apricus wealth LLC boosted its position in Hess Midstream LP (NYSE:HESM – Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,500 shares of the company’s stock after purchasing an additional 250 shares during the period. apricus wealth LLC’s holdings in Hess Midstream were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Teamwork Financial Advisors LLC lifted its stake in Hess Midstream by 2.2% in the fourth quarter. Teamwork Financial Advisors LLC now owns 13,035 shares of the company’s stock worth $483,000 after purchasing an additional 286 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Hess Midstream by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock valued at $517,000 after acquiring an additional 1,024 shares in the last quarter. Stokes Capital Advisors LLC raised its stake in shares of Hess Midstream by 1.2% during the fourth quarter. Stokes Capital Advisors LLC now owns 148,762 shares of the company’s stock valued at $5,509,000 after acquiring an additional 1,725 shares in the last quarter. Artemis Investment Management LLP raised its stake in shares of Hess Midstream by 11.9% during the fourth quarter. Artemis Investment Management LLP now owns 851,203 shares of the company’s stock valued at $31,520,000 after acquiring an additional 90,521 shares in the last quarter. Finally, A. D. Beadell Investment Counsel Inc. raised its stake in shares of Hess Midstream by 23.7% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 29,460 shares of the company’s stock valued at $1,090,000 after acquiring an additional 5,650 shares in the last quarter. Institutional investors own 98.97% of the company’s stock.
Insiders Place Their Bets
In other news, CFO Jonathan C. Stein sold 7,923 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 59,945 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink.
Hess Midstream Stock Performance
Hess Midstream (NYSE:HESM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Hess Midstream had a net margin of 13.06% and a return on equity of 47.87%. The company had revenue of $378.50 million for the quarter, compared to analyst estimates of $376.98 million. During the same period last year, the company posted $0.57 earnings per share. Hess Midstream’s revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Hess Midstream LP will post 2.41 EPS for the current fiscal year.
Hess Midstream Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.6846 dividend. This is a positive change from Hess Midstream’s previous quarterly dividend of $0.67. This represents a $2.74 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend was Thursday, November 7th. Hess Midstream’s payout ratio is currently 116.10%.
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.
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