Hess Midstream Partners LP $HESM Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its holdings in shares of Hess Midstream Partners LP (NYSE:HESM) by 77.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,642 shares of the company’s stock after selling 33,003 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Hess Midstream Partners were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in shares of Hess Midstream Partners by 14.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $92,000 after purchasing an additional 300 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Hess Midstream Partners by 1.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 25,766 shares of the company’s stock valued at $889,000 after buying an additional 330 shares during the period. Investment Management Corp VA ADV raised its holdings in Hess Midstream Partners by 3.0% in the 4th quarter. Investment Management Corp VA ADV now owns 12,519 shares of the company’s stock valued at $432,000 after buying an additional 362 shares during the period. Cetera Investment Advisers lifted its position in Hess Midstream Partners by 0.8% in the fourth quarter. Cetera Investment Advisers now owns 44,931 shares of the company’s stock valued at $1,550,000 after buying an additional 378 shares during the last quarter. Finally, Creative Planning lifted its position in Hess Midstream Partners by 4.7% in the third quarter. Creative Planning now owns 9,000 shares of the company’s stock valued at $311,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HESM. Morgan Stanley reiterated an “underweight” rating and set a $39.00 price target on shares of Hess Midstream Partners in a research report on Tuesday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Hess Midstream Partners in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $37.67.

Hess Midstream Partners Trading Down 0.4%

Shares of NYSE HESM opened at $39.00 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 9.39. The stock has a market capitalization of $8.04 billion, a PE ratio of 13.45 and a beta of 0.52. Hess Midstream Partners LP has a twelve month low of $31.63 and a twelve month high of $41.75. The stock has a fifty day simple moving average of $39.20 and a 200-day simple moving average of $38.76.

Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Monday, August 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $399.00 million for the quarter, compared to analyst estimates of $395.96 million. Hess Midstream Partners had a return on equity of 92.18% and a net margin of 23.23%.Hess Midstream Partners’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. On average, equities analysts forecast that Hess Midstream Partners LP will post 2.94 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, August 6th were paid a $0.7888 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 8.1%. Hess Midstream Partners’s payout ratio is 108.97%.

Hess Midstream Partners Company Profile

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.