Thompson Siegel & Walmsley LLC Purchases 5,207 Shares of Hess Co. (NYSE:HES)

Thompson Siegel & Walmsley LLC grew its stake in Hess Co. (NYSE:HES) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,682 shares of the oil and gas producer’s stock after purchasing an additional 5,207 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Hess were worth $7,697,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Hess by 34.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,835,486 shares of the oil and gas producer’s stock worth $418,291,000 after purchasing an additional 726,631 shares during the period. Hsbc Holdings PLC raised its position in shares of Hess by 76.4% during the 2nd quarter. Hsbc Holdings PLC now owns 1,532,132 shares of the oil and gas producer’s stock valued at $227,273,000 after buying an additional 663,338 shares in the last quarter. Bank of Montreal Can lifted its position in Hess by 64.3% in the second quarter. Bank of Montreal Can now owns 1,449,969 shares of the oil and gas producer’s stock worth $218,220,000 after buying an additional 567,550 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Hess by 45.6% during the second quarter. Marshall Wace LLP now owns 1,794,087 shares of the oil and gas producer’s stock valued at $264,664,000 after buying an additional 561,832 shares during the last quarter. Finally, Sculptor Capital LP boosted its position in Hess by 188.7% in the 2nd quarter. Sculptor Capital LP now owns 765,542 shares of the oil and gas producer’s stock valued at $112,933,000 after buying an additional 500,342 shares during the period. 88.51% of the stock is currently owned by institutional investors.

Hess Price Performance

Shares of NYSE:HES opened at $148.06 on Friday. The business has a fifty day simple moving average of $138.39 and a 200-day simple moving average of $142.77. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 0.75. Hess Co. has a 52 week low of $123.79 and a 52 week high of $163.98. The company has a market cap of $45.62 billion, a P/E ratio of 17.26 and a beta of 1.15.

Hess (NYSE:HES) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $2.14 EPS for the quarter, beating the consensus estimate of $1.88 by $0.26. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $2.96 billion. Hess had a return on equity of 27.41% and a net margin of 20.58%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. Equities research analysts forecast that Hess Co. will post 9.72 EPS for the current year.

Hess Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.50 dividend. This is an increase from Hess’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Monday, September 16th. Hess’s dividend payout ratio (DPR) is presently 23.31%.

Insider Buying and Selling at Hess

In related news, SVP Geurt G. Schoonman sold 6,000 shares of Hess stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $141.91, for a total transaction of $851,460.00. Following the transaction, the senior vice president now directly owns 27,581 shares of the company’s stock, valued at $3,914,019.71. The trade was a 17.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John B. Hess sold 90,476 shares of Hess stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $142.47, for a total value of $12,890,115.72. Following the completion of the transaction, the chief executive officer now owns 223,147 shares in the company, valued at $31,791,753.09. The trade was a 28.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HES has been the topic of a number of analyst reports. StockNews.com assumed coverage on Hess in a report on Monday. They issued a “hold” rating on the stock. UBS Group dropped their price objective on shares of Hess from $192.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Wells Fargo & Company reduced their price objective on shares of Hess from $171.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. Piper Sandler lowered their price target on shares of Hess from $173.00 to $167.00 in a research report on Friday, September 13th. Finally, Citigroup reduced their price target on shares of Hess from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $163.30.

Hess Company 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.