PEAK6 Investments L.P. acquired a new position in Hess Midstream Partners (NYSE:HESM) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 16,389 shares of the company’s stock, valued at approximately $325,000. PEAK6 Investments L.P. owned approximately 0.06% of Hess Midstream Partners as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Hess Midstream Partners in the 3rd quarter worth about $292,000. AMP Capital Investors Ltd boosted its position in shares of Hess Midstream Partners by 33.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 27,465 shares of the company’s stock worth $603,000 after buying an additional 6,932 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in Hess Midstream Partners by 29.0% in the 3rd quarter. Cohen & Steers Inc. now owns 1,727,200 shares of the company’s stock valued at $37,947,000 after purchasing an additional 388,552 shares in the last quarter. Cbre Clarion Securities LLC lifted 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, Zimmer Partners LP lifted 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. Institutional investors and hedge funds own 56.48% of the company’s stock.
In related news, COO John A. Gatling acquired 5,100 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was bought at an average price of $19.75 per share, with a total value of $100,725.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSE:HESM traded down $0.44 on Friday, reaching $18.98. The stock had a trading volume of 77,572 shares, compared to its average volume of 96,330. Hess Midstream Partners 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 data on Monday, February 5th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Hess Midstream Partners had a net margin of 18.29% and a return on equity of 4.16%. The company had revenue of $150.50 million for the quarter, compared to analyst estimates of $146.60 million. analysts forecast that Hess Midstream Partners will post 1.2 earnings per share for the current year.
A number of research firms have issued reports on HESM. Wells Fargo upgraded shares of Hess Midstream Partners from a “market perform” rating to an “outperform” rating and upped their target price for the company from $24.00 to $26.00 in a report on Thursday, January 11th. Zacks Investment Research lowered shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Hess Midstream Partners has an average rating of “Buy” and a consensus price target of $27.71.
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About Hess Midstream Partners
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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