New insider activity at Hess Midstream Partners ( (HESM) ) has taken place on June 10, 2025.
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Director Geurt G Schoonman recently sold 3,249 shares of Hess Midstream Partners stock, amounting to a total transaction value of $127,035.
Recent Updates on HESM stock
Hess Midstream Partners announced a secondary public offering of 15,022,517 Class A shares priced at $37.25 per share, managed by J.P. Morgan and Citigroup, which is expected to generate $559.59 million for the selling shareholder, Global Infrastructure Partners. The offering, set to close on May 30, 2025, will result in Global Infrastructure Partners ceasing to hold ownership interests, with Hess Investments North Dakota LLC gaining full control. This strategic move does not affect existing commercial agreements or the partnership agreement with Hess. The company’s robust financial performance, positive earnings call sentiment, and strategic corporate actions contribute to a favorable stock outlook, despite mixed technical signals. Analysts maintain a Hold rating with a $40.00 price target, reflecting the company’s strong financial position and shareholder returns.
Spark’s Take on HESM Stock
According to Spark, TipRanks’ AI Analyst, HESM is a Outperform.
Hess Midstream’s strong financial performance and robust earnings call outlook are key strengths, supported by fair valuation and positive corporate actions. However, rising leverage remains a watchpoint.
To see Spark’s full report on HESM stock, click here.
More about Hess Midstream Partners
YTD Price Performance: 8.68%
Average Trading Volume: 1,190,979
Technical Sentiment Signal: Buy
Current Market Cap: $8.19B