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HESM stock rated a Neutral by JP Morgan

Hess Midstream LP’s filing revealed that its President and COO Gatling John A. unloaded Company’s shares for reported $79825.0 on Mar 13 ’24. In the deal valued at $35.78 per share,2,231 shares were sold. As a result of this transaction, Gatling John A. now holds 56,732 shares worth roughly $1.99 million.

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Then, Global Infrastructure Investor sold 11,500,000 shares, generating $377,545,000 in total proceeds. Upon selling the shares at $32.83, the Director now owns 0 shares.

Before that, Global Infrastructure Investor sold 1,500,000 shares. Hess Midstream LP shares valued at $42,885,000 were divested by the Director at a price of $28.59 per share. As a result of the transaction, Global Infrastructure Investor now holds 0 shares, worth roughly $0.0.

JP Morgan downgraded its Hess Midstream LP [HESM] rating to a Neutral from a an Overweight in a research note published recently. UBS began covering HESM with “Buy” recommendation on May 10, 2023. Raymond James started covering the stock on April 21, 2023. It rated HESM as “an Outperform”.

Price Performance Review of HESM

On Friday, Hess Midstream LP [NYSE:HESM] saw its stock jump 0.09% to $35.10. Over the last five days, the stock has gained 2.48%. Hess Midstream LP shares have risen nearly 10.97% since the year began. Nevertheless, the stocks have risen 23.16% over the past one year. While a 52-week high of $36.84 was reached on 04/03/24, a 52-week low of $26.86 was recorded on 01/09/24. SMA at 50 days reached $35.25, while 200 days put it at $32.10. A total of 0.71 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For HESM Stock

The 24-hour chart illustrates a support level at 34.89, which if violated will result in even more drops to 34.67. On the upside, there is a resistance level at 35.25. A further resistance level may holdings at 35.39. The Relative Strength Index (RSI) on the 14-day chart is 52.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.40%. Stochastics %K at 74.07% indicates the stock is a holding.

The most recent change occurred on December 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $34 price target.

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