F&V Capital Management LLC Purchases 1,500 Shares of Hess Midstream LP (NYSE:HESM)

F&V Capital Management LLC increased its holdings in Hess Midstream LP (NYSE:HESM) by 16.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 10,500 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. F&V Capital Management LLC’s holdings in Hess Midstream were worth $379,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Hess Midstream during the third quarter valued at approximately $41,000. First Horizon Advisors Inc. boosted its position in Hess Midstream by 183.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,791 shares of the company’s stock valued at $57,000 after buying an additional 1,159 shares during the period. Parkside Financial Bank & Trust grew its holdings in Hess Midstream by 348.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,323 shares of the company’s stock worth $73,000 after acquiring an additional 1,805 shares during the last quarter. Lee Financial Co increased its position in shares of Hess Midstream by 198.2% in the fourth quarter. Lee Financial Co now owns 4,422 shares of the company’s stock valued at $140,000 after acquiring an additional 2,939 shares during the period. Finally, Wealth Alliance bought a new position in shares of Hess Midstream during the fourth quarter valued at about $207,000. Institutional investors own 92.41% of the company’s stock.

Insider Buying and Selling at Hess Midstream

In other news, Director Infrastructure Investor Global sold 10,000,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $34.02, for a total value of $340,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hess Midstream Stock Down 0.6 %

HESM stock traded down $0.22 during midday trading on Wednesday, hitting $36.48. The stock had a trading volume of 707,998 shares, compared to its average volume of 961,021. The business has a 50-day moving average of $35.13 and a two-hundred day moving average of $34.15. The company has a debt-to-equity ratio of 8.67, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 16.51 and a beta of 1.49. Hess Midstream LP has a 52-week low of $27.57 and a 52-week high of $37.13.

Hess Midstream (NYSE:HESM) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Hess Midstream had a net margin of 10.18% and a return on equity of 35.08%. The business had revenue of $355.60 million for the quarter, compared to analysts’ expectations of $354.98 million. As a group, equities research analysts forecast that Hess Midstream LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Thursday, May 2nd were given a $0.6516 dividend. The ex-dividend date was Wednesday, May 1st. This is a boost from Hess Midstream’s previous quarterly dividend of $0.63. This represents a $2.61 annualized dividend and a yield of 7.14%. Hess Midstream’s dividend payout ratio is 118.10%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HESM shares. Wells Fargo & Company boosted their price target on Hess Midstream from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. JPMorgan Chase & Co. boosted their target price on Hess Midstream from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, UBS Group raised their price target on Hess Midstream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Hess Midstream Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.