Hess Co. (NYSE:HES) Stock Holdings Boosted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Hess Co. (NYSE:HES) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,247 shares of the oil and gas producer’s stock after purchasing an additional 2,389 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Hess were worth $2,102,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC lifted its holdings in Hess by 1.4% in the 1st quarter. Manchester Capital Management LLC now owns 5,102 shares of the oil and gas producer’s stock valued at $779,000 after acquiring an additional 68 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Hess by 7.3% in the 2nd quarter. Quent Capital LLC now owns 1,074 shares of the oil and gas producer’s stock worth $158,000 after purchasing an additional 73 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Hess by 17.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 507 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 77 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Hess by 16.9% during the second quarter. Versant Capital Management Inc now owns 540 shares of the oil and gas producer’s stock worth $80,000 after buying an additional 78 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in Hess by 10.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 855 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HES shares. Sanford C. Bernstein upgraded Hess from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $166.00 to $172.00 in a research report on Wednesday, July 17th. Scotiabank reduced their target price on Hess from $165.00 to $157.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. StockNews.com began coverage on Hess in a research report on Friday, June 28th. They issued a “hold” rating for the company. UBS Group cut their price objective on Hess from $193.00 to $192.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, Citigroup raised their target price on shares of Hess from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Hess currently has a consensus rating of “Hold” and an average target price of $175.77.

Hess Stock Down 0.0 %

Hess stock opened at $138.06 on Monday. Hess Co. has a twelve month low of $130.35 and a twelve month high of $167.75. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.14 and a current ratio of 1.27. The firm has a market cap of $42.54 billion, a PE ratio of 21.14 and a beta of 1.16. The firm’s 50 day moving average price is $143.47 and its two-hundred day moving average price is $148.81.

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

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.