Hess Co. (NYSE:HES) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in Hess Co. (NYSE:HES) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,212 shares of the oil and gas producer’s stock after selling 4,133 shares during the period. Yousif Capital Management LLC’s holdings in Hess were worth $6,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hess by 6.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 129,977 shares of the oil and gas producer’s stock valued at $18,737,000 after purchasing an additional 8,439 shares during the period. Arvest Investments Inc. acquired a new stake in Hess in the fourth quarter valued at $1,407,000. Exchange Traded Concepts LLC increased its stake in Hess by 1,456.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,504 shares of the oil and gas producer’s stock valued at $1,082,000 after purchasing an additional 7,022 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Hess during the fourth quarter valued at $967,000. Finally, Miller Howard Investments Inc. NY increased its stake in Hess by 75.3% during the fourth quarter. Miller Howard Investments Inc. NY now owns 39,249 shares of the oil and gas producer’s stock valued at $5,658,000 after purchasing an additional 16,861 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HES. Piper Sandler upped their price target on shares of Hess from $172.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Susquehanna upped their price objective on shares of Hess from $156.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday. Mizuho upped their price objective on shares of Hess from $200.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Finally, StockNews.com assumed coverage on Hess in a report on Thursday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $177.42.

Insider Transactions at Hess

In related news, SVP Andrew P. Slentz sold 1,062 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total value of $153,480.24. Following the sale, the senior vice president now owns 50,215 shares in the company, valued at approximately $7,257,071.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hess news, EVP Timothy B. Goodell sold 2,701 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $390,348.52. Following the transaction, the executive vice president now owns 162,144 shares in the company, valued at approximately $23,433,050.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew P. Slentz sold 1,062 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total value of $153,480.24. Following the transaction, the senior vice president now owns 50,215 shares in the company, valued at approximately $7,257,071.80. The disclosure for this sale can be found here. Insiders have sold a total of 155,798 shares of company stock worth $22,811,166 in the last 90 days. Corporate insiders own 9.76% of the company’s stock.

Hess Trading Up 1.5 %

NYSE:HES opened at $161.45 on Friday. Hess Co. has a fifty-two week low of $124.27 and a fifty-two week high of $167.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 0.96. The stock has a market capitalization of $49.74 billion, a PE ratio of 35.88 and a beta of 1.27. The business’s 50-day simple moving average is $151.09 and its 200-day simple moving average is $147.20.

Hess (NYSE:HES) last released its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $3.16 earnings per share for the quarter, beating the consensus estimate of $1.73 by $1.43. Hess had a return on equity of 17.00% and a net margin of 12.98%. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the business posted $1.13 EPS. Hess’s revenue for the quarter was up 36.2% on a year-over-year basis. Sell-side analysts expect that Hess Co. will post 8.62 earnings per share for the current fiscal year.

Hess Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, March 15th. Hess’s payout ratio is 38.89%.

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.