5,931 Shares in Hess Co. (NYSE:HES) Acquired by Kiker Wealth Management LLC

Kiker Wealth Management LLC acquired a new position in Hess Co. (NYSE:HES - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,931 shares of the oil and gas producer's stock, valued at approximately $789,000.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in Hess by 780.9% in the 4th quarter. Teacher Retirement System of Texas now owns 16,358 shares of the oil and gas producer's stock valued at $2,176,000 after purchasing an additional 14,501 shares in the last quarter. Decagon Asset Management LLP purchased a new position in Hess in the 4th quarter worth approximately $24,386,000. Birnam Oak Advisors LP acquired a new stake in Hess in the fourth quarter valued at approximately $17,998,000. Nikko Asset Management Americas Inc. raised its stake in shares of Hess by 5.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 6,657 shares of the oil and gas producer's stock valued at $885,000 after purchasing an additional 352 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Hess by 19.5% during the fourth quarter. Parallel Advisors LLC now owns 3,058 shares of the oil and gas producer's stock worth $407,000 after purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company's stock.

Analyst Upgrades and Downgrades

HES has been the topic of several analyst reports. Pickering Energy Partners raised shares of Hess to a "hold" rating in a research note on Friday, January 3rd. Citigroup lifted their target price on Hess from $145.00 to $163.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company raised Hess from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $151.00 to $193.00 in a report on Monday, December 9th. StockNews.com assumed coverage on Hess in a report on Tuesday, March 18th. They set a "hold" rating on the stock. Finally, UBS Group increased their target price on Hess from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Hess has an average rating of "Moderate Buy" and an average price target of $170.60.

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Hess Stock Performance

HES traded up $1.16 during trading hours on Tuesday, hitting $158.51. 1,540,643 shares of the stock were exchanged, compared to its average volume of 1,759,900. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 1.13. Hess Co. has a 12 month low of $123.79 and a 12 month high of $163.98. The stock has a 50-day simple moving average of $146.98 and a 200-day simple moving average of $141.10. The stock has a market cap of $48.87 billion, a price-to-earnings ratio of 17.61 and a beta of 1.21.

Hess (NYSE:HES - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%. Analysts anticipate that Hess Co. will post 8.08 earnings per share for the current year.

Hess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, March 17th. Hess's payout ratio is 22.22%.

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.