CHICAGO TRUST Co NA Buys 192 Shares of Hess Co. (NYSE:HES)

CHICAGO TRUST Co NA boosted its holdings in Hess Co. (NYSE:HES) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,724 shares of the oil and gas producer’s stock after purchasing an additional 192 shares during the period. CHICAGO TRUST Co NA’s holdings in Hess were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC boosted its position in Hess by 9.8% during the third quarter. Kestra Advisory Services LLC now owns 3,042 shares of the oil and gas producer’s stock valued at $465,000 after purchasing an additional 271 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Hess in the third quarter valued at $426,000. Envestnet Asset Management Inc. increased its holdings in Hess by 55.3% during the third quarter. Envestnet Asset Management Inc. now owns 155,519 shares of the oil and gas producer’s stock worth $23,794,000 after buying an additional 55,348 shares during the last quarter. Nordea Investment Management AB lifted its stake in Hess by 12.5% in the third quarter. Nordea Investment Management AB now owns 17,722 shares of the oil and gas producer’s stock valued at $2,707,000 after acquiring an additional 1,973 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Hess by 7.0% in the 3rd quarter. LPL Financial LLC now owns 32,333 shares of the oil and gas producer’s stock valued at $4,947,000 after acquiring an additional 2,121 shares during the period. 88.51% of the stock is owned by institutional investors.

Hess Stock Performance

HES opened at $150.37 on Tuesday. The firm has a market cap of $46.33 billion, a P/E ratio of 23.03 and a beta of 1.19. The business’s fifty day moving average is $152.93 and its 200-day moving average is $148.58. Hess Co. has a 52-week low of $129.12 and a 52-week high of $167.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.10 and a current ratio of 1.23.

Hess (NYSE:HES) last released its earnings results on Thursday, April 25th. The oil and gas producer reported $3.16 EPS for the quarter, beating the consensus estimate of $1.73 by $1.43. Hess had a net margin of 17.41% and a return on equity of 22.73%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm earned $1.13 EPS. The business’s quarterly revenue was up 36.2% compared to the same quarter last year. Sell-side analysts expect that Hess Co. will post 9.99 EPS for the current fiscal year.

Hess Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, June 14th. Hess’s payout ratio is presently 26.80%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HES shares. Susquehanna lifted their price target on Hess from $164.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Piper Sandler upped their price objective on shares of Hess from $172.00 to $173.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Mizuho lifted their target price on shares of Hess from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. StockNews.com assumed coverage on Hess in a research report on Thursday, June 20th. They issued a “sell” rating on the stock. Finally, Citigroup lifted their price target on Hess from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $177.83.

About 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.