---
title: "Citi sees no near-term catalysts for Hess Midstream, downgrades to 'neutral'"
description: "Citigroup has downgraded Hess Midstream from buy to neutral, lowering its price target from $42 to $41. The brokerage cites the company's growth outlook as reliant on Chevron's plans for the Bakken oi"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/256925025.md"
published_at: "2025-09-11T12:12:51.000Z"
---

# Citi sees no near-term catalysts for Hess Midstream, downgrades to 'neutral'

> Citigroup has downgraded Hess Midstream from buy to neutral, lowering its price target from $42 to $41. The brokerage cites the company's growth outlook as reliant on Chevron's plans for the Bakken oil field. Depending on Chevron's strategy, Hess Midstream could see varying impacts on its buyback and dividend growth. Currently, four out of six brokerages have a hold rating on the stock, with a median price target of $48. Year-to-date, Hess Midstream's stock has risen 6.7%, compared to the S&P 500's 11% increase.

\*\* Brokerage Citigroup downgrades Hess Midstream to neutral from buy and cut its price target to $41 from $42

\*\* Citi says co's growth outlook dependent on Chevron’s plan for Bakken oil field

\*\* HESM provides fee-based services mainly to Chevron's recently acquired HES Corp

\*\* Brokerage says CVX could either maintain status quo, scale back in Bakken or simplify HESM's structure at oil field - all three have different impacts on Hess Midstream

\*\* If CVX maintains similar development plan, HESM could buyback about 5% of its market cap each year and grow dividend 10% annually

\*\* In a reduced production scenario, co to maintain at least 5% dividend

growth and steady, although diminished, level of buybacks

\*\* Four of the six brokerages covering stock, as per LSEG, have a hold rating with a median PT of $48

\*\* Up to last close stock had risen 6.7% YTD, vs. benchmark S&P 500's 11% rise

### Related Stocks

- [HESM.US - Hess Midstream Partners LP](https://longbridge.com/en/quote/HESM.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Oppenheimer & Co. Inc. Acquires 33,975 Shares of Hess Midstream Partners LP $HESM | Oppenheimer & Co. Inc. increased its holdings in Hess Midstream Partners LP by 598.7% in Q3, acquiring an additional 33, | [Link](https://longbridge.com/en/news/276003534.md) |
| Alps Advisors Inc. Has $1.01 Billion Stock Position in Hess Midstream Partners LP $HESM | Alps Advisors Inc. increased its stake in Hess Midstream Partners LP by 1.2% in Q3, owning 29,295,245 shares valued at $ | [Link](https://longbridge.com/en/news/275202721.md) |
| Insights into Hess Midstream's Upcoming Earnings | Hess Midstream (NYSE:HESM) is set to announce its quarterly earnings on February 2, 2026, with analysts estimating an EP | [Link](https://longbridge.com/en/news/274328636.md) |
| Northwestern Mutual Investment Management Company LLC Increases Stake in Chevron Corporation $CVX | Northwestern Mutual Investment Management Company LLC increased its stake in Chevron Corporation (NYSE:CVX) by 18.4% in  | [Link](https://longbridge.com/en/news/276055954.md) |
| Chevron Awarded Four Offshore Leases for Greece Exploration Blocks \| CVX Stock News | Chevron Corporation has signed Lease Agreements with the Hellenic Republic to explore four offshore blocks in Greece, en | [Link](https://longbridge.com/en/news/276055596.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.