Eagle Global Advisors LLC increased its stake in Hess Midstream LP (NYSE:HESM) by 53.7% in the second quarter, making it their fourth largest holding with 857,669 shares acquired. The firm now owns 1.14% of the company, investing $94,497,000 in 2,453,834 shares. Hess Midstream is considered one of the most profitable oil stocks to buy now.

Despite reduced drilling activity, Hess Midstream LP (NYSE:HESM) is viewed as a solid investment due to its new drilling plans and stable business model. The company’s strong contract structures and minimum volume commitments through 2033 make it an attractive choice for investors looking for guaranteed revenue.

Hess Midstream LP (NYSE:HESM) is a Texas-based operator of midstream assets, offering fee-based services to Hess and third-party customers. With a focus on safety and environmental standards, the company operates in three main segments: Gathering, Processing and Storage, and Terminaling and Export.

While Hess Midstream LP (NYSE:HESM) shows promise as an investment, some believe that certain AI stocks may offer greater potential and less risk. Investors seeking opportunities in the AI sector can explore undervalued options that stand to benefit from current economic trends.

Read more at Yahoo Finance: Eagle Global Advisors Makes Hess Midstream LP (HESM) its 4th Largest Holding