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Yahoo
6 days ago
- Business
- Yahoo
Hess Midstream LP (HESM) Back Under Morgan Stanley's Radar After Chevron Merger
Hess Midstream LP (NYSE:HESM) ranks among the . On July 25, Morgan Stanley resumed covering Hess Midstream LP (NYSE:HESM) with an Equalweight rating and a $48 price target. The update follows the merger between HESM sponsor Hess Corporation and Chevron. Chevron is now the general partner and dominant stakeholder, holding 79.4 million Class A shares, or 37.8% of the equity interest. According to Morgan Stanley, the key concern for Hess Midstream LP (NYSE:HESM) is whether Chevron will buy the remaining part or keep it as a separate midstream company. According to the firm, a possible takeover wouldn't likely have a major financial impact on Chevron, although it might streamline the company's organizational structure and grant the oil giant more direct control over midstream activities. Hess Midstream LP (NYSE:HESM) is a midstream energy company that specializes in fee-based gathering, processing, storage, and terminal services. Based in Texas, the company operates in the Bakken and Three Forks shale areas. While we acknowledge the potential of HESM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Yahoo
12-07-2025
- Business
- Yahoo
Hess Midstream Sees Ownership Shift While Maintaining Strong Dividend Appeal
Hess Midstream LP (NYSE:HESM) is one of the . The company announces a shift in ownership, followed by the pricing of a secondary public offering. A worker measuring crude oil inside a rail tank car. Hess Midstream LP (NYSE:HESM) is a midstream energy company focused on fee-based gathering, processing, storage, and terminal services. With headquarters in Texas, the company has operations running across the Bakken and Three Forks shale plays. Managing extensive natural gas, crude oil, and produced water infrastructure, the company serves Hess Corporation and third-party customers. On May 28, 2025, the company announced the pricing of a secondary public offering. It involves offering 15,022,517 Class A shares at $37.25 per share. Under the management of J.P. Morgan and Citigroup, the company anticipates a return of $559.59 million for the selling shareholder. Hess Midstream LP (NYSE:HESM) will not receive any proceeds. Later, owing to the closure of a registered underwritten public offering on May 30, 2025, the company announces the exit of Global Infrastructure Partners, a part of BlackRock, from its position in Hess Midstream. The consolidated ownership of the company now rests at 62.2% with the public and 37.8% with Hess Corporation. Hence, as of now, the company's dividend policy and payouts remain strongly driven by its own operations. With a solid Buy rating from analysts and a dividend yield of 7.18%, the company's shares are available for interested investors. While we acknowledge the potential of HESM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None. Connectez-vous pour accéder à votre portefeuille
