one8zero8 LLC Invests $665,000 in Hess Co. (NYSE:HES)

one8zero8 LLC acquired a new stake in shares of Hess Co. (NYSE:HES) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,000 shares of the oil and gas producer’s stock, valued at approximately $665,000.

Other large investors also recently bought and sold shares of the company. Natixis Advisors LLC raised its holdings in Hess by 12.9% in the fourth quarter. Natixis Advisors LLC now owns 300,631 shares of the oil and gas producer’s stock worth $39,987,000 after purchasing an additional 34,354 shares in the last quarter. Picton Mahoney Asset Management raised its stake in shares of Hess by 12.1% during the 4th quarter. Picton Mahoney Asset Management now owns 185,000 shares of the oil and gas producer’s stock worth $24,182,000 after acquiring an additional 20,000 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in Hess during the fourth quarter valued at approximately $6,039,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Hess in the fourth quarter valued at approximately $65,000. Finally, Erste Asset Management GmbH acquired a new stake in Hess in the fourth quarter valued at approximately $47,056,000. Institutional investors own 88.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HES. StockNews.com initiated coverage on Hess in a report on Monday, March 10th. They set a “hold” rating for the company. Pickering Energy Partners raised Hess to a “hold” rating in a report on Friday, January 3rd. UBS Group upped their price objective on shares of Hess from $185.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company upgraded 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 note on Monday, December 9th. Finally, Citigroup upped their price target on shares of Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.60.

Hess Trading Up 3.0 %

Shares of Hess stock opened at $148.21 on Monday. Hess Co. has a 1 year low of $123.79 and a 1 year high of $163.98. 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 stock has a market cap of $45.69 billion, a PE ratio of 16.47 and a beta of 1.21. The firm has a fifty day moving average price of $145.18 and a 200 day moving average price of $140.24.

Hess (NYSE:HES) last issued its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, topping 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%. Equities research analysts predict that Hess Co. will post 8.08 earnings per share for the current year.

Hess Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, March 17th. Hess’s dividend payout ratio (DPR) is 22.22%.

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.