IFM Investors Pty Ltd Has $2.79 Million Position in Hess Co. (NYSE:HES)

IFM Investors Pty Ltd increased its position in Hess Co. (NYSE:HES) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,717 shares of the oil and gas producer’s stock after buying an additional 200 shares during the quarter. IFM Investors Pty Ltd’s holdings in Hess were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Covington Capital Management acquired a new stake in Hess during the 2nd quarter valued at approximately $33,000. Key Financial Inc increased its position in Hess by 616.2% during the 2nd quarter. Key Financial Inc now owns 1,017 shares of the oil and gas producer’s stock valued at $78,000 after purchasing an additional 875 shares during the period. O Shaughnessy Asset Management LLC increased its position in Hess by 519.9% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 967 shares of the oil and gas producer’s stock valued at $84,000 after purchasing an additional 811 shares during the period. FORA Capital LLC acquired a new stake in Hess during the 2nd quarter valued at approximately $103,000. Finally, Berman Capital Advisors LLC increased its position in Hess by 18.1% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,226 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 188 shares during the period. 81.71% of the stock is owned by institutional investors.

Shares of HES stock opened at $81.65 on Thursday. The stock has a market capitalization of $25.29 billion, a PE ratio of 129.61 and a beta of 2.02. Hess Co. has a 1-year low of $46.88 and a 1-year high of $92.79. The business has a 50-day moving average of $82.25 and a 200 day moving average of $80.02. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.42 and a quick ratio of 1.32.

Hess (NYSE:HES) last released its quarterly earnings results on Wednesday, October 27th. The oil and gas producer reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.52 billion. Hess had a net margin of 2.92% and a return on equity of 3.66%. The company’s revenue for the quarter was up 54.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.71) EPS. Analysts anticipate that Hess Co. will post 2.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Tuesday, September 14th. Hess’s payout ratio is 158.73%.

HES has been the topic of several research reports. Mizuho upped their price objective on shares of Hess from $116.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 26th. Credit Suisse Group increased their target price on shares of Hess from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, July 29th. Morgan Stanley increased their target price on shares of Hess from $115.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, November 19th. The Goldman Sachs Group reissued a “buy” rating and set a $118.00 target price (up from $106.00) on shares of Hess in a research report on Thursday, October 21st. Finally, Citigroup cut their price objective on shares of Hess from $102.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, September 9th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $99.13.

In other news, COO Gregory P. Hill sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $72.04, for a total value of $1,080,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.79% of the stock is currently owned by corporate insiders.

Hess Profile

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream.

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Institutional Ownership by Quarter for Hess (NYSE:HES)

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