Jupiter Asset Management Ltd. Invests $9.38 Million in Hess Co. (NYSE:HES)

Jupiter Asset Administration Ltd. purchased a brand new place in Hess Co. (NYSE:HES – Free Report) within the 2nd quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee. The agency purchased 69,036 shares of the oil and gasoline producer’s inventory, valued at roughly $9,384,000.

A number of different hedge funds additionally lately made modifications to their positions within the firm. KB Monetary Companions LLC bought a brand new place in shares of Hess within the 1st quarter valued at about $26,000. TFC Monetary Administration Inc. bought a brand new place in shares of Hess within the 1st quarter valued at about $36,000. Clear Road Markets LLC bought a brand new place in shares of Hess within the 4th quarter valued at about $40,000. Avondale Wealth Administration bought a brand new place in Hess throughout the 2nd quarter valued at about $41,000. Lastly, Harbour Investments Inc. elevated its holdings in Hess by 24.0% throughout the 1st quarter. Harbour Investments Inc. now owns 403 shares of the oil and gasoline producer’s inventory valued at $53,000 after buying a further 78 shares within the final quarter. Institutional buyers and hedge funds personal 81.72% of the corporate’s inventory.

Analysts Set New Value Targets

A number of equities analysts have weighed in on the inventory. UBS Group raised their goal worth on shares of Hess from $206.00 to $210.00 and gave the corporate a “purchase” score in a report on Wednesday, October 4th. Financial institution of America raised their goal worth on shares of Hess from $205.00 to $210.00 in a report on Wednesday, September twenty seventh. Sanford C. Bernstein downgraded shares of Hess from an “outperform” score to a “market carry out” score and dropped their goal worth for the corporate from $189.00 to $166.00 in a report on Thursday, November 2nd. Citigroup raised their goal worth on shares of Hess from $155.00 to $163.00 and gave the corporate a “impartial” score in a report on Wednesday, October 18th. Lastly, Argus upgraded shares of Hess from a “maintain” score to a “purchase” score and set a $171.00 goal worth for the corporate in a report on Tuesday, November seventh. One equities analysis analyst has rated the inventory with a promote score, eight have given a maintain score and eight have given a purchase score to the corporate. In response to information from MarketBeat, Hess at present has a consensus score of “Maintain” and a median goal worth of $173.06.

View Our Newest Inventory Evaluation on HES

Hess Value Efficiency

HES opened at $144.45 on Friday. The corporate’s 50 day easy shifting common is $152.10 and its 200 day easy shifting common is $145.14. The corporate has a debt-to-equity ratio of 0.90, a fast ratio of 1.20 and a present ratio of 1.31. Hess Co. has a 1 12 months low of $113.82 and a 1 12 months excessive of $167.75. The inventory has a market capitalization of $44.37 billion, a PE ratio of 27.83 and a beta of 1.53.

Hess (NYSE:HES – Get Free Report) final launched its earnings outcomes on Wednesday, October twenty fifth. The oil and gasoline producer reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.40. Hess had a web margin of 14.94% and a return on fairness of 18.06%. The enterprise had income of $2.30 billion for the quarter, in comparison with analysts’ expectations of $2.68 billion. Throughout the identical interval final 12 months, the corporate earned $1.89 earnings per share. The corporate’s quarterly income was down 27.3% on a year-over-year foundation. As a bunch, sell-side analysts count on that Hess Co. will submit 5.06 EPS for the present 12 months.

Hess Declares Dividend

The enterprise additionally lately introduced a quarterly dividend, which was paid on Friday, September twenty ninth. Buyers of document on Monday, September 18th got a $0.4375 dividend. The ex-dividend date of this dividend was Friday, September fifteenth. This represents a $1.75 annualized dividend and a dividend yield of 1.21%. Hess’s dividend payout ratio is presently 33.72%.

Insider Shopping for and Promoting

In associated information, SVP Barbara J. Lowery-Yilmaz offered 24,319 shares of the agency’s inventory in a transaction that occurred on Friday, September 1st. The shares have been offered at a median worth of $156.91, for a complete worth of $3,815,894.29. Following the sale, the senior vp now straight owns 113,670 shares of the corporate’s inventory, valued at $17,835,959.70. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by means of this hyperlink. Company insiders personal 9.93% of the corporate’s inventory.

About Hess

(Free Report)

Hess Company, an exploration and manufacturing firm, explores, develops, produces, purchases, transports, and sells crude oil, pure gasoline liquids (NGLs), and pure gasoline. The corporate operates in two segments, Exploration and Manufacturing, and Midstream. It conducts manufacturing operations primarily in america, Guyana, the Malaysia/Thailand Joint Growth Space, and Malaysia; and exploration actions principally offshore Guyana, the U.S.

Featured Tales

Need to see what different hedge funds are holding HES? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Hess Co. (NYSE:HES – Free Report).

Institutional Ownership by Quarter for Hess (NYSE:HES)

This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you think about Hess, you may wish to hear this.

MarketBeat retains observe of Wall Road’s top-rated and greatest performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Hess wasn’t on the record.

Whereas Hess at present has a “Reasonable Purchase” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.

View The 5 Shares Right here

A Guide To High-Short-Interest Stocks Cover

MarketBeat’s analysts have simply launched their prime 5 quick performs for November 2023. Study which shares have probably the most quick curiosity and find out how to commerce them. Click on the hyperlink beneath to see which corporations made the record.

Get This Free Report


Leave a Reply

Your email address will not be published. Required fields are marked *