Mackenzie Financial Corp Has $6.07 Million Holdings in Hess Co. (NYSE:HES)

Mackenzie Financial Corp raised its position in Hess Co. (NYSE:HESGet Rating) by 9.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 57,339 shares of the oil and gas producer’s stock after acquiring an additional 4,960 shares during the period. Mackenzie Financial Corp’s holdings in Hess were worth $6,074,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HES. HM Payson & Co. grew its stake in Hess by 880.0% in the first quarter. HM Payson & Co. now owns 245 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 220 shares during the period. Field & Main Bank purchased a new position in shares of Hess during the second quarter valued at approximately $26,000. Washington Trust Advisors Inc. purchased a new position in shares of Hess during the first quarter valued at approximately $28,000. Versant Capital Management Inc purchased a new position in shares of Hess during the second quarter valued at approximately $34,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Hess by 170.6% during the second quarter. Jones Financial Companies Lllp now owns 322 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 203 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Buying and Selling at Hess

In other news, SVP Geurt G. Schoonman sold 12,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $123.73, for a total transaction of $1,484,760.00. Following the transaction, the senior vice president now directly owns 26,391 shares of the company’s stock, valued at approximately $3,265,358.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Gregory P. Hill sold 53,851 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $143.45, for a total transaction of $7,724,925.95. Following the completion of the transaction, the chief operating officer now owns 78,434 shares in the company, valued at $11,251,357.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Geurt G. Schoonman sold 12,000 shares of Hess stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $123.73, for a total value of $1,484,760.00. Following the completion of the transaction, the senior vice president now owns 26,391 shares of the company’s stock, valued at approximately $3,265,358.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,270 shares of company stock worth $14,755,556. Insiders own 9.93% of the company’s stock.

Analyst Ratings Changes

HES has been the topic of several analyst reports. StockNews.com initiated coverage on Hess in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Susquehanna lifted their target price on Hess from $144.00 to $166.00 in a research report on Thursday, October 27th. JPMorgan Chase & Co. dropped their price target on Hess from $149.00 to $146.00 in a report on Tuesday, October 4th. Jefferies Financial Group began coverage on Hess in a report on Wednesday, October 19th. They set a “hold” rating and a $140.00 price target on the stock. Finally, Citigroup lifted their price target on Hess from $110.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, September 21st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.46.

Hess Stock Down 1.8 %

Shares of NYSE:HES opened at $143.99 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.66 and a current ratio of 1.78. The firm has a market capitalization of $44.39 billion, a P/E ratio of 23.96 and a beta of 1.60. The stock has a 50 day moving average price of $129.83 and a 200-day moving average price of $118.37. Hess Co. has a 52-week low of $68.32 and a 52-week high of $149.83.

Hess Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were paid a dividend of $0.375 per share. The ex-dividend date was Friday, September 16th. This represents a $1.50 annualized dividend and a yield of 1.04%. Hess’s dividend payout ratio is 24.96%.

Hess Company Profile

(Get Rating)

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.

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Institutional Ownership by Quarter for Hess (NYSE:HES)

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