Teamwork Financial Advisors LLC Buys 286 Shares of Hess Midstream LP (NYSE:HESM)

Teamwork Financial Advisors LLC boosted its stake in shares of Hess Midstream LP (NYSE:HESM) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,035 shares of the company’s stock after purchasing an additional 286 shares during the period. Teamwork Financial Advisors LLC’s holdings in Hess Midstream were worth $483,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in shares of Hess Midstream by 18.1% in the 2nd quarter. American Century Companies Inc. now owns 132,450 shares of the company’s stock worth $4,826,000 after purchasing an additional 20,344 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Hess Midstream by 4.0% in the second quarter. Pacer Advisors Inc. now owns 37,543 shares of the company’s stock worth $1,368,000 after buying an additional 1,451 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Hess Midstream in the second quarter worth approximately $2,944,000. ProShare Advisors LLC increased its position in shares of Hess Midstream by 4.8% during the second quarter. ProShare Advisors LLC now owns 7,069 shares of the company’s stock valued at $258,000 after acquiring an additional 323 shares in the last quarter. Finally, Aristeia Capital L.L.C. raised its holdings in Hess Midstream by 21.8% in the 2nd quarter. Aristeia Capital L.L.C. now owns 9,420 shares of the company’s stock worth $343,000 after acquiring an additional 1,684 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Insider Buying and Selling at Hess Midstream

In related news, CFO Jonathan C. Stein sold 7,923 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $35.32, for a total transaction of $279,840.36. Following the completion of the sale, the chief financial officer now directly owns 59,945 shares in the company, valued at approximately $2,117,257.40. The trade was a 11.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hess Midstream Stock Performance

Shares of HESM opened at $40.78 on Thursday. Hess Midstream LP has a 12 month low of $32.15 and a 12 month high of $41.61. The business’s fifty day simple moving average is $37.39 and its two-hundred day simple moving average is $36.64. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 7.85. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 17.28 and a beta of 1.52.

Hess Midstream (NYSE:HESM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Hess Midstream had a net margin of 13.06% and a return on equity of 47.87%. The firm had revenue of $378.50 million for the quarter, compared to the consensus estimate of $376.98 million. During the same quarter last year, the firm posted $0.57 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Hess Midstream LP will post 2.41 earnings per share for the current fiscal year.

Hess Midstream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a $0.6846 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date was Thursday, November 7th. This is an increase from Hess Midstream’s previous quarterly dividend of $0.67. Hess Midstream’s payout ratio is 116.10%.

About Hess Midstream

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.