Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hess Midstream LP shares valued at $64,531,500 were sold by BlackRock Portfolio Management on Feb 19 ’25. At $39.11 per share, BlackRock Portfolio Management sold 1,650,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, BlackRock Portfolio Management sold 11,000,000 shares, netting a total of over 430,210,000 in proceeds. Following the sale of shares at $39.11 each, the insider now holds 0 shares.
Before that, Stein Jonathan C. had sold 7,923 shares from its account. In a trade valued at $279,840, the Chief Financial Officer traded Hess Midstream LP shares for $35.32 each. Upon closing the transaction, the insider’s holdings decreased to 7,923 shares, worth approximately $2.47 million.
As published in a research note from JP Morgan on March 08, 2024, Hess Midstream LP [HESM] has been rated down from an Overweight to a Neutral and the price target has been revised to $37. As of May 10, 2023, UBS has initiated its “Buy” rating for HESM. Earlier on April 21, 2023, Raymond James initiated its rating. Their recommendation was “an Outperform” for HESM stock.
Analyzing HESM Stock Performance
During the last five days, there has been a surge of approximately 6.07%. Over the course of the year, Hess Midstream LP shares have jumped approximately 11.42%. Shares of the company reached a 52-week high of $42.15 on 01/29/25 and a 52-week low of $37.19 on 01/02/25. A 50-day SMA is recorded $38.85, while a 200-day SMA reached $36.76. Nevertheless, trading volume fell to 0.99 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Hess Midstream LP (HESM)
According to the 24-hour chart, there is a support level at 40.62, which, if violated, would cause prices to drop to 39.97. In the upper region, resistance lies at 41.65. The next price resistance is at 42.04. RSI (Relative Strength Index) is 57.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 21.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
