Wellington Management Group LLP Has $511.33 Million Stock Holdings in Hess Co. (NYSE:HES)

Wellington Management Group LLP lifted its position in Hess Co. (NYSE:HES - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,844,257 shares of the oil and gas producer's stock after buying an additional 91,131 shares during the period. Wellington Management Group LLP owned approximately 1.25% of Hess worth $511,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC lifted its position in Hess by 3.5% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,154 shares of the oil and gas producer's stock worth $287,000 after acquiring an additional 72 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Hess by 1.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,971 shares of the oil and gas producer's stock worth $528,000 after purchasing an additional 73 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in shares of Hess by 5.3% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,682 shares of the oil and gas producer's stock worth $224,000 after buying an additional 85 shares in the last quarter. Howard Capital Management Inc. grew its position in shares of Hess by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 1,809 shares of the oil and gas producer's stock valued at $241,000 after purchasing an additional 90 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Hess by 18.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 629 shares of the oil and gas producer's stock valued at $84,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HES shares. StockNews.com started coverage on Hess in a research note on Thursday. They issued a "hold" rating for the company. Citigroup raised their target price on shares of Hess from $145.00 to $163.00 and gave the company a "neutral" rating in a report on Friday, December 6th. UBS Group boosted 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. Pickering Energy Partners upgraded shares of Hess to a "hold" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company upgraded shares of Hess from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $151.00 to $193.00 in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $170.60.

Hess Stock Down 9.1 %

HES stock traded down $13.56 during midday trading on Friday, hitting $134.82. 2,658,102 shares of the company's stock were exchanged, compared to its average volume of 1,872,579. 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 12-month low of $123.79 and a 12-month high of $163.98. The firm has a 50 day moving average price of $148.58 and a 200-day moving average price of $142.62. The stock has a market capitalization of $41.56 billion, a price-to-earnings ratio of 14.95 and a beta of 0.88.

Hess (NYSE:HES - Get Free Report) last posted its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (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%. On average, analysts anticipate that Hess Co. will post 8.08 EPS for the current year.

Hess Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, March 17th. Hess's dividend payout ratio is currently 22.22%.

Insider Buying and Selling at Hess

In other news, CEO John B. Hess sold 175,000 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $159.30, for a total transaction of $27,877,500.00. Following the transaction, the chief executive officer now owns 2,384,679 shares in the company, valued at approximately $379,879,364.70. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 9.76% of the company's stock.

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.