Hess Co. (NYSE:HES) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its stake in Hess Co. (NYSE:HES) by 300.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,986 shares of the oil and gas producer’s stock after acquiring an additional 7,492 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Hess were worth $1,524,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in Hess in the 1st quarter valued at $27,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Hess in the 4th quarter valued at $27,000. Cape Investment Advisory Inc. acquired a new stake in Hess in the 4th quarter valued at $32,000. Riverview Trust Co acquired a new stake in Hess in the 1st quarter valued at $36,000. Finally, Mather Group LLC. acquired a new stake in Hess during the 1st quarter worth $52,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Mizuho lifted their target price on shares of Hess from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. StockNews.com assumed coverage on shares of Hess in a research note on Friday, June 28th. They set a “hold” rating on the stock. Wolfe Research assumed coverage on shares of Hess in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler lifted their target price on shares of Hess from $172.00 to $173.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Citigroup lifted their target price on shares of Hess from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $178.58.

Hess Trading Up 0.1 %

Shares of HES stock traded up $0.19 on Wednesday, hitting $146.97. 2,701,977 shares of the stock traded hands, compared to its average volume of 2,394,401. The stock has a market capitalization of $45.28 billion, a PE ratio of 22.51 and a beta of 1.16. Hess Co. has a twelve month low of $131.61 and a twelve month high of $167.75. The firm’s 50-day moving average price is $149.31 and its two-hundred day moving average price is $149.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.10 and a current ratio of 1.23.

Hess (NYSE:HES) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $1.43. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $2.98 billion. Hess had a net margin of 17.41% and a return on equity of 22.73%. Hess’s revenue was up 36.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. As a group, analysts anticipate that Hess Co. will post 10.98 EPS for the current year.

Hess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.4375 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.75 annualized dividend and a yield of 1.19%. Hess’s dividend payout ratio (DPR) is currently 26.80%.

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.