Aigen Investment Management LP Increases Position in Hess Co. (NYSE:HES)

Aigen Investment Management LP grew its stake in Hess Co. (NYSE:HES - Free Report) by 74.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,761 shares of the oil and gas producer's stock after buying an additional 8,016 shares during the period. Aigen Investment Management LP's holdings in Hess were worth $2,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HES. Checchi Capital Advisers LLC raised its holdings in Hess by 3.5% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,154 shares of the oil and gas producer's stock worth $287,000 after purchasing an additional 72 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in Hess by 2.4% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 3,266 shares of the oil and gas producer's stock valued at $444,000 after buying an additional 78 shares during the period. Moss Adams Wealth Advisors LLC grew its position in Hess by 5.3% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,682 shares of the oil and gas producer's stock valued at $224,000 after acquiring an additional 85 shares during the period. Howard Capital Management Inc. raised its stake in shares of Hess by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 1,809 shares of the oil and gas producer's stock valued at $241,000 after acquiring an additional 90 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Hess by 18.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 629 shares of the oil and gas producer's stock worth $84,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HES shares. Wells Fargo & Company upgraded shares of Hess from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $151.00 to $193.00 in a research note on Monday, December 9th. Pickering Energy Partners upgraded Hess to a "hold" rating in a report on Friday, January 3rd. StockNews.com initiated coverage on shares of Hess in a research report on Sunday. They issued a "hold" rating for the company. Citigroup raised their price target on Hess from $145.00 to $163.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, UBS Group increased their price objective on shares of Hess from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.60.

Hess Price Performance

Shares of NYSE HES opened at $142.64 on Wednesday. The firm's 50-day simple moving average is $143.17 and its 200 day simple moving average is $139.79. The stock has a market cap of $43.95 billion, a price-to-earnings ratio of 15.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.12. Hess Co. has a fifty-two week low of $123.79 and a fifty-two week high of $163.98.

Hess (NYSE:HES - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (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%. As a group, research analysts anticipate that Hess Co. will post 8.08 earnings per share for the current fiscal year.

Hess 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.

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