Alberta Investment Management Corp Grows Stock Holdings in Hess Co. (NYSE:HES)

Alberta Investment Management Corp grew its holdings in shares of Hess Co. (NYSE:HES - Free Report) by 259.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 305,880 shares of the oil and gas producer's stock after acquiring an additional 220,680 shares during the quarter. Alberta Investment Management Corp owned 0.10% of Hess worth $40,685,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Hess by 2.4% during 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 in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Hess by 5.3% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,682 shares of the oil and gas producer's stock worth $224,000 after purchasing an additional 85 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of Hess by 6.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,577 shares of the oil and gas producer's stock valued at $214,000 after acquiring an additional 97 shares during the last quarter. Covestor Ltd boosted its position in shares of Hess by 59.8% during the 3rd quarter. Covestor Ltd now owns 262 shares of the oil and gas producer's stock valued at $36,000 after acquiring an additional 98 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in Hess by 6.3% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,673 shares of the oil and gas producer's stock valued at $231,000 after purchasing an additional 99 shares during the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Hess Stock Down 2.0 %

NYSE:HES traded down $3.00 during trading hours on Friday, hitting $147.96. The stock had a trading volume of 1,737,905 shares, compared to its average volume of 1,747,270. The company has a market cap of $45.59 billion, a PE ratio of 16.44 and a beta of 1.17. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The business has a 50 day simple moving average of $141.02 and a two-hundred day simple moving average of $139.17. Hess Co. has a 1-year low of $123.79 and a 1-year high of $163.98.

Hess (NYSE:HES - Get Free Report) last issued 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 return on equity of 26.32% and a net margin of 21.27%. Analysts predict that Hess Co. will post 8.08 EPS for the current year.

Hess Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Monday, December 16th. Hess's payout ratio is 22.22%.

Wall Street Analysts Forecast Growth

HES has been the subject of several research reports. Pickering Energy Partners raised shares of Hess to a "hold" rating in a research report on Friday, January 3rd. 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 research note on Monday, December 9th. StockNews.com assumed coverage on shares of Hess in a research note on Saturday. They set a "hold" rating on the stock. Citigroup increased their price objective on shares of Hess from $145.00 to $163.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Finally, UBS Group increased their price target on shares of Hess from $185.00 to $186.00 and gave the stock a "buy" rating in a 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $170.60.

About Hess

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.