Hess Co. (NYSE:HES) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of Hess Co. (NYSE:HES) by 45.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 266,277 shares of the oil and gas producer’s stock after acquiring an additional 83,814 shares during the quarter. Natixis Advisors LLC owned about 0.09% of Hess worth $36,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Drive Wealth Management LLC increased its stake in Hess by 1.6% during the second quarter. Drive Wealth Management LLC now owns 4,599 shares of the oil and gas producer’s stock worth $678,000 after acquiring an additional 72 shares during the last quarter. Quent Capital LLC grew its stake in shares of Hess by 7.3% in the second quarter. Quent Capital LLC now owns 1,074 shares of the oil and gas producer’s stock valued at $158,000 after buying an additional 73 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Hess by 16.9% in the second quarter. Versant Capital Management Inc now owns 540 shares of the oil and gas producer’s stock valued at $80,000 after buying an additional 78 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Hess by 4.7% in the second quarter. UMB Bank n.a. now owns 1,771 shares of the oil and gas producer’s stock valued at $261,000 after buying an additional 80 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of Hess by 0.6% in the second quarter. HB Wealth Management LLC now owns 14,629 shares of the oil and gas producer’s stock valued at $2,158,000 after buying an additional 87 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Hess Trading Up 0.4 %

NYSE:HES opened at $145.64 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $136.80 and its two-hundred day moving average is $142.87. 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 $44.87 billion, a PE ratio of 16.97 and a beta of 1.15.

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

Hess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Hess’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, September 16th. Hess’s dividend payout ratio is presently 23.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Susquehanna increased their target price on Hess from $149.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. BMO Capital Markets increased their target price on Hess from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Piper Sandler lowered their target price on Hess from $173.00 to $167.00 in a research note on Friday, September 13th. Wells Fargo & Company reduced their price target on Hess from $171.00 to $151.00 and set an “equal weight” rating for the company in a report on Friday, September 27th. Finally, Citigroup reduced their price target on Hess from $160.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $163.30.

Insider Transactions at Hess

In other news, CEO John B. Hess sold 90,476 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $142.47, for a total transaction of $12,890,115.72. Following the sale, the chief executive officer now directly owns 223,147 shares in the company, valued at approximately $31,791,753.09. This represents a 28.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Geurt G. Schoonman sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $141.91, for a total value of $851,460.00. Following the sale, the senior vice president now owns 27,581 shares in the company, valued at $3,914,019.71. The trade was a 17.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.76% of the company’s stock.

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.