Prime Capital Investment Advisors LLC Acquires Shares of 2,431 Hess Co. (NYSE:HES)

Prime Capital Investment Advisors LLC acquired a new stake in Hess Co. (NYSE:HES) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,431 shares of the oil and gas producer’s stock, valued at approximately $350,000.

Other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in Hess in the 3rd quarter valued at $26,000. KB Financial Partners LLC purchased a new position in shares of Hess during the 1st quarter valued at $26,000. Sound Income Strategies LLC purchased a new position in shares of Hess during the 4th quarter valued at $29,000. Larson Financial Group LLC purchased a new position in shares of Hess during the 3rd quarter valued at $30,000. Finally, IMA Wealth Inc. purchased a new position in shares of Hess during the 2nd quarter valued at $30,000. Institutional investors own 88.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com assumed coverage on Hess in a research report on Tuesday. They set a “sell” rating on the stock. Piper Sandler upped their price target on Hess from $169.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Mizuho upped their price target on Hess from $200.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, Susquehanna upped their price target on Hess from $152.00 to $156.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $176.67.

Hess Stock Down 2.8 %

Shares of NYSE HES opened at $153.23 on Friday. Hess Co. has a 52 week low of $124.27 and a 52 week high of $167.75. The business has a 50-day simple moving average of $149.28 and a two-hundred day simple moving average of $146.90. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The company has a market cap of $47.21 billion, a P/E ratio of 34.05 and a beta of 1.27.

Hess (NYSE:HES) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.76 billion. Hess had a return on equity of 17.00% and a net margin of 12.98%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.78 EPS. Research analysts anticipate that Hess Co. will post 7.97 earnings per share for the current fiscal year.

Hess Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a dividend of $0.4375 per share. The ex-dividend date was Friday, March 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.14%. Hess’s dividend payout ratio (DPR) is presently 38.89%.

Insider Activity

In other news, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $153,480.24. Following the completion of the sale, the senior vice president now owns 50,215 shares in the company, valued at approximately $7,257,071.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $153,480.24. Following the completion of the sale, the senior vice president now owns 50,215 shares in the company, valued at approximately $7,257,071.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy B. Goodell sold 2,701 shares of Hess stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $144.52, for a total value of $390,348.52. Following the sale, the executive vice president now owns 162,144 shares of the company’s stock, valued at approximately $23,433,050.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,798 shares of company stock worth $22,811,166. 9.93% of the stock is currently owned by insiders.

Hess Profile

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.