Hess Co. (NYSE:HES) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its holdings in Hess Co. (NYSE:HES) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,100 shares of the oil and gas producer’s stock after acquiring an additional 17,077 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Hess were worth $8,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Hess by 46.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,930,509 shares of the oil and gas producer’s stock worth $389,787,000 after purchasing an additional 927,093 shares during the period. Symmetry Investments LP increased its stake 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 during the period. Adage Capital Partners GP L.L.C. raised its holdings in 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 acquiring an additional 698,866 shares in the last quarter. TIG Advisors LLC lifted its stake in Hess by 101.2% in the fourth quarter. TIG Advisors LLC now owns 927,331 shares of the oil and gas producer’s stock worth $123,344,000 after acquiring an additional 466,518 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Hess by 183.3% in the 4th quarter. Bank of Nova Scotia now owns 594,425 shares of the oil and gas producer’s stock valued at $79,064,000 after purchasing an additional 384,595 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Hess Stock Performance

Shares of HES opened at $129.86 on Friday. The company’s 50 day simple moving average is $142.10 and its 200-day simple moving average is $141.74. Hess Co. has a 12-month low of $123.79 and a 12-month high of $161.69. The firm has a market cap of $40.17 billion, a PE ratio of 14.43 and a beta of 0.88. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Hess (NYSE:HES) last announced its earnings results on Wednesday, April 30th. The oil and gas producer reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Hess had a net margin of 21.27% and a return on equity of 26.32%. Hess’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.16 earnings per share. As a group, equities analysts predict that Hess Co. will post 8.08 EPS for the current year.

Hess Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 17th. Hess’s dividend payout ratio is presently 22.22%.

Insider Buying and Selling at Hess

In other Hess news, CEO John B. Hess sold 175,000 shares of Hess 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 sale, the chief executive officer now owns 2,384,679 shares of the company’s stock, valued at approximately $379,879,364.70. The trade was a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HES shares. Pickering Energy Partners raised shares of Hess to a “hold” rating in a research report on Friday, January 3rd. UBS Group lowered their price objective on Hess from $170.00 to $163.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Scotiabank cut their target price on Hess from $164.00 to $146.58 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. StockNews.com initiated coverage on Hess in a report on Sunday, April 27th. They issued a “hold” rating for the company. Finally, Susquehanna cut their price objective on shares of Hess from $160.00 to $136.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $164.46.

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.