Hess Midstream Partners LP (HESM) CFO Sells $31,252.03 in Stock

Hess Midstream Partners LP (NYSE:HESM) CFO Jonathan C. Stein sold 1,381 shares of Hess Midstream Partners stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $22.63, for a total transaction of $31,252.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NYSE:HESM traded down $0.07 during midday trading on Friday, reaching $22.58. The company had a trading volume of 100 shares, compared to its average volume of 94,212. The firm has a market cap of $614.46 million, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.63. Hess Midstream Partners LP has a one year low of $16.17 and a one year high of $24.51.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $171.20 million during the quarter, compared to the consensus estimate of $171.85 million. Hess Midstream Partners had a return on equity of 2.63% and a net margin of 10.54%. As a group, analysts forecast that Hess Midstream Partners LP will post 1.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Monday, February 4th were paid a $0.3701 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Friday, February 1st. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.36. Hess Midstream Partners’s payout ratio is 116.54%.

Large investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in Hess Midstream Partners during the fourth quarter valued at $36,000. Tortoise Index Solutions LLC increased its stake in Hess Midstream Partners by 113.9% during the fourth quarter. Tortoise Index Solutions LLC now owns 5,417 shares of the company’s stock valued at $92,000 after purchasing an additional 2,885 shares during the last quarter. Barclays PLC bought a new stake in Hess Midstream Partners during the fourth quarter valued at $178,000. Virtu Financial LLC bought a new stake in Hess Midstream Partners during the fourth quarter valued at $183,000. Finally, Jane Street Group LLC bought a new stake in Hess Midstream Partners during the fourth quarter valued at $183,000. Institutional investors and hedge funds own 49.55% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lowered shares of Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Tuesday. Credit Suisse Group set a $27.00 price objective on shares of Hess Midstream Partners and gave the company a “buy” rating in a research note on Friday, December 14th. Finally, Morgan Stanley dropped their price objective on shares of Hess Midstream Partners from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, November 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.60.

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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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