Hess Corp. (HES) : National Investment Services Inc Wi added new position in Hess Corp. during the most recent quarter end. The investment management firm now holds 47,260 shares of Hess Corp. which is valued at $2,995,339 , the company said in a statement filed on Apr 18, 2016 with the SEC.Hess Corp. makes up approximately 3.35% of National Investment Services Inc Wi’s portfolio.
Hess Corp. opened for trading at $60.5 and hit $63.62 on the upside on Friday, eventually ending the session at $63.38, with a gain of 5.32% or 3.2 points. The heightened volatility saw the trading volume jump to 59,09,963 shares. Company has a market cap of $19,980 M.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in HES during the most recent quarter. The investment firm sold 1,075 shares of HES which is valued $61,458.Exxonmobil Investment Management Inc Tx boosted its stake in HES in the latest quarter, The investment management firm added 10,607 additional shares and now holds a total of 64,473 shares of Hess Corp. which is valued at $3,685,921. Hess Corp. makes up approx 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio. Edge Wealth Management sold out all of its stake in HES during the most recent quarter. The investment firm sold 105 shares of HES which is valued $5,748.Chevy Chase Trust Holdings boosted its stake in HES in the latest quarter, The investment management firm added 29,381 additional shares and now holds a total of 223,974 shares of Hess Corp. which is valued at $12,260,337. Hess Corp. makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, Hess Corp. reported $-1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $-1.47. The company had revenue of $1387.00 million for the quarter, compared to analysts expectations of $1528.09 million. The company’s revenue was down -45.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Hess Corp.. Company shares were Reiterated by Scotia Howard Weil on Apr 19, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $59 .Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 54 from a previous price target of $48 .Hess Corp. was Upgraded by Atlantic Equities to ” Overweight” on Mar 22, 2016.
Hess Corporation (Hess) is an exploration and production (E&P) company that develops produces purchases transports and sells crude oil and natural gas. Its production operations are located primarily in the United States Denmark Equatorial Guinea the Joint Development Area of Malaysia/Thailand Malaysia and Norway. The Company’s production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota the Permian Basin of Texas and the Utica Basin of Ohio. Approximately 16% of the Company’s crude oil and natural gas liquids production and 7% of its natural gas production were from European operations. Approximately 22% of the Company’s crude oil and natural gas liquids production were from its African operations. Approximately 1% of the Company’s crude oil and natural gas liquids production and 61% of its natural gas production were from its Asian and Other operations.