SeaCrest Wealth Management LLC Grows Position in Hess Co. (NYSE:HES)

SeaCrest Wealth Management LLC increased its position in shares of Hess Co. (NYSE:HESFree Report) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,643 shares of the oil and gas producer’s stock after purchasing an additional 298 shares during the period. SeaCrest Wealth Management LLC’s holdings in Hess were worth $528,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James Trust N.A. purchased a new stake in Hess in the 1st quarter valued at about $446,000. Blair William & Co. IL grew its stake in Hess by 17.1% in the 1st quarter. Blair William & Co. IL now owns 4,276 shares of the oil and gas producer’s stock worth $458,000 after acquiring an additional 625 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Hess by 3.7% in the 1st quarter. Allianz Asset Management GmbH now owns 114,120 shares of the oil and gas producer’s stock worth $12,216,000 after acquiring an additional 4,027 shares in the last quarter. Cetera Investment Advisers bought a new position in Hess in the 1st quarter worth about $410,000. Finally, Vanguard Group Inc. grew its stake in Hess by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 30,928,530 shares of the oil and gas producer’s stock worth $3,310,590,000 after acquiring an additional 667,979 shares in the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Susquehanna upped their target price on shares of Hess from $152.00 to $156.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Mizuho upped their price target on shares of Hess from $200.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. StockNews.com initiated coverage on shares of Hess in a research report on Sunday, March 24th. They issued a “sell” rating for the company. UBS Group lowered their price target on shares of Hess from $210.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Finally, Piper Sandler upped their price target on shares of Hess from $169.00 to $172.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $175.23.

View Our Latest Research Report on Hess

Insider Buying and Selling at Hess

In other Hess news, COO Gregory P. Hill sold 56,925 shares of the company’s 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 in the company, valued at approximately $11,457,302.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Gregory P. Hill sold 56,925 shares of the 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 sale, the chief operating officer now owns 78,287 shares in the company, valued at $11,457,302.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Geurt G. Schoonman sold 13,921 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total transaction of $2,103,184.68. Following the completion of the sale, the senior vice president now owns 33,581 shares in the company, valued at approximately $5,073,417.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 155,798 shares of company stock worth $22,811,166. 9.93% of the stock is owned by corporate insiders.

Hess Trading Up 1.4 %

NYSE:HES opened at $152.64 on Friday. Hess Co. has a 52 week low of $124.27 and a 52 week high of $167.75. The firm has a 50 day moving average of $146.12 and a 200 day moving average of $147.05. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $46.88 billion, a price-to-earnings ratio of 33.92 and a beta of 1.27.

Hess (NYSE:HESGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.76 billion. During the same quarter in the prior year, the business posted $1.78 EPS. Hess’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hess Co. will post 7.44 earnings per share for the current fiscal year.

Hess Dividend Announcement

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

About Hess

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding HES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hess Co. (NYSE:HESFree Report).

Institutional Ownership by Quarter for Hess (NYSE:HES)

Receive News & Ratings for Hess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hess and related companies with MarketBeat.com's FREE daily email newsletter.