Russell Investments Group Ltd. boosted its holdings in shares of Hess Midstream Partners LP (NYSE:HESM) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,724 shares of the company’s stock after purchasing an additional 13,601 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hess Midstream Partners were worth $2,139,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Kayne Anderson Capital Advisors LP increased its holdings in shares of Hess Midstream Partners by 58.3% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 1,311,454 shares of the company’s stock valued at $25,566,000 after acquiring an additional 482,800 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Hess Midstream Partners by 168.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 219,385 shares of the company’s stock worth $4,279,000 after acquiring an additional 137,600 shares during the period. FMR LLC boosted its position in Hess Midstream Partners by 7.7% during the 1st quarter. FMR LLC now owns 1,820,423 shares of the company’s stock worth $38,593,000 after acquiring an additional 129,407 shares during the period. Adirondack Research & Management Inc. acquired a new position in Hess Midstream Partners during the 1st quarter worth $691,000. Finally, Acadian Asset Management LLC boosted its position in Hess Midstream Partners by 20.7% during the 1st quarter. Acadian Asset Management LLC now owns 175,451 shares of the company’s stock worth $3,719,000 after acquiring an additional 30,145 shares during the period. Institutional investors own 46.32% of the company’s stock.
HESM has been the subject of a number of analyst reports. Scotia Howard Weill initiated coverage on Hess Midstream Partners in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $24.00 price target for the company. Scotiabank began coverage on Hess Midstream Partners in a report on Tuesday, September 3rd. They issued a “sector outperform” rating and a $24.00 price objective for the company. Finally, Zacks Investment Research upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $25.00.
Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $172.80 million during the quarter, compared to analyst estimates of $178.55 million. Hess Midstream Partners had a net margin of 10.16% and a return on equity of 2.54%. On average, analysts predict that Hess Midstream Partners LP will post 1.38 earnings per share for the current year.
Hess Midstream Partners Profile
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 is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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