HESM BlackRock Portfolio Management LLC sells $553.7M worth of shares
May 31, 2025, 4:35 AM
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What does HESM do
Hess Midstream LP, headquartered in Houston, Texas, focuses on midstream asset ownership and services for crude oil and natural gas producers, with operations primarily in North Dakota's Bakken and Three Forks Shale. The company, employing 211 staff, has three segments: gathering, processing and storage, and terminaling and export.
BlackRock Portfolio Management LLC sold 15,022,517 shares of HESM on 30 May at $36.86 per share, worth a total of $553.7M. They now own 0 HESM shares, or a 100% holding decrease.
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