V Square Quantitative Management LLC Purchases 908 Shares of Hess Co. (NYSE:HES)

V Square Quantitative Management LLC raised its position in shares of Hess Co. (NYSE:HES) by 39.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,184 shares of the oil and gas producer’s stock after acquiring an additional 908 shares during the quarter. V Square Quantitative Management LLC’s holdings in Hess were worth $432,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC boosted its position in Hess by 1.4% during the first quarter. Manchester Capital Management LLC now owns 5,102 shares of the oil and gas producer’s stock valued at $779,000 after acquiring an additional 68 shares during the last quarter. Drive Wealth Management LLC boosted its position 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 valued at $678,000 after acquiring an additional 72 shares during the last quarter. Quent Capital LLC boosted its position in shares of Hess by 7.3% during the 2nd quarter. Quent Capital LLC now owns 1,074 shares of the oil and gas producer’s stock worth $158,000 after purchasing an additional 73 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Hess by 17.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 507 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Hess by 16.9% during the 2nd quarter. Versant Capital Management Inc now owns 540 shares of the oil and gas producer’s stock worth $80,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 88.51% of the company’s stock.

Hess Trading Down 0.0 %

NYSE:HES opened at $139.42 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.14 and a current ratio of 1.27. The firm has a market cap of $42.96 billion, a price-to-earnings ratio of 21.35 and a beta of 1.15. Hess Co. has a 52 week low of $123.79 and a 52 week high of $167.75. The firm has a 50-day moving average price of $135.11 and a two-hundred day moving average price of $145.30.

Hess (NYSE:HES) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $2.62 EPS for the quarter, beating the consensus estimate of $2.48 by $0.14. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.24 billion. Hess had a net margin of 21.22% and a return on equity of 27.43%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts expect that Hess Co. will post 10.22 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.43%. This is a positive change from Hess’s previous quarterly dividend of $0.44. Hess’s dividend payout ratio (DPR) is presently 30.63%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Hess from $171.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, September 27th. StockNews.com assumed coverage on shares of Hess in a research report on Thursday. They set a “hold” rating on the stock. Wolfe Research raised shares of Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Monday, September 30th. UBS Group cut their price objective on shares of Hess from $192.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Citigroup dropped their price target on shares of Hess from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Hess currently has a consensus rating of “Hold” and an average target price of $164.00.

Hess Company 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.