Callan Family Office LLC Invests $380,000 in Hess Co. (NYSE:HES)

Callan Family Office LLC bought a new position in Hess Co. (NYSE:HES) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,860 shares of the oil and gas producer’s stock, valued at approximately $380,000.

A number of other hedge funds have also modified their holdings of HES. J.Safra Asset Management Corp acquired a new stake in Hess during the 4th quarter valued at $25,000. Sierra Ocean LLC acquired a new stake in Hess during the 4th quarter valued at $27,000. Groupama Asset Managment increased its holdings in Hess by 22.7% during the 3rd quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 4,186 shares in the last quarter. Covestor Ltd increased its holdings in Hess by 59.8% during the 3rd quarter. Covestor Ltd now owns 262 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Hess during the 3rd quarter valued at $37,000. 88.51% of the stock is owned by institutional investors and hedge funds.

Hess Stock Up 0.4 %

NYSE:HES opened at $148.08 on Tuesday. Hess Co. has a 12-month low of $123.79 and a 12-month high of $163.98. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $45.65 billion, a P/E ratio of 16.45 and a beta of 1.21. The stock’s fifty day simple moving average is $144.33 and its 200-day simple moving average is $140.03.

Hess (NYSE:HES) last posted its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%. Equities research analysts expect that Hess Co. will post 8.08 earnings per share for the current year.

Hess Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 1.35%. Hess’s dividend payout ratio is presently 22.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised Hess from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $151.00 to $193.00 in a report on Monday, December 9th. StockNews.com assumed coverage on Hess in a report on Monday. They set a “hold” rating for the company. Pickering Energy Partners raised Hess to a “hold” rating in a report on Friday, January 3rd. Citigroup lifted their target price on Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, UBS Group lifted their target price on Hess from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Hess currently has an average rating of “Moderate Buy” and an average price target of $170.60.

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.