Hess Co. (NYSE:HES) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in shares of Hess Co. (NYSE:HESFree Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,025 shares of the oil and gas producer’s stock after selling 75 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Hess were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HES. Alpine Associates Management Inc. purchased a new stake in shares of Hess in the fourth quarter worth about $237,100,000. Invesco Ltd. grew its position in Hess by 44.1% in the third quarter. Invesco Ltd. now owns 3,610,484 shares of the oil and gas producer’s stock valued at $552,404,000 after acquiring an additional 1,105,204 shares in the last quarter. FMR LLC raised its stake in shares of Hess by 2.4% during the third quarter. FMR LLC now owns 37,239,078 shares of the oil and gas producer’s stock valued at $5,697,579,000 after purchasing an additional 889,122 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Hess by 703.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,007,485 shares of the oil and gas producer’s stock worth $154,146,000 after purchasing an additional 882,045 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Hess by 19.9% in the 3rd quarter. Morgan Stanley now owns 2,951,451 shares of the oil and gas producer’s stock worth $451,572,000 after buying an additional 489,169 shares in the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Hess Trading Down 3.2 %

Shares of Hess stock opened at $149.22 on Tuesday. The business has a fifty day simple moving average of $155.42 and a 200-day simple moving average of $148.12. The firm has a market cap of $45.98 billion, a price-to-earnings ratio of 22.85 and a beta of 1.24. Hess Co. has a fifty-two week low of $129.05 and a fifty-two week high of $167.75. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.81.

Hess (NYSE:HESGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $3.16 earnings per share for the quarter, beating the consensus estimate of $1.73 by $1.43. Hess had a net margin of 17.41% and a return on equity of 22.73%. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 36.2% on a year-over-year basis. On average, equities analysts forecast that Hess Co. will post 9.55 EPS for the current fiscal year.

Hess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.75 annualized dividend and a dividend yield of 1.17%. Hess’s dividend payout ratio is currently 26.80%.

Insider Activity

In other news, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $144.52, for a total value of $153,480.24. Following the transaction, the senior vice president now directly owns 50,215 shares of the company’s stock, valued at $7,257,071.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Geurt G. Schoonman sold 13,921 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total value of $2,103,184.68. Following the completion of the sale, the senior vice president now owns 33,581 shares in the company, valued at $5,073,417.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $144.52, for a total value of $153,480.24. Following the transaction, the senior vice president now owns 50,215 shares in the company, valued at approximately $7,257,071.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,988 shares of company stock worth $3,702,588. Insiders own 9.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Hess from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Piper Sandler raised their target price on shares of Hess from $172.00 to $173.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. StockNews.com assumed coverage on Hess in a report on Tuesday. They set a “sell” rating for the company. Finally, Susquehanna raised their price target on Hess from $164.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hess has a consensus rating of “Hold” and an average target price of $178.08.

Read Our Latest Stock Report on HES

Hess Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Hess (NYSE:HES)

Receive News & Ratings for Hess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hess and related companies with MarketBeat.com's FREE daily email newsletter.