Hess Midstream: Chevron Clarity Nears (Downgrade)

Core Viewpoint - Hess Midstream (HESM) has shown strong performance over the past year, with a 16% increase in share price and a dividend yield exceeding 7% due to its favorable contract structure and stock repurchase initiatives [1] Company Performance - The partnership has been actively repurchasing stock, contributing to its share price appreciation and ability to grow its dividend payouts [1] Dividend and Yield - The current dividend yield for Hess Midstream stands at over 7%, indicating a robust return for investors alongside capital appreciation [1]