Stifel Financial Corp Has $405,000 Stock Holdings in Hess Midstream LP (NYSE:HESM)

Stifel Financial Corp boosted its stake in shares of Hess Midstream LP (NYSE:HESM) by 37.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,490 shares of the company’s stock after buying an additional 3,148 shares during the period. Stifel Financial Corp’s holdings in Hess Midstream were worth $405,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp bought a new stake in shares of Hess Midstream during the third quarter worth $71,000. KBC Group NV lifted its position in Hess Midstream by 83.9% in the 3rd quarter. KBC Group NV now owns 2,803 shares of the company’s stock valued at $99,000 after acquiring an additional 1,279 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in Hess Midstream in the 3rd quarter worth $100,000. Icon Wealth Advisors LLC increased its holdings in Hess Midstream by 11.1% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,288 shares of the company’s stock worth $116,000 after purchasing an additional 329 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Hess Midstream by 487.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,366 shares of the company’s stock valued at $119,000 after purchasing an additional 2,793 shares during the period. Institutional investors own 98.97% of the company’s stock.

Hess Midstream Stock Performance

Shares of Hess Midstream stock opened at $36.54 on Friday. 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 firm has a market cap of $7.97 billion, a price-to-earnings ratio of 15.48 and a beta of 1.53. Hess Midstream LP has a one year low of $30.72 and a one year high of $39.11. The stock’s 50-day moving average is $36.01 and its 200-day moving average is $36.30.

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

Hess Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a dividend of $0.6846 per share. This is a boost from Hess Midstream’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.74 annualized dividend and a yield of 7.49%. Hess Midstream’s dividend payout ratio is presently 115.68%.

Insider Activity at Hess Midstream

In other Hess Midstream news, CFO Jonathan C. Stein sold 7,923 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $35.32, for a total value of $279,840.36. Following the completion of the transaction, the chief financial officer now directly owns 59,945 shares in the company, valued at $2,117,257.40. This trade represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.