Insiders purchases in Hess Midstream LP (NYSE:HESM) last year yet to pay off, remain down US$6.4k despite recent gains

Insiders who bought US$100k worth of Hess Midstream LP (NYSE:HESM) stock in the last year have seen some of their losses recouped as the stock gained 7.6% last week. However, total losses seen by insiders are still US$6.4k since the time of purchase.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Hess Midstream

Hess Midstream Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Director of Hess Midstream GP LLC Geurt Schoonman bought US$100k worth of shares at a price of US$30.77 per share. That means that even when the share price was higher than US$28.80 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Geurt Schoonman was the only individual insider to buy during the last year.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Hess Midstream

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.09% of Hess Midstream shares, worth about US$6.5m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Hess Midstream Insiders?

The fact that there have been no Hess Midstream insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Hess Midstream insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hess Midstream. To help with this, we've discovered 3 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in Hess Midstream.

Of course Hess Midstream may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.