Yaupon Capital Management LP Has $10.45 Million Position in Hess Midstream LP (NYSE:HESM)

Yaupon Capital Management LP trimmed its position in Hess Midstream LP (NYSE:HESM - Free Report) by 77.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 282,204 shares of the company's stock after selling 967,796 shares during the period. Yaupon Capital Management LP owned about 0.13% of Hess Midstream worth $10,450,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in Hess Midstream by 77.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock valued at $49,000 after acquiring an additional 579 shares during the last quarter. US Bancorp DE lifted its position in Hess Midstream by 34.0% during the 4th quarter. US Bancorp DE now owns 2,010 shares of the company's stock valued at $74,000 after purchasing an additional 510 shares during the period. IFP Advisors Inc lifted its position in Hess Midstream by 33.3% during the 4th quarter. IFP Advisors Inc now owns 2,934 shares of the company's stock valued at $109,000 after purchasing an additional 733 shares during the period. KBC Group NV boosted its stake in shares of Hess Midstream by 80.0% in the 4th quarter. KBC Group NV now owns 5,046 shares of the company's stock valued at $187,000 after purchasing an additional 2,243 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Hess Midstream during the 4th quarter worth approximately $218,000. 98.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on HESM. Raymond James raised their price objective on shares of Hess Midstream from $42.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Citigroup raised their price target on Hess Midstream from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company upped their price objective on Hess Midstream from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their target price on Hess Midstream from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Hess Midstream currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Insider Buying and Selling

In related news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of Hess Midstream stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $39.11, for a total value of $430,210,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Hess Midstream Trading Down 0.3 %

HESM stock traded down $0.11 during midday trading on Friday, hitting $38.85. 752,476 shares of the company's stock were exchanged, compared to its average volume of 994,641. Hess Midstream LP has a one year low of $32.75 and a one year high of $44.05. The company has a debt-to-equity ratio of 7.85, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $8.47 billion, a PE ratio of 15.60 and a beta of 1.14. The stock's fifty day moving average price is $39.91 and its 200-day moving average price is $38.31.

Hess Midstream (NYSE:HESM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Hess Midstream had a return on equity of 54.59% and a net margin of 14.92%. Research analysts predict that Hess Midstream LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, February 6th were given a dividend of $0.7012 per share. This is an increase from Hess Midstream's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.80 annualized dividend and a dividend yield of 7.22%. Hess Midstream's dividend payout ratio is currently 112.45%.

Hess Midstream Company 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.