Two Sigma Securities LLC Takes $936,000 Position in Hess Midstream Partners LP $HESM

Two Sigma Securities LLC bought a new position in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,883 shares of the company's stock, valued at approximately $936,000.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust purchased a new stake in shares of Hess Midstream Partners in the second quarter worth $38,000. Caitong International Asset Management Co. Ltd bought a new position in Hess Midstream Partners in the 4th quarter worth about $44,000. IFP Advisors Inc raised its holdings in shares of Hess Midstream Partners by 70.0% in the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the company's stock valued at $49,000 after acquiring an additional 582 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Hess Midstream Partners by 124.4% during the 1st quarter. CENTRAL TRUST Co now owns 2,165 shares of the company's stock valued at $84,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Hess Midstream Partners by 14.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company's stock worth $92,000 after purchasing an additional 300 shares in the last quarter. 98.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hess Midstream Partners in a research note on Wednesday, June 24th. Morgan Stanley reiterated an "underweight" rating and set a $39.00 price objective on shares of Hess Midstream Partners in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Hess Midstream Partners currently has a consensus rating of "Reduce" and an average target price of $37.67.

Hess Midstream Partners Price Performance

HESM opened at $40.23 on Tuesday. The company has a debt-to-equity ratio of 9.39, a quick ratio of 0.77 and a current ratio of 0.77. Hess Midstream Partners LP has a 52-week low of $31.63 and a 52-week high of $41.63. The stock has a market capitalization of $8.29 billion, a PE ratio of 13.87 and a beta of 0.52. The stock's 50 day moving average price is $39.48 and its 200-day moving average price is $38.90.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. Hess Midstream Partners had a net margin of 23.23% and a return on equity of 92.18%. The firm had revenue of $399.00 million during the quarter, compared to analysts' expectations of $395.96 million. During the same period last year, the company posted $0.74 EPS. The company's quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Hess Midstream Partners LP will post 2.94 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, August 6th were given a dividend of $0.7888 per share. This is an increase from Hess Midstream Partners's previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, August 6th. Hess Midstream Partners's payout ratio is 108.97%.

Hess Midstream Partners Profile

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.

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