Hess Co. (NYSE:HES) Position Increased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH increased its stake in shares of Hess Co. (NYSE:HES - Free Report) by 449.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,497 shares of the oil and gas producer's stock after buying an additional 7,769 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Hess were worth $1,263,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp acquired a new stake in shares of Hess in the 4th quarter worth about $25,000. Sierra Ocean LLC bought a new position in Hess in the 4th quarter worth about $27,000. Millstone Evans Group LLC acquired a new stake in shares of Hess in the fourth quarter valued at approximately $33,000. Rialto Wealth Management LLC bought a new stake in shares of Hess during the fourth quarter valued at approximately $37,000. Finally, Zions Bancorporation N.A. boosted its position in shares of Hess by 225.6% during the fourth 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. 88.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Hess news, CEO John B. Hess sold 175,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $159.30, for a total transaction of $27,877,500.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HES has been the topic of several recent analyst reports. Mizuho cut their target price on Hess from $193.00 to $191.00 and set a "neutral" rating on the stock in a research note on Tuesday. Scotiabank cut their price objective on shares of Hess from $164.00 to $146.58 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Susquehanna decreased their target price on shares of Hess from $160.00 to $136.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. UBS Group dropped their price target on shares of Hess from $170.00 to $163.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Piper Sandler reduced their price target on shares of Hess from $151.00 to $147.00 and set an "overweight" rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Hess presently has an average rating of "Moderate Buy" and an average price target of $162.16.

Hess Stock Down 0.2%

NYSE HES opened at $134.86 on Friday. Hess Co. has a 12 month low of $123.79 and a 12 month high of $161.69. The company has a market capitalization of $41.71 billion, a P/E ratio of 14.98 and a beta of 0.61. The company's 50 day simple moving average is $139.25 and its 200 day simple moving average is $141.34. 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 (NYSE:HES - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.14). Hess had a net margin of 21.27% and a return on equity of 26.32%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the company posted $3.16 EPS. Hess's quarterly revenue was down 12.1% on a year-over-year basis. Equities research analysts expect 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. Stockholders of record on Monday, June 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, June 16th. Hess's dividend payout ratio (DPR) is presently 27.66%.

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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