Desjardins Global Asset Management Inc. Has $256,000 Stock Position in Hess Co. (NYSE:HES)

Desjardins Global Asset Management Inc. decreased its position in Hess Co. (NYSE:HES) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,778 shares of the oil and gas producer’s stock after selling 489 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Hess were worth $256,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of Hess in the 3rd quarter worth approximately $26,000. KB Financial Partners LLC acquired a new position in shares of Hess in the 1st quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new position in shares of Hess in the 4th quarter worth approximately $29,000. Larson Financial Group LLC acquired a new position in shares of Hess in the 3rd quarter worth approximately $30,000. Finally, IMA Wealth Inc. acquired a new position in shares of Hess in the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho increased their target price on Hess from $200.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. StockNews.com assumed coverage on Hess in a research report on Wednesday. They set a “sell” rating on the stock. Susquehanna increased their price target on Hess from $152.00 to $156.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Piper Sandler increased their price target on Hess from $172.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $176.75.

Insider Buying and Selling at Hess

In other news, CEO John B. Hess sold 73,885 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $145.87, for a total value of $10,777,604.95. Following the transaction, the chief executive officer now directly owns 138,718 shares in the company, valued at approximately $20,234,794.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Geurt G. Schoonman sold 13,921 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total value of $2,103,184.68. Following the transaction, the senior vice president now directly owns 33,581 shares in the company, valued at approximately $5,073,417.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John B. Hess sold 73,885 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $145.87, for a total value of $10,777,604.95. Following the completion of the transaction, the chief executive officer now owns 138,718 shares in the company, valued at $20,234,794.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,798 shares of company stock worth $22,811,166. Insiders own 9.76% of the company’s stock.

Hess Stock Up 0.6 %

Shares of HES opened at $151.78 on Friday. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of 33.73 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 1.05. The business’s fifty day moving average price is $149.71 and its two-hundred day moving average price is $146.79. Hess Co. has a 52 week low of $124.27 and a 52 week high of $167.75.

Hess (NYSE:HES) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.76 billion. Hess had a return on equity of 17.00% and a net margin of 12.98%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. On average, analysts predict that Hess Co. will post 8.09 earnings per share for the current year.

Hess Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given a $0.4375 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.75 dividend on an annualized basis and a yield of 1.15%. Hess’s payout ratio is 38.89%.

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.