Hess Co. (NYSE:HES) Stock Position Increased by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its position in shares of Hess Co. (NYSE:HES - Free Report) by 156.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,294 shares of the oil and gas producer's stock after buying an additional 14,207 shares during the quarter. Hess makes up 1.3% of Machina Capital S.A.S.'s holdings, making the stock its 3rd largest holding. Machina Capital S.A.S.'s holdings in Hess were worth $3,098,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HES. Farther Finance Advisors LLC lifted its stake in shares of Hess by 12.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,064 shares of the oil and gas producer's stock valued at $144,000 after buying an additional 118 shares in the last quarter. Janney Montgomery Scott LLC increased 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 valued at $834,000 after acquiring an additional 3,524 shares during the last quarter. QRG Capital Management Inc. increased its holdings in 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 valued at $260,000 after acquiring an additional 267 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Hess by 9.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 2,026 shares of the oil and gas producer's stock worth $275,000 after buying an additional 180 shares during the last quarter. Finally, M&G PLC increased its holdings in shares of Hess by 4.6% in the 3rd quarter. M&G PLC now owns 41,090 shares of the oil and gas producer's stock worth $5,588,000 after buying an additional 1,812 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company's stock.

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Hess Stock Up 3.1 %

Shares of HES traded up $4.39 during mid-day trading on Friday, hitting $147.73. The company's stock had a trading volume of 1,408,437 shares, compared to its average volume of 1,974,124. The company's 50-day moving average is $143.99 and its 200-day moving average is $139.92. Hess Co. has a 52-week low of $123.79 and a 52-week high of $163.98. The firm has a market capitalization of $45.55 billion, a price-to-earnings ratio of 16.41 and a beta of 1.21. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Hess (NYSE:HES - Get Free Report) last posted its 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, equities research analysts forecast that Hess Co. will post 8.08 EPS for the current fiscal year.

Hess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 1.35%. Hess's payout ratio is 22.22%.

Analyst Upgrades and Downgrades

HES has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of Hess from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $151.00 to $193.00 in a report on Monday, December 9th. StockNews.com assumed coverage on shares of Hess in a report on Sunday, March 2nd. They set a "hold" rating on the stock. Pickering Energy Partners raised shares of Hess to a "hold" rating in a research report on Friday, January 3rd. Citigroup boosted their price objective on shares of 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 boosted their price objective on shares of Hess from $185.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $170.60.

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.