Hess Midstream LP’s filing revealed that its 10% Owner BlackRock Portfolio Management unloaded Company’s shares for reported $430.21 million on Feb 12 ’25. In the deal valued at $39.11 per share,11,000,000 shares were sold. As a result of this transaction, BlackRock Portfolio Management now holds 0 shares worth roughly $ 0.0.
Then, Stein Jonathan C. sold 7,923 shares, generating $279,840 in total proceeds. Upon selling the shares at $35.32, the Chief Financial Officer now owns 59,945 shares.
Before that, Stein Jonathan C. bought 7,923 shares. Hess Midstream LP shares valued at $277,860 were divested by the Officer at a price of $35.07 per share.
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 0.73% to $39.88. Over the last five days, the stock has lost -1.51%. Hess Midstream LP shares have risen nearly 7.70% since the year began. Nevertheless, the stocks have risen 21.70% over the past one year. While a 52-week high of $42.15 was reached on 01/29/25, a 52-week low of $32.64 was recorded on 01/02/25. SMA at 50 days reached $38.62, while 200 days put it at $36.65.
Levels Of Support And Resistance For HESM Stock
The 24-hour chart illustrates a support level at 39.42, which if violated will result in even more drops to 38.96. On the upside, there is a resistance level at 40.56. A further resistance level may holdings at 41.24. The Relative Strength Index (RSI) on the 14-day chart is 50.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.94%. Stochastics %K at 24.13% indicates the stock is a holding.
How much short interest is there in Hess Midstream LP?
A steep rise in short interest was recorded in Hess Midstream LP stocks on 2025-01-31, dropping by -0.29 million shares to a total of 6.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 7.12 million shares. There was a decline of -4.18%, which implies that there is a negative sentiment for the stock.
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.
