Hess Co. (NYSE:HES) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Hess Co. (NYSE:HESFree Report) by 24.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 66,362 shares of the oil and gas producer’s stock after purchasing an additional 12,915 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hess were worth $10,129,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HES. Rise Advisors LLC acquired a new stake in shares of Hess during the first quarter valued at $27,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Hess during the fourth quarter valued at $27,000. Sound Income Strategies LLC acquired a new stake in shares of Hess during the fourth quarter valued at $29,000. Cape Investment Advisory Inc. acquired a new stake in shares of Hess during the fourth quarter valued at $32,000. Finally, Riverview Trust Co acquired a new stake in shares of Hess during the first quarter valued at $36,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HES. Piper Sandler increased their price objective on Hess from $172.00 to $173.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Citigroup increased their price objective on Hess from $145.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Mizuho increased their target price on Hess from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Susquehanna increased their target price on Hess from $164.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, StockNews.com began coverage on Hess in a research report on Friday, June 28th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $177.83.

Check Out Our Latest Analysis on HES

Hess Stock Performance

Hess stock opened at $146.63 on Tuesday. The stock’s 50-day moving average is $151.22 and its 200-day moving average is $149.05. The company has a market cap of $45.18 billion, a price-to-earnings ratio of 22.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.23 and a quick ratio of 1.10. Hess Co. has a 12 month low of $131.61 and a 12 month high of $167.75.

Hess (NYSE:HESGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $1.43. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $2.98 billion. Hess had a return on equity of 22.73% and a net margin of 17.41%. The company’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS. Equities analysts anticipate that Hess Co. will post 10.28 earnings per share for the current year.

Hess Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.4375 per share. The ex-dividend date was Friday, June 14th. This represents a $1.75 annualized dividend and a dividend yield of 1.19%. Hess’s payout ratio is currently 26.80%.

Hess Company 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.

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Institutional Ownership by Quarter for Hess (NYSE:HES)

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