2 weeks Ago By Defense World Staff
Earnest Partners LLC reduced its position in shares of Hess Co. ( NYSE:HES – Free Report ) by 3.4% in the second quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 108,511 shares of the oil and gas producer’s stock after selling 3,820 shares during the quarter. Earnest Partners LLC’s holdings in Hess were worth $16,008,000 at the end of the most recent quarter. Several other large investors have also bought and sold shares of the company.
Vanguard Group Inc. raised its holdings in Hess by 0.9% in the 1st quarter.
Vanguard Group Inc. now owns 32,126,526 shares of the oil and gas producer’s stock worth $4,903,793,000 after acquiring an additional 294,146 shares during the last quarter. Primecap Management Co.
CA increased its holdings in shares of Hess by 4.4% in the 2nd quarter. Primecap Management Co.
CA now owns 8,098,012 shares of the oil and gas producer’s stock worth $1,194,619,000 after purchasing an additional 340,490 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hess by 34.5% in the second quarter.
Bank of New York Mellon Corp now owns 2,835,486 shares of the oil and gas producer’s stock worth $418,291,000 after purchasing an additional 726,631 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hess by 11.2% during the second quarter.
Dimensional Fund Advisors LP now owns 1,798,788 shares of the oil and gas producer’s stock valued at $265,359,000 after purchasing an additional 181,459 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Hess by 45.6% during the second quarter.
Marshall Wace LLP now owns 1,794,087 shares of the oil and gas producer’s stock valued at $264,664,000 after buying an additional 561,832 shares during the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes HES has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Hess from $160.00 to $145.
00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Scotiabank dropped their target price on shares of Hess from $165.00 to $157.
00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. BMO Capital Markets lowered shares of Hess to an “overweight” rating and decreased their target price for the company from $175.00 to $160.
00 in a research note on Monday, August 19th. Piper Sandler dropped their price target on Hess from $173.00 to $167.
00 in a research note on Friday, September 13th. Finally, Susquehanna reduced their price objective on Hess from $151.00 to $149.
00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.
com, the stock currently has an average rating of “Hold” and an average price target of $171.31. Hess Stock Down 1.
2 % HES stock opened at $130.67 on Friday. The business’s 50-day moving average price is $137.
12 and its 200-day moving average price is $146.80. The stock has a market cap of $40.
26 billion, a P/E ratio of 20.01 and a beta of 1.15.
Hess Co. has a twelve month low of $123.79 and a twelve month high of $167.
75. The company has a quick ratio of 1.14, a current ratio of 1.
27 and a debt-to-equity ratio of 0.78. Hess ( NYSE:HES – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 31st.
The oil and gas producer reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.
14. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.
24 billion. Hess had a net margin of 21.22% and a return on equity of 27.
43%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis.
During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts forecast that Hess Co.
will post 10.46 EPS for the current year. Hess Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th.
Shareholders of record on Monday, September 16th will be paid a $0.50 dividend. This represents a $2.
00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, September 16th.
This is a positive change from Hess’s previous quarterly dividend of $0.44. Hess’s dividend payout ratio is presently 30.
63%. 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. Read More Five stocks we like better than Hess Buy P&G Now, Before It Sets A New All-Time High Rocket Lab Stock Soars: Should Investors Chase the Rally? Why Understanding Call Option Volume is Essential to Successful Options Trading KB Home Slips After Earnings: What’s Next for Homebuilders? What is an Earnings Surprise? Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding HES? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Hess Co. ( NYSE:HES – Free Report ). 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.
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