Callan Family Office LLC Takes $380,000 Position in Hess Co. (NYSE:HES)

Callan Family Office LLC bought a new stake in Hess Co. (NYSE:HES - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,860 shares of the oil and gas producer's stock, valued at approximately $380,000.

Several other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in shares of Hess by 12.5% in the third quarter. Farther Finance Advisors LLC now owns 1,064 shares of the oil and gas producer's stock valued at $144,000 after acquiring an additional 118 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Hess by 134.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,143 shares of the oil and gas producer's stock worth $834,000 after buying an additional 3,524 shares during the period. QRG Capital Management Inc. grew its position in shares of Hess by 16.2% in the 3rd quarter. QRG Capital Management Inc. now owns 1,915 shares of the oil and gas producer's stock worth $260,000 after buying an additional 267 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Hess by 9.8% during the third quarter. Concurrent Investment Advisors LLC now owns 2,026 shares of the oil and gas producer's stock valued at $275,000 after acquiring an additional 180 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Hess by 3.4% in the third quarter. Principal Financial Group Inc. now owns 326,921 shares of the oil and gas producer's stock worth $44,396,000 after acquiring an additional 10,738 shares during the period. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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Hess Stock Up 0.2 %

HES stock traded up $0.33 during trading on Wednesday, hitting $144.94. 645,929 shares of the stock traded hands, compared to its average volume of 1,973,642. The stock has a market cap of $44.68 billion, a price-to-earnings ratio of 16.11 and a beta of 1.21. 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 1 year low of $123.79 and a 1 year high of $163.98. The firm's 50 day moving average is $144.56 and its two-hundred day moving average is $140.07.

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 analysts' consensus estimates of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%. On average, sell-side analysts anticipate that Hess Co. will post 8.08 EPS for the current year.

Hess Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, March 17th. Hess's payout ratio is 22.22%.

Analyst Upgrades and Downgrades

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

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.