7,100 Shares in Hess Co. (NYSE:HES) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in Hess Co. (NYSE:HES - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,100 shares of the oil and gas producer's stock, valued at approximately $944,000.

Several other large investors have also recently bought and sold shares of the business. Checchi Capital Advisers LLC increased its position in shares of Hess by 3.5% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,154 shares of the oil and gas producer's stock valued at $287,000 after buying an additional 72 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Hess by 1.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,971 shares of the oil and gas producer's stock worth $528,000 after purchasing an additional 73 shares in the last quarter. 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 worth $224,000 after purchasing an additional 85 shares in the last quarter. Howard Capital Management Inc. increased its position in Hess by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 1,809 shares of the oil and gas producer's stock worth $241,000 after purchasing an additional 90 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Hess by 18.0% during 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. Hedge funds and other institutional investors own 88.51% of the company's stock.

Insider Transactions at Hess

In other Hess news, CEO John B. Hess sold 175,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 2,384,679 shares in the company, valued at approximately $379,879,364.70. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HES has been the topic of a number of research analyst reports. Susquehanna decreased their price target on Hess from $160.00 to $136.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. UBS Group reduced their price target on Hess from $170.00 to $163.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. StockNews.com started coverage on Hess in a research report on Tuesday, May 13th. They set a "hold" rating on the stock. Mizuho dropped their price objective on Hess from $193.00 to $191.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Scotiabank dropped their price objective on Hess from $164.00 to $146.58 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Hess presently has an average rating of "Moderate Buy" and an average target price of $162.16.

Hess Stock Down 0.2%

Shares of NYSE:HES traded down $0.21 during trading on Friday, hitting $134.86. 1,688,439 shares of the company's stock traded hands, compared to its average volume of 1,804,484. Hess Co. has a 52 week low of $123.79 and a 52 week high of $161.69. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market cap of $41.71 billion, a price-to-earnings ratio of 14.98 and a beta of 0.61. The company has a 50-day moving average price of $139.25 and a 200-day moving average price of $141.43.

Hess (NYSE:HES - Get Free Report) last announced its quarterly earnings data 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). Hess had a return on equity of 26.32% and a net margin of 21.27%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the company earned $3.16 EPS. The company's revenue for the quarter was down 12.1% on a year-over-year basis. As a group, research analysts forecast that Hess Co. will post 8.08 EPS for the current fiscal year.

Hess Dividend Announcement

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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, June 16th. Hess's dividend payout ratio (DPR) is currently 27.66%.

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.