Trade Alert: President & COO of Hess Midstream GP LLC Of Hess Midstream John Gatling Has Sold Stock

Some Hess Midstream LP (NYSE:HESM) shareholders may be a little concerned to see that the President & COO of Hess Midstream GP LLC, John Gatling, recently sold a substantial US$2.6m worth of stock at a price of US$41.59 per share. That diminished their holding by a very significant 100%, which arguably implies a strong desire to reallocate capital.

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The Last 12 Months Of Insider Transactions At Hess Midstream

Notably, that recent sale by John Gatling is the biggest insider sale of Hess Midstream shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$41.17. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

In the last year Hess Midstream insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Hess Midstream

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Does Hess Midstream Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Hess Midstream insiders own about US$11m worth of shares. That equates to 0.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Hess Midstream Insiders?

Insiders haven't bought Hess Midstream stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. On the plus side, Hess Midstream makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 3 warning signs for Hess Midstream (1 is significant!) that we believe deserve your full attention.

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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 of direct interests only, but not derivative transactions or indirect interests.

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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.