Tudor Investment Corp ET AL Trims Stock Holdings in Hess Midstream LP (NYSE:HESM)

Tudor Investment Corp ET AL lessened its stake in Hess Midstream LP (NYSE:HESM - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,420 shares of the company's stock after selling 17,907 shares during the period. Tudor Investment Corp ET AL owned 0.19% of Hess Midstream worth $15,235,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tortoise Capital Advisors L.L.C. raised its stake in shares of Hess Midstream by 1.1% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,581,106 shares of the company's stock worth $280,728,000 after buying an additional 83,943 shares in the last quarter. Invesco Ltd. lifted its stake in Hess Midstream by 4.9% in the 4th quarter. Invesco Ltd. now owns 4,091,011 shares of the company's stock valued at $151,490,000 after buying an additional 191,175 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Hess Midstream by 5.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 3,309,547 shares of the company's stock valued at $122,553,000 after acquiring an additional 165,933 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Hess Midstream by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,751,875 shares of the company's stock valued at $64,872,000 after acquiring an additional 184,290 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Hess Midstream by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,134,495 shares of the company's stock worth $42,010,000 after purchasing an additional 30,200 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HESM. Citigroup upped their target price on shares of Hess Midstream from $41.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on shares of Hess Midstream from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Raymond James boosted their price target on Hess Midstream from $42.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company decreased their price objective on Hess Midstream from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.80.

Insider Buying and Selling at Hess Midstream

In other news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $39.11, for a total value of $430,210,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hess Midstream Trading Up 1.2 %

Shares of HESM stock traded up $0.45 on Friday, reaching $37.14. 712,958 shares of the stock were exchanged, compared to its average volume of 993,849. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 7.85. The stock has a market cap of $8.10 billion, a P/E ratio of 14.92 and a beta of 0.67. The firm has a 50 day moving average of $39.61 and a two-hundred day moving average of $38.40. Hess Midstream LP has a 1-year low of $33.59 and a 1-year high of $44.05.

Hess Midstream (NYSE:HESM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $382.00 million during the quarter, compared to analyst estimates of $384.28 million. Hess Midstream had a return on equity of 54.59% and a net margin of 14.92%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, research analysts anticipate that Hess Midstream LP will post 2.5 EPS for the current year.

Hess Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, May 8th will be issued a $0.7098 dividend. This is a positive change from Hess Midstream's previous quarterly dividend of $0.70. The ex-dividend date is Thursday, May 8th. This represents a $2.84 annualized dividend and a yield of 7.64%. Hess Midstream's dividend payout ratio (DPR) is presently 110.98%.

Hess Midstream Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.