Robeco Institutional Asset Management B.V. Acquires 8,538 Shares of Hess Co. (NYSE:HES)

Robeco Institutional Asset Management B.V. boosted its holdings in Hess Co. (NYSE:HES) by 162.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,807 shares of the oil and gas producer’s stock after purchasing an additional 8,538 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Hess were worth $1,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Hess by 2.4% during 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 acquiring an additional 889,122 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hess by 4.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,790,382 shares of the oil and gas producer’s stock valued at $1,191,928,000 after purchasing an additional 303,942 shares in the last quarter. Invesco Ltd. increased its stake 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 valued at $552,404,000 after purchasing an additional 1,105,204 shares during the last quarter. Morgan Stanley raised its holdings in shares of Hess by 19.9% during the 3rd quarter. Morgan Stanley now owns 2,951,451 shares of the oil and gas producer’s stock worth $451,572,000 after buying an additional 489,169 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Hess by 1.5% during the 3rd quarter. Northern Trust Corp now owns 2,866,681 shares of the oil and gas producer’s stock worth $438,602,000 after buying an additional 42,802 shares during the last quarter. Institutional investors own 88.51% of the company’s stock.

Hess Trading Down 2.1 %

NYSE HES opened at $151.32 on Thursday. Hess Co. has a 12 month low of $124.27 and a 12 month high of $167.75. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $46.62 billion, a PE ratio of 23.17 and a beta of 1.24. The business’s 50-day moving average price is $155.33 and its two-hundred day moving average price is $147.61.

Hess (NYSE:HES) last released its earnings results on Thursday, April 25th. The oil and gas producer reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $1.43. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $2.98 billion. Hess had a net margin of 17.41% and a return on equity of 22.73%. The company’s revenue for the quarter was up 36.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, analysts expect that Hess Co. will post 9.54 EPS for the current year.

Hess Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.75 annualized dividend and a yield of 1.16%. Hess’s payout ratio is 26.80%.

Insider Buying and Selling at Hess

In other news, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $144.52, for a total value of $153,480.24. Following the completion of the transaction, the senior vice president now directly owns 50,215 shares of the company’s stock, valued at approximately $7,257,071.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Andrew P. Slentz sold 1,062 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $144.52, for a total transaction of $153,480.24. Following the transaction, the senior vice president now owns 50,215 shares in the company, valued at approximately $7,257,071.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Geurt G. Schoonman sold 13,921 shares of the firm’s 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 of the company’s stock, valued at $5,073,417.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,798 shares of company stock valued at $22,811,166. 9.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HES has been the subject of several research analyst reports. Mizuho boosted their target price on Hess from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Susquehanna upped their price objective on shares of Hess from $164.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Piper Sandler raised their target price on shares of Hess from $172.00 to $173.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, StockNews.com began coverage on Hess in a research note on Sunday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $178.08.

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.