Rothschild Investment LLC Has $56,000 Stock Holdings in Hess Co. (NYSE:HES)

Rothschild Investment LLC lifted its stake in shares of Hess Co. (NYSE:HES) by 80.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 423 shares of the oil and gas producer’s stock after purchasing an additional 188 shares during the period. Rothschild Investment LLC’s holdings in Hess were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HES. Private Advisor Group LLC raised its position in shares of Hess by 21.5% during the third quarter. Private Advisor Group LLC now owns 15,126 shares of the oil and gas producer’s stock worth $2,054,000 after purchasing an additional 2,673 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Hess by 15.0% during the third quarter. Assenagon Asset Management S.A. now owns 11,864 shares of the oil and gas producer’s stock worth $1,611,000 after purchasing an additional 1,548 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Hess by 22.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,264 shares of the oil and gas producer’s stock worth $2,173,000 after purchasing an additional 3,025 shares during the period. Modera Wealth Management LLC acquired a new stake in shares of Hess during the third quarter worth $213,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Hess by 0.6% during the third quarter. Nisa Investment Advisors LLC now owns 53,095 shares of the oil and gas producer’s stock worth $7,210,000 after purchasing an additional 337 shares during the period. 88.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HES. StockNews.com began coverage on Hess in a research report on Saturday, February 22nd. They set a “hold” rating on the stock. UBS Group upped their price target on Hess from $185.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Pickering Energy Partners raised Hess to a “hold” rating in a research report on Friday, January 3rd. Wells Fargo & Company raised Hess from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $151.00 to $193.00 in a research report on Monday, December 9th. Finally, Citigroup upped their price target on Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $170.60.

Hess Stock Performance

Shares of NYSE HES opened at $145.42 on Thursday. The company has a market capitalization of $44.81 billion, a P/E ratio of 16.16 and a beta of 1.17. The business’s 50-day moving average price is $141.84 and its two-hundred day moving average price is $139.47. Hess Co. has a one year low of $123.79 and a one year high of $163.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 1.13.

Hess (NYSE:HES) last released 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%. Analysts anticipate that Hess Co. will post 8.08 earnings per share for the current fiscal year.

Hess Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.38%. Hess’s dividend payout ratio (DPR) is presently 22.22%.

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.