Susquehanna Fundamental Investments LLC Purchases New Holdings in Hess Midstream LP (NYSE:HESM)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Hess Midstream LP (NYSE:HESM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 122,414 shares of the company's stock, valued at approximately $4,533,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Hess Midstream at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in shares of Hess Midstream by 77.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock worth $49,000 after purchasing an additional 579 shares in the last quarter. US Bancorp DE grew its holdings in shares of Hess Midstream by 34.0% during the fourth quarter. US Bancorp DE now owns 2,010 shares of the company's stock worth $74,000 after buying an additional 510 shares in the last quarter. IFP Advisors Inc raised its position in shares of Hess Midstream by 33.3% in the fourth quarter. IFP Advisors Inc now owns 2,934 shares of the company's stock valued at $109,000 after buying an additional 733 shares during the last quarter. Virtus ETF Advisers LLC lifted its stake in shares of Hess Midstream by 9.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 4,972 shares of the company's stock worth $184,000 after buying an additional 432 shares in the last quarter. Finally, KBC Group NV boosted its position in Hess Midstream by 80.0% during the fourth quarter. KBC Group NV now owns 5,046 shares of the company's stock worth $187,000 after acquiring an additional 2,243 shares during the last quarter. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Hess Midstream Stock Performance

Shares of Hess Midstream stock opened at $38.88 on Tuesday. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 15.61 and a beta of 1.14. The company has a debt-to-equity ratio of 7.85, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50-day moving average of $39.87 and a 200 day moving average of $38.36. Hess Midstream LP has a 12 month low of $32.75 and a 12 month high of $44.05.

Hess Midstream (NYSE:HESM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.03. Hess Midstream had a net margin of 14.92% and a return on equity of 54.59%. As a group, sell-side analysts forecast that Hess Midstream LP will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HESM. JPMorgan Chase & Co. upped their price objective on shares of Hess Midstream from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Wells Fargo & Company lifted their target price on Hess Midstream from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Raymond James increased their price target on Hess Midstream from $42.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Citigroup boosted their price objective 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Hess Midstream 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.

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