2 weeks Ago By Defense World Staff
Kimelman & Baird LLC purchased a new position in shares of Hess Co. ( NYSE:HES – Free Report ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,000 shares of the oil and gas producer’s stock, valued at approximately $443,000.
A number of other hedge funds have also recently bought and sold shares of the stock. New Covenant Trust Company N.A.
bought a new position in shares of Hess during the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in Hess during the 1st quarter worth about $27,000. Riverview Trust Co bought a new position in shares of Hess in the first quarter worth about $36,000.
EverSource Wealth Advisors LLC lifted its position in shares of Hess by 47.6% during the first quarter. EverSource Wealth Advisors LLC now owns 273 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 88 shares in the last quarter.
Finally, Mather Group LLC. bought a new stake in shares of Hess during the first quarter valued at approximately $52,000. 88.
51% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth A number of brokerages have commented on HES. Citigroup decreased their price objective on Hess from $160.
00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Mizuho lowered their price objective on Hess from $210.
00 to $194.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Sanford C.
Bernstein upgraded shares of Hess from a “market perform” rating to an “outperform” rating and upped their target price for the company from $166.00 to $172.00 in a research report on Wednesday, July 17th.
Wolfe Research assumed coverage on shares of Hess in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company reduced their price target on Hess from $171.
00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $166.42. Hess Trading Up 2.
2 % HES opened at $133.61 on Monday. The stock has a market capitalization of $41.
17 billion, a P/E ratio of 20.46 and a beta of 1.15.
The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.
78. Hess Co. has a 12 month low of $123.
79 and a 12 month high of $167.75. The firm’s fifty day simple moving average is $136.
24 and its 200 day simple moving average is $146.58. Hess ( NYSE:HES – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 31st.
The oil and gas producer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.
14. Hess had a return on equity of 27.43% and a net margin of 21.
22%. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.
24 billion. During the same period in the prior year, the firm earned $0.65 earnings per share.
Hess’s revenue for the quarter was up 40.3% compared to the same quarter last year. As a group, research analysts anticipate that Hess Co.
will post 10.46 EPS for the current fiscal year. Hess Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th.
Stockholders of record on Monday, September 16th will be issued a $0.50 dividend. This represents a $2.
00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, September 16th.
This is an increase 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. Further Reading Five stocks we like better than Hess What Are Some of the Best Large-Cap Stocks to Buy? 3 Bargain Stocks Under $20 With Major Growth Potential Low PE Growth Stocks: Unlocking Investment Opportunities Top 5 ETFs to Own Now and Into 2025 Dividend Payout Ratio Calculator Watch These 3 Former Short-Squeeze Stocks for a Big Rally 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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