WINTON GROUP Ltd Has $1.05 Million Holdings in Hess Co. (NYSE:HES)

WINTON GROUP Ltd cut its holdings in shares of Hess Co. (NYSE:HES - Free Report) by 54.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,896 shares of the oil and gas producer's stock after selling 9,485 shares during the quarter. WINTON GROUP Ltd's holdings in Hess were worth $1,050,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new stake in Hess in the 4th quarter valued at $3,117,000. Manning & Napier Advisors LLC bought a new stake in shares of Hess in the fourth quarter valued at about $2,274,000. Czech National Bank grew its position in Hess by 6.4% during the fourth quarter. Czech National Bank now owns 59,927 shares of the oil and gas producer's stock worth $7,971,000 after buying an additional 3,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hess by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,838,079 shares of the oil and gas producer's stock valued at $244,483,000 after acquiring an additional 82,703 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Hess by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 43,085 shares of the oil and gas producer's stock valued at $5,731,000 after acquiring an additional 1,861 shares in the last quarter. 88.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HES shares. Wells Fargo & Company upgraded Hess from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $151.00 to $193.00 in a research report on Monday, December 9th. UBS Group increased their price objective on shares of Hess from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Citigroup lifted their target price 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. Pickering Energy Partners raised shares of Hess to a "hold" rating in a research report on Friday, January 3rd. Finally, StockNews.com assumed coverage on Hess in a report on Wednesday, March 26th. They set a "hold" rating on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $170.60.

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Insider Transactions at Hess

In related news, CEO John B. Hess sold 175,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $159.30, for a total value of $27,877,500.00. Following the completion of the transaction, the chief executive officer now owns 2,384,679 shares in the company, valued at $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 is available at the SEC website. 9.76% of the stock is owned by company insiders.

Hess Price Performance

Shares of HES traded down $1.27 on Wednesday, hitting $160.03. The company's stock had a trading volume of 344,424 shares, compared to its average volume of 1,985,050. The company has a 50 day moving average price of $148.21 and a 200 day moving average price of $142.46. Hess Co. has a fifty-two week low of $123.79 and a fifty-two week high of $163.98. The company has a market capitalization of $49.33 billion, a PE ratio of 17.78 and a beta of 1.21. 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 (NYSE:HES - Get Free Report) last announced its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, topping 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, research analysts anticipate that Hess Co. will post 8.08 earnings per share for the current fiscal year.

Hess Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Monday, March 17th. Hess's payout ratio 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.