Linscomb & Williams Inc. now owns 21,171 shares of the oil and gas producer's stock valued at $929,000 after purchasing an additional 71 shares during the last quarter. New York State Teachers Retirement Systems has invested 0.05% in Hess Corporation (NYSE:HES).
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Maryland Capital Management reported 0.11% of its portfolio in International Business Machines Corporation (NYSE:IBM). Capital World Investors now owns 6,811,400 shares of the oil and gas producer's stock valued at $298,816,000 after purchasing an additional 119,241 shares during the period. Alliancebernstein L.P. now owns 7,027,470 shares of the oil and gas producer's stock valued at $308,295,000 after purchasing an additional 416,608 shares during the period. Can lifted its stake in shares of Hess by 3.1% in the third quarter. Rhumbline Advisers lifted its holdings in shares of Hess by 19.1% during the 3rd quarter. Nordea Investment Management AB now owns 17,889 shares of the oil and gas producer's stock valued at $785,000 after purchasing an additional 141 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Hess Corporation by 143.5% in the fourth quarter. Hedge funds and other institutional investors own 89.73% of the company's stock.
A number of research firms recently issued reports on HES.
Currently, 11.33% of Hess Corporation (NYSE:HES) are owned by insiders with 91.07% six-month change in the insider ownership. The rating was maintained by Cowen & Co with "Hold" on Sunday, August 20. The firm has "Hold" rating by BMO Capital Markets given on Friday, September 1. Scotiabank set a $53.00 price objective on Hess Corporation and gave the stock a "buy" rating in a research report on Tuesday, May 16th. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has a consensus rating of "Hold" and an average price target of $51.79. Also, insider Brian D. Truelove sold 6,000 shares of the company's stock in a transaction on Monday, September 18th. The shares were sold at an average price of $42.53, for a total transaction of $255,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. More interesting news about Hess Corporation (NYSE:HES) were released by: Worldoil.com and their article: "Hess Corp. issues statement on impact from incident at Shell Enchilada platform" published on November 13, 2017 as well as Northjersey.com's news article titled: "Edgewater officials accused of corruption by developer seeking to build on ..." with publication date: December 08, 2017. The stock ended last trade at 7.64 a share and the price is up more than -49.97% so far this year. The disclosure for this sale can be found here. Finally, Bank of Nova Scotia raised its position in shares of Hess by 161.6% during the 2nd quarter. 2,262,227 shares of the company traded hands, compared to its average volume of 3,622,017. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.84 and a quick ratio of 1.68. Hess Corporation has a 12-month low of $37.25 and a 12-month high of $65.56.
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Hess (NYSE:HES) last announced its quarterly earnings results on Wednesday, October 25th. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hess had a negative return on equity of 9.30% and a negative net margin of 113.21%. During the same quarter in the previous year, the company posted ($1.12) earnings per share. sell-side analysts predict that Hess will post -4.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Highlander Cap Mngmt Llc invested in 0.54% or 15,150 shares. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. Hess's dividend payout ratio is now -4.95%. Zacks Investment Research lowered Hess from a "buy" rating to a "hold" rating in a report on Wednesday, November 8th. If you are reading this story on another site, it was copied illegally and republished in violation of USA & worldwide copyright & trademark laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/11/hess-corporation-hes-short-interest-update-2.html.
Hess Corporation Company Profile Hess Corporation is an exploration and production company.
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