Hess Corporation (NYSE:HES) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in shares of Hess Corporation (NYSE:HES - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 549,566 shares of the oil and gas producer's stock after purchasing an additional 2,171 shares during the quarter. Calamos Advisors LLC owned 0.18% of Hess worth $87,782,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. J.Safra Asset Management Corp purchased a new position in Hess during the 4th quarter valued at $25,000. Global X Japan Co. Ltd. boosted its holdings in Hess by 106.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 200 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 103 shares during the period. Millstone Evans Group LLC purchased a new position in Hess during the 4th quarter valued at $33,000. Rialto Wealth Management LLC purchased a new position in Hess during the 4th quarter valued at $37,000. Finally, Zions Bancorporation N.A. lifted its holdings in shares of Hess by 225.6% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the oil and gas producer's stock worth $39,000 after buying an additional 203 shares during the period. Hedge funds and other institutional investors own 88.51% of the company's stock.

Hess Stock Down 0.8%

HES stock traded down $1.11 during trading on Friday, reaching $142.42. 696,543 shares of the company traded hands, compared to its average volume of 1,806,686. Hess Corporation has a 12 month low of $123.79 and a 12 month high of $161.69. The business has a 50 day simple moving average of $135.68 and a 200 day simple moving average of $139.97. The company has a market capitalization of $44.05 billion, a price-to-earnings ratio of 19.70 and a beta of 0.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 1.08.

Hess (NYSE:HES - Get Free Report) last released its quarterly 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). Hess had a net margin of 17.65% and a return on equity of 21.78%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter last year, the business posted $3.16 earnings per share. The company's quarterly revenue was down 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that Hess Corporation will post 8.08 earnings per share for the current fiscal year.

Hess Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Monday, June 16th. Hess's dividend payout ratio (DPR) is presently 27.66%.

Insider Buying and Selling

In other Hess news, CEO John B. Hess sold 250,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $136.01, for a total value of $34,002,500.00. Following the completion of the sale, the chief executive officer directly owned 1,734,679 shares in the company, valued at approximately $235,933,690.79. This trade represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.10% of the company's stock.

Analyst Upgrades and Downgrades

HES has been the subject of several research reports. Susquehanna lowered their target price on Hess from $160.00 to $136.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Scotiabank lowered their price target on shares of Hess from $164.00 to $146.58 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company dropped their price objective on shares of Hess from $193.00 to $184.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. UBS Group boosted their price objective on shares of Hess from $163.00 to $173.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Mizuho dropped their target price on Hess from $193.00 to $191.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $162.86.

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.