Hess Co. (NYSE:HES) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC lifted its holdings in shares of Hess Co. (NYSE:HES - Free Report) by 101.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 577,500 shares of the oil and gas producer's stock after buying an additional 290,245 shares during the quarter. Calamos Advisors LLC owned about 0.19% of Hess worth $83,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HES. Victory Capital Management Inc. lifted its position in shares of Hess by 581.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,342,311 shares of the oil and gas producer's stock worth $358,374,000 after purchasing an additional 1,998,824 shares during the period. Invesco Ltd. lifted its position in shares of Hess by 44.1% in the 3rd quarter. Invesco Ltd. now owns 3,610,484 shares of the oil and gas producer's stock worth $552,404,000 after purchasing an additional 1,105,204 shares during the period. FMR LLC lifted its position in shares of Hess by 2.4% in the 3rd quarter. FMR LLC now owns 37,239,078 shares of the oil and gas producer's stock worth $5,697,579,000 after purchasing an additional 889,122 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Hess by 703.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,007,485 shares of the oil and gas producer's stock valued at $154,146,000 after acquiring an additional 882,045 shares during the period. Finally, Woodline Partners LP purchased a new position in Hess during the 2nd quarter valued at about $113,801,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hess

In other Hess news, COO Gregory P. Hill sold 56,925 shares of Hess stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $146.35, for a total transaction of $8,330,973.75. Following the transaction, the chief operating officer now owns 78,287 shares of the company's stock, valued at $11,457,302.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Gregory P. Hill sold 56,925 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $146.35, for a total value of $8,330,973.75. Following the transaction, the chief operating officer now owns 78,287 shares of the company's stock, valued at $11,457,302.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John B. Hess sold 73,885 shares of the business's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $145.87, for a total transaction of $10,777,604.95. Following the completion of the transaction, the chief executive officer now directly owns 138,718 shares in the company, valued at approximately $20,234,794.66. The disclosure for this sale can be found here. Insiders have sold 155,798 shares of company stock valued at $22,811,166 over the last 90 days. 9.76% of the stock is currently owned by corporate insiders.

Hess Stock Performance

NYSE HES traded up $0.98 during trading hours on Thursday, hitting $151.78. 1,002,774 shares of the company's stock traded hands, compared to its average volume of 2,591,128. The business's fifty day moving average price is $149.71 and its two-hundred day moving average price is $146.79. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $46.76 billion, a P/E ratio of 33.73 and a beta of 1.27. Hess Co. has a 52 week low of $124.27 and a 52 week high of $167.75.

Hess (NYSE:HES - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. Hess had a net margin of 12.98% and a return on equity of 17.00%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that Hess Co. will post 8.09 EPS for the current year.

Hess Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, March 15th. Hess's dividend payout ratio is currently 38.89%.

Analyst Ratings Changes

HES has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of Hess from $172.00 to $173.00 and gave the company an "overweight" rating in a research report on Thursday. Susquehanna lifted their price target on shares of Hess from $152.00 to $156.00 and gave the company a "neutral" rating in a research report on Monday, March 4th. StockNews.com initiated coverage on shares of Hess in a research report on Wednesday. They set a "sell" rating for the company. Finally, Mizuho lifted their price target on shares of Hess from $200.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Hess has an average rating of "Hold" and an average target price of $176.75.

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.