Published: Sat, March 24, 2018
Business | By Tara Barton

Featured Stock Overview: Hess Corporation (NYSE:HES)

Mitchell Group Inc. owned approximately 0.12% of Hess worth $18,611,000 at the end of the most recent quarter. Tower Research Capital LLC TRC now owns 2,651 shares of the oil and gas producer's stock valued at $126,000 after buying an additional 2,172 shares during the period. FDx Advisors Inc. purchased a new stake in shares of Hess during the third quarter valued at $261,000. Icon Wealth Partners LLC acquired a new position in shares of Hess in the 4th quarter worth approximately $145,000. Finally, Exane Derivatives increased its position in shares of Hess by 65.2% in the fourth quarter. Institutional investors and hedge funds own 92.38% of the company's stock. Moreover, Stifel Corporation has 0% invested in Hess Corporation (NYSE:HES) for 18,045 shares. 516 Hess Corporation (NYSE:HES) shares with value of $25,016 were bought by Meyers Kevin Omar. Price Michael F who had been investing in Hess Corporation for a number of months, seems to be less bullish one the $15.85B market cap company. Credit Suisse Group initiated coverage on Hess in a report on Monday, December 11th. The stock of Hess Corporation (NYSE:HES) has "Neutral" rating given on Thursday, April 7 by Citigroup. Piper Jaffray Companies reaffirmed a "buy" rating and set a $52.00 price objective on shares of Hess in a report on Friday, February 23rd. Barclays set a $47.00 price target on Hess and gave the company a hold rating in a report on Sunday, March 4th. Finally, Macquarie started coverage on Hess in a research report on Wednesday, January 17th. They set an "underperform" rating and a $38.00 target price for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company's stock. The stock was sold at an average price of $44.43, for a total transaction of $280,442.16. Hrt Financial Llc bought 10,918 shares as the company's stock rose 5.12% with the market. Noting its average daily volume at 1.7 million shares each day over the month, this signifies a pretty significant change over the norm. Following the sale, the chief operating officer now directly owns 90,600 shares of the company's stock, valued at approximately $4,352,424.

In related news, CEO John B. Hess sold 93,712 shares of the company's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $44.43, for a total transaction of $161,147.61. Following the transaction, the senior vice president now owns 99,555 shares of the company's stock, valued at approximately $4,423,228.65. The disclosure for this sale can be found here. Morgan Stanley has 1.52M shares for 0.02% of their portfolio. The stock has "Outperform" rating by Wolfe Research on Tuesday, April 11.

Over the past 50 days, Hess Corporation stock was -9.26% off of the high and 24.70% removed from the low. The stock decreased 1.16% or $0.59 during the last trading session, reaching $50.1. The company's stock had a trading volume of 3,635,527 shares, compared to its average volume of 4,661,542. The company saw 2.42 million shares trade hands over the course of the day. Hess Corp. The company has a quick ratio of 2.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.52.

HESS JOHN B also sold $4.15M worth of Hess Corporation (NYSE:HES) on Thursday, February 8. The Solaris Asset Management Llc holds 22,147 shares with $1.04M value, down from 48,430 last quarter. The Return on Equity (ROE) and Return on Investment (ROI) values are 9.5 percent and 3.2 percent respectively. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.32 billion. After $-1.01 actual EPS reported by Hess Corporation for the previous quarter, Wall Street now forecasts -46.53% EPS growth. Central Securities Corp bought 240,000 shares as the company's stock declined 5.45% while stock markets rallied.

A number of other research analysts have also weighed in on HES. Stockholders of record on Monday, March 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, March 16th. Key Gp Holding (Cayman) Limited has invested 7.01% of its portfolio in Hess Corporation (NYSE:HES).

The NuStar GP's (NSH) Neutral Rating Reiterated at B. Riley
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. Renaissance Technology Limited Liability Corporation invested 0% of its portfolio in NuStar GP Holdings, LLC (NYSE: NSH ).

On THURSDAY trading session, Hess Corporation (HES) obtained negative focus on shares from Traders. The institutional investor owned 876,756 shares of the oil and gas producer's stock after selling 181,853 shares during the period. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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Solaris Asset Management Llc decreased Hess Corp (HES) stake by 54.27% reported in 2017Q3 SEC filing. Hess Corporation (NYSE:HES) has declined 14.55% since March 22, 2017 and is downtrending.

Investors also need to beware of the Raytheon Company (NYSE:RTN) valuations. The Company's segments include Exploration and Production, and Bakken Midstream. Exane Derivatives now owns 3,536 shares of the oil and gas producer's stock worth $168,000 after purchasing an additional 1,395 shares during the period.

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