Teza Capital Management LLC Has $4.05 Million Stock Position in Hess Co. (NYSE:HES)

Teza Capital Management LLC raised its position in Hess Co. (NYSE:HES - Free Report) by 47.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,478 shares of the oil and gas producer's stock after buying an additional 9,758 shares during the period. Hess comprises approximately 0.6% of Teza Capital Management LLC's holdings, making the stock its 27th largest holding. Teza Capital Management LLC's holdings in Hess were worth $4,054,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp bought a new position in Hess in the 4th quarter valued at $25,000. Sierra Ocean LLC acquired a new position in shares of Hess in the 4th quarter valued at $27,000. Millstone Evans Group LLC acquired a new position in shares of Hess in the 4th quarter valued at $33,000. Rialto Wealth Management LLC acquired a new position in shares of Hess in the 4th quarter valued at $37,000. Finally, Zions Bancorporation N.A. lifted its stake 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 valued at $39,000 after purchasing an additional 203 shares during the period. 88.51% of the stock is currently owned by institutional investors.

Hess Stock Down 0.6%

HES stock traded down $0.78 during trading hours on Tuesday, reaching $132.01. 1,603,250 shares of the stock were exchanged, compared to its average volume of 1,803,810. The firm's 50-day moving average is $138.80 and its 200-day moving average is $141.33. The company has a market cap of $40.83 billion, a price-to-earnings ratio of 14.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 1.13. Hess Co. has a 12 month low of $123.79 and a 12 month high of $161.69.

Hess (NYSE:HES - Get Free Report) last released 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 firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Hess had a return on equity of 26.32% and a net margin of 21.27%. Hess's revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the company posted $3.16 EPS. On average, equities research analysts expect that Hess Co. will post 8.08 earnings per share for the current year.

Hess Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, June 16th. Hess's dividend payout ratio (DPR) is presently 27.66%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on Hess from $170.00 to $163.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. StockNews.com assumed coverage on Hess in a research note on Tuesday, May 13th. They issued a "hold" rating on the stock. Scotiabank cut their price target on Hess from $164.00 to $146.58 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Mizuho cut their price target on Hess from $193.00 to $191.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Susquehanna dropped their price objective on Hess from $160.00 to $136.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Hess currently has an average rating of "Moderate Buy" and a consensus price target of $162.16.

Insiders Place Their Bets

In related news, CEO John B. Hess sold 175,000 shares of Hess stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.10% of the company's stock.

Hess Company 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.