Hess MidstreamHESM
Market Cap: $3.28B
About: Hess Midstream LP owns, operates, develops, and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing and storage, and terminaling and exporting. The company derives the maximum revenue from the gathering segment. Its gathering segment consists of the following assets namely Natural Gas Gathering and Compression; Crude Oil Gathering and Produced Water Gathering and Disposal.
Employees: 211
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 20
98% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 53
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
17% more capital invested
Capital invested by funds: $2.6B [Q1] → $3.04B (+$438M) [Q2]
13.69% more ownership
Funds ownership: 90.59% [Q1] → 104.28% (+13.69%) [Q2]
10% more funds holding
Funds holding: 218 [Q1] → 239 (+21) [Q2]
0% less call options, than puts
Call options by funds: $8.93M | Put options by funds: $8.94M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Jeremy Tonet 88% 1-year accuracy 22 / 25 met price target | 9%upside $39 | Neutral Maintained | 21 Aug 2024 |
UBS Brian Reynolds 88% 1-year accuracy 7 / 8 met price target | 11%upside $40 | Buy Maintained | 3 Jul 2024 |