Anchor Capital Advisors LLC Has $17.49 Million Holdings in Hess Corporation (HES)

Anchor Capital Advisors LLC boosted its holdings in shares of Hess Corporation (NYSE:HES) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,910 shares of the oil and gas producer’s stock after purchasing an additional 4,818 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.12% of Hess Corporation worth $17,486,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama increased its holdings in shares of Hess Corporation by 53.3% in the 3rd quarter. Retirement Systems of Alabama now owns 200,854 shares of the oil and gas producer’s stock valued at $9,418,000 after acquiring an additional 69,831 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Hess Corporation by 9.5% in the 3rd quarter. Sei Investments Co. now owns 143,636 shares of the oil and gas producer’s stock valued at $6,736,000 after acquiring an additional 12,513 shares during the last quarter. FDx Advisors Inc. bought a new stake in shares of Hess Corporation in the 3rd quarter valued at approximately $261,000. Global X MANAGEMENT CO LLC increased its holdings in shares of Hess Corporation by 14.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 34,420 shares of the oil and gas producer’s stock valued at $1,614,000 after acquiring an additional 4,286 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Hess Corporation by 49.8% in the 3rd quarter. Bessemer Group Inc. now owns 88,872 shares of the oil and gas producer’s stock valued at $4,167,000 after acquiring an additional 29,546 shares during the last quarter. Institutional investors own 87.39% of the company’s stock.

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In other news, insider Brian D. Truelove sold 6,000 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $42.53, for a total value of $255,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gregory P. Hill sold 11,726 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $38.37, for a total value of $449,926.62. The disclosure for this sale can be found here. Corporate insiders own 11.80% of the company’s stock.

Shares of Hess Corporation (NYSE HES) traded down $0.52 during midday trading on Tuesday, reaching $46.59. The company’s stock had a trading volume of 3,540,500 shares, compared to its average volume of 4,162,187. The company has a current ratio of 1.84, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46. Hess Corporation has a 1 year low of $37.25 and a 1 year high of $65.56.

Hess Corporation (NYSE:HES) last issued its earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) EPS for the quarter, beating analysts’ consensus estimates of ($1.29) by $0.22. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.27 billion. Hess Corporation had a negative return on equity of 9.30% and a negative net margin of 113.21%. The business’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.12) earnings per share. equities research analysts anticipate that Hess Corporation will post -4.72 EPS for the current fiscal year.

HES has been the subject of a number of research analyst reports. Cowen and Company reiterated a “hold” rating and issued a $50.00 price target on shares of Hess Corporation in a report on Tuesday, August 22nd. Zacks Investment Research downgraded Hess Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. BMO Capital Markets set a $45.00 price target on Hess Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Piper Jaffray Companies set a $47.00 price target on Hess Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Scotiabank set a $52.00 price target on Hess Corporation and gave the company a “buy” rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Hess Corporation has a consensus rating of “Hold” and a consensus price target of $51.92.

Hess Corporation Profile

Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

Institutional Ownership by Quarter for Hess Corporation (NYSE:HES)

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