Tudor Investment Corp ET AL Boosts Stock Holdings in Hess Co. (NYSE:HES)

by · The Cerbat Gem

Tudor Investment Corp ET AL increased its stake in Hess Co. (NYSE:HES – Free Report) by 314.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,682 shares of the oil and gas producer’s stock after acquiring an additional 327,424 shares during the period. Hess makes up about 0.2% of Tudor Investment Corp ET AL’s holdings, making the stock its 16th largest holding. Tudor Investment Corp ET AL owned about 0.14% of Hess worth $57,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HES. Quarry LP lifted its position in shares of Hess by 1.4% during the 4th quarter. Quarry LP now owns 32,849 shares of the oil and gas producer’s stock worth $4,369,000 after purchasing an additional 449 shares during the last quarter. Boothbay Fund Management LLC boosted its position in shares of Hess by 90.3% during the 4th quarter. Boothbay Fund Management LLC now owns 96,369 shares of the oil and gas producer’s stock worth $12,818,000 after acquiring an additional 45,724 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Hess by 6.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,457 shares of the oil and gas producer’s stock worth $593,000 after acquiring an additional 289 shares in the last quarter. HBK Investments L P increased its holdings in shares of Hess by 1.7% in the 4th quarter. HBK Investments L P now owns 7,237,911 shares of the oil and gas producer’s stock valued at $962,715,000 after acquiring an additional 120,091 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Hess during the 4th quarter worth about $250,000. 88.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hess

In other news, CEO John B. Hess sold 175,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $159.30, for a total value of $27,877,500.00. Following the completion of the transaction, the chief executive officer now owns 2,384,679 shares in the company, valued at $379,879,364.70. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.10% of the company’s stock.

Hess Trading Up 0.0 %

NYSE:HES opened at $132.43 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $143.54 and its 200-day simple moving average is $142.00. Hess Co. has a 12-month low of $123.79 and a 12-month high of $163.98. The firm has a market cap of $40.83 billion, a P/E ratio of 14.71 and a beta of 0.88.

Hess (NYSE:HES – Get Free Report) last released its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%. Equities analysts anticipate that Hess Co. will post 8.08 EPS for the current year.

Hess Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, March 17th. Hess’s payout ratio is 22.22%.

Wall Street Analysts Forecast Growth

HES has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Hess in a report on Sunday. They set a “hold” rating on the stock. Scotiabank cut their price target on shares of Hess from $164.00 to $146.58 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Pickering Energy Partners raised shares of Hess to a “hold” rating in a research report on Friday, January 3rd. Susquehanna dropped their price objective on Hess from $160.00 to $136.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group dropped their price target on Hess from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $164.46.

Get Our Latest Stock Report on HES

Hess Company Profile

(Free Report)

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.

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