Mutual of America Capital Management LLC Decreases Holdings in Hess Co. (NYSE:HES)

Mutual of America Capital Management LLC cut its stake in Hess Co. (NYSE:HES - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,107 shares of the oil and gas producer's stock after selling 2,968 shares during the period. Mutual of America Capital Management LLC's holdings in Hess were worth $4,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HES. Sierra Ocean LLC purchased a new position in Hess in the fourth quarter valued at $27,000. Groupama Asset Managment raised its stake in Hess by 22.7% in the third quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 4,186 shares in the last quarter. Covestor Ltd raised its stake in Hess by 59.8% in the third quarter. Covestor Ltd now owns 262 shares of the oil and gas producer's stock valued at $36,000 after buying an additional 98 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Hess in the third quarter valued at $37,000. Finally, LRI Investments LLC raised its stake in Hess by 157.2% in the third quarter. LRI Investments LLC now owns 355 shares of the oil and gas producer's stock valued at $51,000 after buying an additional 217 shares in the last quarter. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HES has been the topic of a number of analyst reports. Citigroup raised their price target on Hess from $145.00 to $163.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Pickering Energy Partners upgraded Hess to a "hold" rating in a research note on Friday, January 3rd. Wells Fargo & Company upgraded 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. UBS Group raised their price target on Hess from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, StockNews.com started coverage on Hess in a research note on Sunday, March 2nd. They issued a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $170.60.

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Hess Stock Performance

Shares of HES traded up $4.39 during midday trading on Friday, reaching $147.73. 1,408,437 shares of the stock were exchanged, compared to its average volume of 1,974,124. The business's 50-day moving average price is $143.99 and its 200 day moving average price is $139.89. 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 twelve month low of $123.79 and a twelve month high of $163.98. The company has a market capitalization of $45.55 billion, a price-to-earnings ratio of 16.41 and a beta of 1.21.

Hess (NYSE:HES - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%. On average, sell-side analysts expect 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. Investors of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 17th. Hess's dividend payout ratio (DPR) is presently 22.22%.

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.