Mutual of America Capital Management LLC cut its position in Hess Co. (NYSE:HES - Free Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,107 shares of the oil and gas producer's stock after selling 2,968 shares during the quarter. Mutual of America Capital Management LLC's holdings in Hess were worth $4,404,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Hess by 12.5% during the third quarter. Farther Finance Advisors LLC now owns 1,064 shares of the oil and gas producer's stock worth $144,000 after purchasing an additional 118 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Hess by 134.6% in the third quarter. Janney Montgomery Scott LLC now owns 6,143 shares of the oil and gas producer's stock valued at $834,000 after purchasing an additional 3,524 shares in the last quarter. National Pension Service increased its stake in Hess by 11.7% during the 3rd quarter. National Pension Service now owns 536,382 shares of the oil and gas producer's stock worth $72,841,000 after buying an additional 56,392 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Hess by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,478 shares of the oil and gas producer's stock worth $14,052,000 after buying an additional 2,598 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in Hess by 16.2% in the 3rd quarter. QRG Capital Management Inc. now owns 1,915 shares of the oil and gas producer's stock valued at $260,000 after buying an additional 267 shares during the period. Hedge funds and other institutional investors own 88.51% of the company's stock.
HES stock opened at $142.64 on Wednesday. The company's 50 day moving average is $143.17 and its two-hundred day moving average is $139.79. Hess Co. has a twelve month low of $123.79 and a twelve month high of $163.98. 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 has a market cap of $43.95 billion, a P/E ratio of 15.85 and a beta of 1.17.
Hess (NYSE:HES - Get Free Report) last announced its quarterly 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%. Research analysts expect that Hess Co. will post 8.08 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HES shares. Citigroup upped their price objective on Hess from $145.00 to $163.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. StockNews.com assumed coverage on Hess in a report on Sunday. They set a "hold" rating on the stock. Pickering Energy Partners upgraded Hess to a "hold" rating in a research note on Friday, January 3rd. UBS Group boosted their price objective on 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 lifted their price target for the stock from $151.00 to $193.00 in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Hess currently has an average rating of "Moderate Buy" and a consensus target price of $170.60.
Read Our Latest Research Report on Hess
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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