Zions Bancorporation N.A. Has $39,000 Stock Holdings in Hess Co. (NYSE:HES)

Zions Bancorporation N.A. increased its position in Hess Co. (NYSE:HES) by 225.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 293 shares of the oil and gas producer’s stock after acquiring an additional 203 shares during the period. Zions Bancorporation N.A.’s holdings in Hess were worth $39,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new stake in shares of Hess during the 4th quarter worth approximately $25,000. Sierra Ocean LLC acquired a new stake in Hess during the 4th quarter worth $27,000. Groupama Asset Managment raised its position in shares of Hess by 22.7% during the 3rd quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 4,186 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Hess in the 4th quarter valued at $33,000. Finally, FSA Wealth Management LLC bought a new position in shares of Hess in the 3rd quarter worth $37,000. 88.51% of the stock is owned by institutional investors.

Hess Trading Down 0.9 %

HES opened at $159.10 on Friday. The stock has a market capitalization of $49.05 billion, a P/E ratio of 17.68 and a beta of 1.21. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Hess Co. has a 12 month low of $123.79 and a 12 month high of $163.98. The firm’s fifty day simple moving average is $147.64 and its 200 day simple moving average is $141.58.

Hess (NYSE:HES) last issued its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that Hess Co. will post 8.08 EPS for the current fiscal year.

Hess Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.26%. Hess’s dividend payout ratio is currently 22.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HES shares. Citigroup increased 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. Pickering Energy Partners raised shares of Hess to a “hold” rating in a research note on Friday, January 3rd. StockNews.com initiated coverage on shares of Hess in a research note on Wednesday. They issued a “hold” rating for the company. 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 research report on Thursday, February 13th. Finally, Wells Fargo & Company upgraded shares of Hess from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $151.00 to $193.00 in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.60.

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.