Cambridge Investment Research Advisors Inc. Acquires 768 Shares of Hess Co. (NYSE:HES)

Cambridge Investment Research Advisors Inc. raised its position in shares of Hess Co. (NYSE:HES) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,007 shares of the oil and gas producer’s stock after purchasing an additional 768 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Hess were worth $1,771,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HES. International Assets Investment Management LLC purchased a new position in Hess in the 4th quarter worth approximately $13,550,000. Savant Capital LLC grew its position in Hess by 34.7% in the 4th quarter. Savant Capital LLC now owns 3,071 shares of the oil and gas producer’s stock valued at $443,000 after acquiring an additional 791 shares during the last quarter. Sapient Capital LLC bought a new position in Hess in the 4th quarter valued at $575,000. National Bank of Canada FI grew its position in Hess by 136.2% in the 4th quarter. National Bank of Canada FI now owns 190,098 shares of the oil and gas producer’s stock valued at $27,522,000 after acquiring an additional 109,603 shares during the last quarter. Finally, Summit Trail Advisors LLC bought a new position in Hess in the 4th quarter valued at $228,000. 88.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HES shares. UBS Group dropped their price target on Hess from $193.00 to $192.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Scotiabank dropped their price target on Hess from $165.00 to $157.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. BMO Capital Markets downgraded Hess to an “overweight” rating and dropped their price target for the stock from $175.00 to $160.00 in a research report on Monday, August 19th. Sanford C. Bernstein raised Hess from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $166.00 to $172.00 in a research report on Wednesday, July 17th. Finally, Citigroup upped their price objective on Hess from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $175.77.

Hess Trading Down 0.0 %

Shares of NYSE HES opened at $138.06 on Tuesday. Hess Co. has a twelve month low of $130.35 and a twelve month high of $167.75. The stock has a market capitalization of $42.54 billion, a PE ratio of 21.14 and a beta of 1.16. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $143.23 and a 200-day simple moving average of $148.74.

Hess (NYSE:HES) last released its earnings results on Wednesday, July 31st. The oil and gas producer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.48 by $0.14. Hess had a return on equity of 27.43% and a net margin of 21.22%. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the firm posted $0.65 EPS. Hess’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, equities analysts forecast that Hess Co. will post 11.12 earnings per share for the current year.

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.