Hess Co. (NYSE:HES) Stock Position Decreased by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its holdings in Hess Co. (NYSE:HES) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,405 shares of the oil and gas producer’s stock after selling 3,099 shares during the period. Wolverine Asset Management LLC’s holdings in Hess were worth $2,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HES. Cassaday & Co Wealth Management LLC boosted its position in Hess by 2.4% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 3,266 shares of the oil and gas producer’s stock worth $444,000 after acquiring an additional 78 shares during the period. Moss Adams Wealth Advisors LLC lifted its position in shares of Hess by 5.3% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,682 shares of the oil and gas producer’s stock worth $224,000 after purchasing an additional 85 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Hess by 6.6% during the third quarter. Mesirow Financial Investment Management Inc. now owns 1,577 shares of the oil and gas producer’s stock worth $214,000 after purchasing an additional 97 shares during the period. Covestor Ltd boosted its holdings in shares of Hess by 59.8% during the third quarter. Covestor Ltd now owns 262 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 98 shares during the period. Finally, Fidelis Capital Partners LLC grew its position in Hess by 6.3% during the third quarter. Fidelis Capital Partners LLC now owns 1,673 shares of the oil and gas producer’s stock valued at $231,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Hess Stock Performance

Shares of NYSE HES opened at $147.96 on Friday. The business’s 50-day simple moving average is $140.87 and its 200-day simple moving average is $139.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.12. Hess Co. has a 52 week low of $123.79 and a 52 week high of $163.98. The firm has a market cap of $45.59 billion, a price-to-earnings ratio of 16.44 and a beta of 1.17.

Hess (NYSE:HES) last announced its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%. As a group, equities research analysts expect that Hess Co. will post 8.08 earnings per share for the current fiscal year.

Hess Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Monday, December 16th. Hess’s dividend payout ratio is 22.22%.

Wall Street Analyst Weigh In

HES has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Hess in a research note on Saturday. They set a “hold” rating for the company. Pickering Energy Partners raised Hess to a “hold” rating in a research report on Friday, January 3rd. Citigroup boosted their target price on Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. UBS Group raised their price target on Hess from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company raised Hess from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $151.00 to $193.00 in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Hess presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.60.

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.