SeaCrest Wealth Management LLC acquired a new stake in shares of Hess Corp. (NYSE:HES) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,140 shares of the oil and gas producer’s stock, valued at approximately $197,000.

Several other large investors also recently modified their holdings of HES. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Hess by 13.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 9,206,402 shares of the oil and gas producer’s stock valued at $431,688,000 after acquiring an additional 1,123,000 shares in the last quarter. Hermes Investment Management Ltd. increased its holdings in shares of Hess by 57.0% during the third quarter. Hermes Investment Management Ltd. now owns 1,730,153 shares of the oil and gas producer’s stock valued at $81,127,000 after acquiring an additional 627,795 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Hess by 13.0% during the third quarter. Bank of New York Mellon Corp now owns 5,213,975 shares of the oil and gas producer’s stock valued at $244,483,000 after acquiring an additional 598,576 shares in the last quarter. Impala Asset Management LLC increased its holdings in shares of Hess by 70.9% during the third quarter. Impala Asset Management LLC now owns 1,409,356 shares of the oil and gas producer’s stock valued at $66,085,000 after acquiring an additional 584,640 shares in the last quarter. Finally, Hexavest Inc. increased its holdings in shares of Hess by 207.6% during the fourth quarter. Hexavest Inc. now owns 830,005 shares of the oil and gas producer’s stock valued at $39,400,000 after acquiring an additional 560,177 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

In other news, SVP Timothy B. Goodell sold 3,627 shares of Hess stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $44.43, for a total transaction of $161,147.61. Following the transaction, the senior vice president now directly owns 99,555 shares of the company’s stock, valued at approximately $4,423,228.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John B. Hess sold 93,712 shares of Hess stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $44.29, for a total value of $4,150,504.48. Following the transaction, the chief executive officer now directly owns 1,885,911 shares in the company, valued at $83,526,998.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,347 shares of company stock worth $5,157,584. Insiders own 11.80% of the company’s stock.

Shares of Hess Corp. (HES) opened at $44.14 on Tuesday. Hess Corp. has a 52 week low of $37.25 and a 52 week high of $55.48. The company has a current ratio of 2.53, a quick ratio of 1.68 and a debt-to-equity ratio of 0.52.

Hess (NYSE:HES) last released its quarterly earnings results on Monday, February 5th. The oil and gas producer reported ($1.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.91) by ($0.10). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion. Hess had a negative net margin of 74.55% and a negative return on equity of 9.82%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.01) earnings per share. equities research analysts anticipate that Hess Corp. will post -2.27 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on HES. BMO Capital Markets restated a “hold” rating and set a $50.00 price target on shares of Hess in a report on Thursday, January 11th. Macquarie began coverage on Hess in a report on Wednesday, January 17th. They set an “outperform” rating and a $65.00 price target for the company. Morgan Stanley raised their price target on Hess from $49.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Barclays reiterated a “hold” rating and issued a $49.00 price objective on shares of Hess in a report on Monday, January 8th. Finally, Zacks Investment Research downgraded Hess from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $52.52.

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Hess Profile

Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

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Institutional Ownership by Quarter for Hess (NYSE:HES)

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