Hess Midstream Partners LP $HESM Position Cut by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its holdings in Hess Midstream Partners LP (NYSE:HESM) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,561 shares of the company’s stock after selling 37,800 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Hess Midstream Partners were worth $5,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HESM. Strategic Advocates LLC bought a new position in Hess Midstream Partners in the 3rd quarter worth approximately $28,000. IFP Advisors Inc grew its holdings in Hess Midstream Partners by 70.0% in the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the company’s stock worth $49,000 after buying an additional 582 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Hess Midstream Partners by 14.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after purchasing an additional 300 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new stake in Hess Midstream Partners in the fourth quarter worth approximately $96,000. Finally, Larson Financial Group LLC lifted its position in Hess Midstream Partners by 668.5% in the third quarter. Larson Financial Group LLC now owns 3,074 shares of the company’s stock worth $106,000 after purchasing an additional 2,674 shares during the period. 98.97% of the stock is owned by institutional investors.

Hess Midstream Partners Price Performance

HESM opened at $37.56 on Friday. The company has a fifty day moving average price of $38.90 and a two-hundred day moving average price of $36.62. The company has a debt-to-equity ratio of 9.97, a quick ratio of 0.92 and a current ratio of 0.92. Hess Midstream Partners LP has a 52 week low of $31.63 and a 52 week high of $44.14. The firm has a market capitalization of $7.74 billion, a PE ratio of 13.00 and a beta of 0.54.

Hess Midstream Partners (NYSE:HESM) last released its earnings results on Monday, May 4th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Hess Midstream Partners had a net margin of 22.64% and a return on equity of 84.47%. The firm had revenue of $390.10 million during the quarter, compared to analyst estimates of $389.51 million. During the same quarter in the previous year, the business earned $0.65 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Hess Midstream Partners LP will post 2.99 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.7792 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $3.12 dividend on an annualized basis and a yield of 8.3%. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.76. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 107.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HESM. Morgan Stanley cut their price objective on Hess Midstream Partners from $42.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. The Goldman Sachs Group downgraded Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price objective for the company. in a research report on Monday, April 20th. Weiss Ratings upgraded Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Zacks Research upgraded Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company increased their target price on Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.71.

About Hess Midstream Partners

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.