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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.

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.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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Put another way, that’s roughly equal to:

  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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