Hess Co. (NYSE:HES) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in Hess Co. (NYSE:HES - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,609 shares of the oil and gas producer's stock after buying an additional 7,935 shares during the period. Quantinno Capital Management LP's holdings in Hess were worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its stake in 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 worth $287,000 after buying an additional 72 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Hess by 1.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,971 shares of the oil and gas producer's stock worth $528,000 after acquiring an additional 73 shares during the period. Moss Adams Wealth Advisors LLC increased 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 valued at $224,000 after purchasing an additional 85 shares during the period. Howard Capital Management Inc. grew its stake in Hess by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 1,809 shares of the oil and gas producer's stock valued at $241,000 after purchasing an additional 90 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Hess by 18.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 629 shares of the oil and gas producer's stock worth $84,000 after purchasing an additional 96 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors.

Hess Stock Performance

HES traded down $0.78 during trading on Tuesday, reaching $132.01. The company's stock had a trading volume of 1,603,250 shares, compared to its average volume of 1,803,810. The company has a market capitalization of $40.83 billion, a price-to-earnings ratio of 14.67 and a beta of 0.61. Hess Co. has a 52-week low of $123.79 and a 52-week high of $161.69. The company's fifty day moving average price is $138.80 and its 200-day moving average price is $141.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.12.

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

Hess Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.52%. Hess's dividend payout ratio is presently 27.66%.

Analyst Ratings Changes

Several brokerages have commented on HES. Susquehanna decreased their price objective on shares of Hess from $160.00 to $136.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler dropped their target price on Hess from $151.00 to $147.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Scotiabank decreased 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 initiated coverage on shares of Hess in a report on Tuesday, May 13th. They set a "hold" rating on the stock. Finally, UBS Group lowered their target price on shares of Hess from $170.00 to $163.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Hess presently has an average rating of "Moderate Buy" and a consensus price target of $162.16.

Insider Buying and Selling at Hess

In other Hess news, CEO John B. Hess sold 175,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $159.30, for a total value of $27,877,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,384,679 shares of the company's stock, valued at $379,879,364.70. This represents a 6.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.10% of the stock is owned by company insiders.

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.