Barrow Hanley Mewhinney & Strauss LLC Has $443.59 Million Holdings in Hess Co. (NYSE:HES)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in shares of Hess Co. (NYSE:HES - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,334,987 shares of the oil and gas producer's stock after selling 97,262 shares during the quarter. Hess accounts for 1.5% of Barrow Hanley Mewhinney & Strauss LLC's holdings, making the stock its 23rd biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.08% of Hess worth $443,587,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. J.Safra Asset Management Corp acquired a new stake in shares of Hess in the 4th quarter valued at $25,000. Sierra Ocean LLC acquired a new stake in Hess in the fourth quarter valued at about $27,000. Millstone Evans Group LLC bought a new position in Hess in the fourth quarter valued at about $33,000. FSA Wealth Management LLC acquired a new position in Hess during the third quarter worth about $37,000. Finally, Rialto Wealth Management LLC bought a new position in shares of Hess in the fourth quarter worth about $37,000. Institutional investors own 88.51% of the company's stock.

Wall Street Analyst Weigh In

HES has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Hess from $185.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. StockNews.com initiated coverage on Hess in a research note on Thursday. They issued a "hold" rating for the company. Citigroup boosted their price objective on Hess from $145.00 to $163.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Pickering Energy Partners upgraded Hess to a "hold" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company upgraded Hess from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $151.00 to $193.00 in a report on Monday, December 9th. Six equities 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $170.60.

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Hess Trading Down 6.8 %

HES stock traded down $10.94 during trading on Thursday, hitting $149.08. The company had a trading volume of 2,027,168 shares, compared to its average volume of 1,860,664. 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 Co. has a one year low of $123.79 and a one year high of $163.98. The business has a 50-day moving average of $148.51 and a 200-day moving average of $142.58. The stock has a market cap of $45.96 billion, a PE ratio of 16.56 and a beta of 1.21.

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 for the quarter, topping 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%. Research analysts predict that Hess Co. will post 8.08 earnings per share for the current fiscal year.

Hess Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Hess's payout ratio is 22.22%.

Insiders Place Their Bets

In related news, CEO John B. Hess sold 175,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $159.30, for a total value of $27,877,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,384,679 shares of the company's stock, valued at $379,879,364.70. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.76% of the company's stock.

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.