ACR Alpine Capital Research LLC Acquires 349 Shares of Hess Co. (NYSE:HES)

ACR Alpine Capital Research LLC boosted its stake in Hess Co. (NYSE:HES) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,939 shares of the oil and gas producer’s stock after buying an additional 349 shares during the period. ACR Alpine Capital Research LLC’s holdings in Hess were worth $1,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Hess in the fourth quarter worth about $27,000. Groupama Asset Managment lifted its holdings in shares of Hess by 22.7% during the third quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 4,186 shares during the last quarter. Covestor Ltd increased its position in shares of Hess by 59.8% during the third quarter. Covestor Ltd now owns 262 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 98 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Hess during the third quarter valued at approximately $37,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Hess during the fourth quarter valued at approximately $49,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup lifted their target price on shares of Hess from $145.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company raised shares of Hess from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $151.00 to $193.00 in a research report on Monday, December 9th. StockNews.com assumed coverage on shares of Hess in a research report on Sunday. They issued a “hold” rating for the company. Pickering Energy Partners raised shares of Hess to a “hold” rating in a research report on Friday, January 3rd. Finally, UBS Group lifted their target price 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. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.60.

Hess Trading Up 1.4 %

Shares of HES stock opened at $149.04 on Monday. Hess Co. has a 1 year low of $123.79 and a 1 year high of $163.98. The firm has a fifty day moving average price of $142.65 and a 200-day moving average price of $139.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market cap of $45.92 billion, a price-to-earnings ratio of 16.56 and a beta of 1.17.

Hess (NYSE:HES) 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%. As a group, equities analysts predict that Hess Co. will post 8.08 earnings per share for the current year.

Hess Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. Hess’s dividend payout ratio is currently 22.22%.

Hess 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.