Hess Co. (NYSE:HES) Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its stake in shares of Hess Co. (NYSE:HES) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 850,695 shares of the oil and gas producer’s stock after selling 17,402 shares during the period. Keybank National Association OH’s holdings in Hess were worth $113,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. HBK Investments L P grew its stake in shares of Hess by 16.7% in the 3rd quarter. HBK Investments L P now owns 7,117,820 shares of the oil and gas producer’s stock valued at $966,600,000 after buying an additional 1,017,720 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Hess by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 6,537,162 shares of the oil and gas producer’s stock worth $884,709,000 after acquiring an additional 74,085 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Hess by 58.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,753,126 shares of the oil and gas producer’s stock worth $509,675,000 after buying an additional 1,391,311 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Hess by 31.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,318,822 shares of the oil and gas producer’s stock worth $450,696,000 after buying an additional 785,270 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted 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 buying an additional 927,093 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Hess Price Performance

Shares of NYSE HES opened at $143.83 on Tuesday. Hess Co. has a twelve month low of $123.79 and a twelve month high of $163.98. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $44.32 billion, a price-to-earnings ratio of 15.98 and a beta of 1.17. The firm has a 50-day moving average of $142.93 and a two-hundred day moving average of $139.75.

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

Hess Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 1.39%. Hess’s dividend payout ratio (DPR) is presently 22.22%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of Hess in a report on Sunday. They issued a “hold” rating on the stock. Pickering Energy Partners raised shares of Hess to a “hold” rating in a research report on Friday, January 3rd. Wells Fargo & Company upgraded shares of Hess from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $151.00 to $193.00 in a research note on Monday, December 9th. Citigroup raised their price objective on shares of Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, UBS Group lifted their target price on shares of Hess from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hess has a consensus rating of “Moderate Buy” and a consensus target price of $170.60.

About Hess

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.