BP Capital Fund Advisors LLC trimmed its position in shares of Hess Midstream Partners (NYSE:HESM) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,304 shares of the company’s stock after selling 27,164 shares during the period. BP Capital Fund Advisors LLC owned approximately 0.53% of Hess Midstream Partners worth $2,729,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Zimmer Partners LP increased its holdings in Hess Midstream Partners by 3.6% in the 4th quarter. Zimmer Partners LP now owns 75,026 shares of the company’s stock valued at $1,486,000 after purchasing an additional 2,576 shares in the last quarter. Lucas Capital Management increased its holdings in Hess Midstream Partners by 21.9% in the 4th quarter. Lucas Capital Management now owns 16,054 shares of the company’s stock valued at $318,000 after purchasing an additional 2,885 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Hess Midstream Partners by 98.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,618 shares of the company’s stock valued at $209,000 after purchasing an additional 4,778 shares in the last quarter. Cbre Clarion Securities LLC increased its holdings in Hess Midstream Partners by 6.3% in the 4th quarter. Cbre Clarion Securities LLC now owns 98,387 shares of the company’s stock valued at $1,949,000 after purchasing an additional 5,862 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its holdings in Hess Midstream Partners by 8.3% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 129,861 shares of the company’s stock valued at $2,573,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 57.58% of the company’s stock.
Shares of Hess Midstream Partners opened at $20.53 on Friday, according to Marketbeat.com. Hess Midstream Partners has a 12-month low of $20.08 and a 12-month high of $20.12. The firm has a market capitalization of $545.59 million and a P/E ratio of 19.23.
Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $157.00 million during the quarter, compared to the consensus estimate of $163.20 million. Hess Midstream Partners had a return on equity of 2.24% and a net margin of 9.69%. equities analysts anticipate that Hess Midstream Partners will post 1.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Friday, May 4th were given a $0.333 dividend. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.32. This represents a $1.33 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date was Thursday, May 3rd.
Separately, Zacks Investment Research upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $26.40.
In other news, COO John A. Gatling acquired 5,100 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was bought at an average cost of $19.75 per share, with a total value of $100,725.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Hess Midstream Partners Company Profile
Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide 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 include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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