DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $1.36 Million Position in Hess Co. (NYSE:HES)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in Hess Co. (NYSE:HES - Free Report) by 46.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,248 shares of the oil and gas producer's stock after selling 8,979 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Hess were worth $1,363,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HES. Checchi Capital Advisers LLC boosted its stake in shares of Hess by 3.5% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,154 shares of the oil and gas producer's stock valued at $287,000 after purchasing an additional 72 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Hess by 1.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,971 shares of the oil and gas producer's stock worth $528,000 after buying an additional 73 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in Hess by 5.3% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,682 shares of the oil and gas producer's stock worth $224,000 after buying an additional 85 shares during the period. Howard Capital Management Inc. boosted its position in Hess by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 1,809 shares of the oil and gas producer's stock worth $241,000 after buying an additional 90 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Hess by 18.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 629 shares of the oil and gas producer's stock worth $84,000 after buying an additional 96 shares during the period. 88.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

HES has been the topic of several recent research reports. Scotiabank cut their target price on shares of 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 assumed coverage on shares of Hess in a report on Monday, May 5th. They set a "hold" rating for the company. UBS Group lowered their price target on shares of Hess from $170.00 to $163.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Susquehanna lowered their price target on shares of Hess from $160.00 to $136.00 and set a "neutral" rating for the company in a 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $164.46.

Hess Stock Performance

NYSE:HES opened at $132.06 on Monday. The company has a fifty day moving average of $140.25 and a 200-day moving average of $141.46. The firm has a market capitalization of $40.85 billion, a P/E ratio of 14.67 and a beta of 0.61. 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 Co. has a twelve month low of $123.79 and a twelve month high of $161.69.

Hess (NYSE:HES - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.14). The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Hess had a net margin of 21.27% and a return on equity of 26.32%. The business's revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.16 EPS. As a group, sell-side analysts anticipate that Hess Co. will post 8.08 EPS for the current year.

Hess Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.51%. Hess's dividend payout ratio is currently 27.66%.

Insider Activity

In other Hess news, CEO John B. Hess sold 175,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $159.30, for a total transaction of $27,877,500.00. Following the completion of the sale, the chief executive officer now owns 2,384,679 shares in the company, 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 SEC, which can be accessed through the SEC website. 9.10% of the stock is currently owned by company insiders.

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.

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