CIBC Private Wealth Group Boosts Stake in Hess Midstream Partners

Institutional investor increases ownership in midstream energy company by over 60%

Mar. 19, 2026 at 8:24am

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CIBC Private Wealth Group LLC, an institutional investor, has increased its stake in Hess Midstream Partners LP (NYSE: HESM) by 62.8% during the third quarter. The firm now owns 1,688,612 shares, or about 0.81% of the company's stock, valued at $58.3 million.

Why it matters

Hess Midstream Partners is a key player in the Bakken Shale region, operating critical midstream infrastructure like crude oil gathering and transportation systems, natural gas processing plants, and produced water disposal facilities. CIBC's increased investment signals confidence in the company's long-term growth prospects.

The details

According to a regulatory filing, CIBC Private Wealth Group acquired an additional 651,329 shares of Hess Midstream Partners during the third quarter, bringing its total position to 1,688,612 shares. This represents about 0.81% of the company's outstanding stock. Hess Midstream Partners provides midstream services to producers in the Williston Basin, primarily in North Dakota and Montana.

  • CIBC Private Wealth Group increased its stake in Hess Midstream Partners during the third quarter of 2026.

The players

CIBC Private Wealth Group LLC

An institutional investor and subsidiary of Canadian Imperial Bank of Commerce (CIBC), one of the largest banks in Canada.

Hess Midstream Partners LP

A midstream energy company that owns and operates crude oil, natural gas, and produced water infrastructure in the Williston Basin.

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The takeaway

CIBC's increased investment in Hess Midstream Partners reflects confidence in the company's ability to capitalize on continued activity in the Bakken Shale region, a key North American oil and gas production area.