Eagle Global Advisors Makes Hess Midstream LP (HESM) its 4th Largest Holding

Hess Midstream LP (NYSE:HESM) is among the most profitable oil stocks to buy now. Eagle Global Advisors LLC raised its position in Hess Midstream LP (NYSE:HESM) by 53.7% during the second quarter following the purchase of 857,669 shares, making the stock its fourth largest holding. According to a recent disclosure with the SEC, the firm now owns 1.14% of the company through the acquisition of 2,453,834 shares and an investment of $94,497,000.

Many believe that now is a good time to invest in Hess Midstream LP (NYSE:HESM) due to its new drilling plans. Given less drilling activity and thus reduced throughput in the company’s system, the near-term growth prospects seem somewhat modest. However, the stability and sustainability of the company’s base business make it one of the best investments out there.

Is Hess Midstream LP (HESM) The Best Pipeline and MLP Stock to Invest In According to Analysts?

Having said that, Hess Midstream LP (NYSE:HESM) has one of the strongest contract structures in its industry. With minimum volume commitments (MVC) through 2033, Hess Midstream LP (NYSE:HESM) is well-positioned to achieve the guaranteed minimum revenue.

Hess Midstream LP (NYSE:HESM) is a Texas-based operator of midstream assets and provider of fee-based services to both Hess and third-party customers. With three main segments: Gathering, Processing and Storage, and Terminaling and Export, the company fulfills its commitment to high safety and environmental standards.

While we acknowledge the potential of HESM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HESM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.