apricus wealth LLC Raises Position in Hess Midstream LP (NYSE:HESM)

apricus wealth LLC boosted its stake in Hess Midstream LP (NYSE:HESM) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,500 shares of the company’s stock after buying an additional 250 shares during the quarter. apricus wealth LLC’s holdings in Hess Midstream were worth $685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Yaupon Capital Management LP acquired a new stake in Hess Midstream in the 3rd quarter valued at about $44,088,000. Soros Fund Management LLC acquired a new stake in Hess Midstream in the 3rd quarter valued at about $14,108,000. Kayne Anderson Capital Advisors LP increased its holdings in shares of Hess Midstream by 7.9% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 2,640,514 shares of the company’s stock worth $93,131,000 after buying an additional 194,154 shares during the last quarter. Seven Grand Managers LLC acquired a new stake in shares of Hess Midstream during the 3rd quarter worth approximately $6,349,000. Finally, Nordea Investment Management AB increased its holdings in shares of Hess Midstream by 98.0% during the 4th quarter. Nordea Investment Management AB now owns 271,051 shares of the company’s stock worth $10,118,000 after buying an additional 134,171 shares during the last quarter. 98.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hess Midstream

In other news, CFO Jonathan C. Stein sold 7,923 shares of Hess Midstream 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 completion of the sale, the chief financial officer now directly owns 59,945 shares of the company’s stock, valued at approximately $2,117,257.40. The trade was a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hess Midstream Stock Up 1.3 %

Shares of NYSE HESM opened at $41.38 on Friday. Hess Midstream LP has a 1 year low of $32.15 and a 1 year high of $41.61. The company has a debt-to-equity ratio of 7.85, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50 day simple moving average of $37.63 and a 200-day simple moving average of $36.70. The company has a market capitalization of $9.02 billion, a P/E ratio of 17.53 and a beta of 1.52.

Hess Midstream (NYSE:HESM) last posted its earnings results on Wednesday, October 30th. The company reported $0.63 earnings per share 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 firm had revenue of $378.50 million during the quarter, compared to the consensus estimate of $376.98 million. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Hess Midstream LP will post 2.41 earnings per share for the current year.

Hess Midstream Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 6.62%. The ex-dividend date was Thursday, November 7th. This is a boost from Hess Midstream’s previous quarterly dividend of $0.67. Hess Midstream’s dividend payout ratio (DPR) is currently 116.10%.

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.