451 Shares in Hess Co. (NYSE:HES) Bought by CVA Family Office LLC

CVA Family Office LLC bought a new stake in Hess Co. (NYSE:HES) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 451 shares of the oil and gas producer’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Hess by 2.4% in the third quarter. FMR LLC now owns 37,239,078 shares of the oil and gas producer’s stock worth $5,697,579,000 after buying an additional 889,122 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hess by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,928,530 shares of the oil and gas producer’s stock worth $3,310,590,000 after acquiring an additional 667,979 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Hess by 4.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,790,382 shares of the oil and gas producer’s stock valued at $1,191,928,000 after acquiring an additional 303,942 shares during the period. Geode Capital Management LLC increased its stake in shares of Hess by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 5,728,515 shares of the oil and gas producer’s stock worth $756,386,000 after purchasing an additional 93,731 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Hess by 44.1% in the 3rd quarter. Invesco Ltd. now owns 3,610,484 shares of the oil and gas producer’s stock worth $552,404,000 after purchasing an additional 1,105,204 shares during the period. 88.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho boosted their price target on Hess from $200.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Piper Sandler increased their price objective on shares of Hess from $169.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Susquehanna lifted their target price on shares of Hess from $152.00 to $156.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. UBS Group cut their target price on Hess from $210.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Finally, StockNews.com assumed coverage on Hess in a report on Sunday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Hess currently has a consensus rating of “Hold” and an average target price of $175.23.

Insider Buying and Selling at Hess

In related news, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $144.52, for a total transaction of $153,480.24. Following the completion of the transaction, the senior vice president now directly owns 50,215 shares of the company’s stock, valued at approximately $7,257,071.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Hess news, SVP Geurt G. Schoonman sold 13,921 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total value of $2,103,184.68. Following the sale, the senior vice president now owns 33,581 shares in the company, valued at $5,073,417.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total value of $153,480.24. Following the sale, the senior vice president now owns 50,215 shares of the company’s stock, valued at $7,257,071.80. The disclosure for this sale can be found here. Insiders have sold 155,798 shares of company stock worth $22,811,166 over the last quarter. Insiders own 9.91% of the company’s stock.

Hess Stock Performance

Hess stock opened at $150.55 on Thursday. The company’s 50-day moving average price is $145.56 and its 200-day moving average price is $146.99. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The company has a market cap of $46.24 billion, a PE ratio of 33.46 and a beta of 1.27. Hess Co. has a twelve month low of $124.27 and a twelve month high of $167.75.

Hess (NYSE:HES) last issued its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Hess had a return on equity of 17.00% and a net margin of 12.98%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. On average, equities research analysts forecast that Hess Co. will post 7.44 EPS for the current fiscal year.

Hess Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Monday, March 18th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, March 15th. Hess’s payout ratio is 38.89%.

Hess Company 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.