Tudor Investment Corp ET AL Grows Stock Position in Hess Co. (NYSE:HES)

Tudor Investment Corp ET AL raised its holdings in shares of Hess Co. (NYSE:HES) by 314.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 431,682 shares of the oil and gas producer’s stock after purchasing an additional 327,424 shares during the period. Hess accounts for approximately 0.2% of Tudor Investment Corp ET AL’s investment portfolio, making the stock its 16th largest holding. Tudor Investment Corp ET AL’s holdings in Hess were worth $57,418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Hess by 46.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,930,509 shares of the oil and gas producer’s stock valued at $389,787,000 after purchasing an additional 927,093 shares during the last quarter. Symmetry Investments LP grew its holdings in shares of Hess by 154.1% during the fourth quarter. Symmetry Investments LP now owns 1,381,076 shares of the oil and gas producer’s stock worth $183,697,000 after buying an additional 837,662 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Hess by 6.5% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 11,438,985 shares of the oil and gas producer’s stock valued at $1,521,499,000 after buying an additional 698,866 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Hess by 183.3% during the fourth quarter. Bank of Nova Scotia now owns 594,425 shares of the oil and gas producer’s stock valued at $79,064,000 after buying an additional 384,595 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Hess by 16.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,616,574 shares of the oil and gas producer’s stock worth $347,984,000 after acquiring an additional 360,344 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Wall Street Analyst Weigh In

HES has been the topic of a number of recent analyst reports. StockNews.com began coverage on Hess in a research note on Sunday. They set a “hold” rating on the stock. UBS Group reduced their target price on Hess from $170.00 to $163.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Scotiabank lowered their price target on Hess from $164.00 to $146.58 and set a “sector perform” rating for the company in a report on Friday, April 11th. Pickering Energy Partners upgraded shares of Hess to a “hold” rating in a report on Friday, January 3rd. Finally, Susquehanna decreased their target price on shares of Hess from $160.00 to $136.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $164.46.

Hess Trading Up 0.0 %

Shares of HES stock opened at $132.43 on Monday. Hess Co. has a fifty-two week low of $123.79 and a fifty-two week high of $163.98. The firm’s 50 day moving average price is $143.54 and its two-hundred day moving average price is $142.00. The stock has a market cap of $40.83 billion, a price-to-earnings ratio of 14.71 and a beta of 0.88. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.72.

Hess (NYSE:HES) last posted its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%. On average, analysts anticipate that Hess Co. will post 8.08 EPS for the current year.

Hess Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. Hess’s dividend payout ratio (DPR) is currently 22.22%.

Insider Activity at Hess

In other Hess news, CEO John B. Hess sold 175,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $159.30, for a total value of $27,877,500.00. Following the completion of the transaction, the chief executive officer now owns 2,384,679 shares in the company, valued at $379,879,364.70. This represents a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.10% of the company’s stock.

Hess Profile

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.