Levin Capital Strategies L.P. boosted its position in Hess Midstream Partners LP (NYSE:HESM) by 176.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,141 shares of the company’s stock after buying an additional 37,731 shares during the quarter. Levin Capital Strategies L.P. owned approximately 0.22% of Hess Midstream Partners worth $1,172,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of HESM. Wells Fargo & Company MN acquired a new position in Hess Midstream Partners in the 2nd quarter valued at $1,561,000. Goldman Sachs Group Inc. acquired a new position in Hess Midstream Partners in the 2nd quarter valued at $6,156,000. Spirit of America Management Corp NY grew its stake in Hess Midstream Partners by 46.3% in the 3rd quarter. Spirit of America Management Corp NY now owns 223,338 shares of the company’s stock valued at $4,907,000 after buying an additional 70,638 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Hess Midstream Partners by 128.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 284,400 shares of the company’s stock valued at $6,248,000 after buying an additional 159,900 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Hess Midstream Partners by 19.2% in the 3rd quarter. Jennison Associates LLC now owns 237,273 shares of the company’s stock valued at $5,213,000 after buying an additional 38,174 shares during the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.
Shares of Hess Midstream Partners LP (NYSE:HESM) opened at $19.88 on Friday. Hess Midstream Partners LP has a 12-month low of $18.32 and a 12-month high of $26.78.
Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The company had revenue of $150.50 million during the quarter, compared to analyst estimates of $146.60 million. Hess Midstream Partners had a return on equity of 4.20% and a net margin of 18.29%. equities research analysts predict that Hess Midstream Partners LP will post 1.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Friday, February 2nd were given a $0.322 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.29 annualized dividend and a yield of 6.48%.
A number of research firms recently issued reports on HESM. Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. Wells Fargo & Co upgraded shares of Hess Midstream Partners from a “market perform” rating to an “outperform” rating and raised their target price for the company from $24.00 to $26.00 in a research note on Thursday, January 11th. Scotiabank set a $31.00 target price on shares of Hess Midstream Partners and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, BidaskClub upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.71.
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About Hess Midstream Partners
Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).
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