EverSource Wealth Advisors LLC Raises Holdings in Hess Co. (NYSE:HES)

EverSource Wealth Advisors LLC boosted its holdings in shares of Hess Co. (NYSE:HES) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 798 shares of the oil and gas producer’s stock after buying an additional 132 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Hess were worth $106,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp purchased a new position in Hess during the fourth quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new position in Hess in the fourth quarter worth $27,000. Groupama Asset Managment grew its holdings in Hess by 22.7% in the third quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 4,186 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Hess in the third quarter worth $37,000. Finally, Rialto Wealth Management LLC purchased a new position in Hess in the fourth quarter worth $37,000. 88.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group lifted their price target on shares of Hess from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company raised shares of Hess from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $151.00 to $193.00 in a report on Monday, December 9th. Pickering Energy Partners raised shares of Hess to a “hold” rating in a report on Friday, January 3rd. StockNews.com started coverage on shares of Hess in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Citigroup lifted their price objective on shares of Hess from $145.00 to $163.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.60.

Hess Trading Up 1.6 %

NYSE HES opened at $152.81 on Wednesday. The company has a market capitalization of $47.11 billion, a PE ratio of 16.98 and a beta of 1.21. The company has a fifty day moving average of $145.75 and a 200 day moving average of $140.43. Hess Co. has a 1 year low of $123.79 and a 1 year high of $163.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 1.13.

Hess (NYSE:HES) last posted its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%. Research analysts forecast that Hess Co. will post 8.08 earnings per share for the current year.

Hess Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. Hess’s dividend payout ratio is presently 22.22%.

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.