Hess Co. (NYSE:HES) Shares Acquired by Thompson Siegel & Walmsley LLC

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

Several other institutional investors and hedge funds have also recently bought and sold shares of HES. 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 last quarter. Hsbc Holdings PLC grew its position in Hess by 76.4% in the second quarter. Hsbc Holdings PLC now owns 1,532,132 shares of the oil and gas producer’s stock worth $227,273,000 after buying an additional 663,338 shares during the last quarter. Bank of Montreal Can raised its position in shares of Hess by 64.3% during 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 purchasing an additional 567,550 shares during the period. Marshall Wace LLP lifted its stake in 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 in the last quarter. Finally, Sculptor Capital LP boosted its stake 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 worth $112,933,000 after purchasing an additional 500,342 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com began coverage on Hess in a research report on Monday. They set a “hold” rating on the stock. Susquehanna increased their price target on shares of Hess from $149.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Piper Sandler lowered their price objective on shares of Hess from $173.00 to $167.00 in a research report on Friday, September 13th. Wolfe Research upgraded shares of Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Monday, September 30th. Finally, UBS Group lowered their target price on Hess from $192.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Hess currently has a consensus rating of “Hold” and a consensus price target of $163.30.

Hess Trading Up 0.4 %

Shares of HES opened at $148.06 on Friday. The stock’s fifty day simple moving average is $138.39 and its 200-day simple moving average is $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. The firm has a market capitalization of $45.62 billion, a PE ratio of 17.26 and a beta of 1.15. Hess Co. has a 12-month low of $123.79 and a 12-month high of $163.98.

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

Hess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.50 per share. 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. This is a boost from Hess’s previous quarterly dividend of $0.44. Hess’s dividend payout ratio (DPR) is currently 23.31%.

Insider Transactions at Hess

In other news, CEO John B. Hess sold 90,476 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 223,147 shares of the company’s stock, valued at $31,791,753.09. The trade was a 28.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Geurt G. Schoonman sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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 of the company’s stock, valued at approximately $3,914,019.71. This represents a 17.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.76% of the company’s stock.

About Hess

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.