HESS CORPORATION COM (HES) : New Century Advisors reduced its stake in HESS CORPORATION COM by 48.28% during the most recent quarter end. The investment management company now holds a total of 37,500 shares of HESS CORPORATION COM which is valued at $2,376,750 after selling 35,000 shares in HESS CORPORATION COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.HESS CORPORATION COM makes up approximately 2.83% of New Century Advisors’s portfolio.
HESS CORPORATION COM closed down -1.98 points or -3.13% at $61.27 with 84,47,385 shares getting traded on Wednesday. Post opening the session at $62, the shares hit an intraday low of $60.7 and an intraday high of $63.76 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in HES in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 311 shares of HESS CORPORATION COM which is valued at $19,711. HESS CORPORATION COM makes up approx 0.01% of Advisory Services Network’s portfolio. Centurylink Investment Management Co sold out all of its stake in HES during the most recent quarter. The investment firm sold 4,506 shares of HES which is valued $285,590.Carroll Financial Associates boosted its stake in HES in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 952 shares of HESS CORPORATION COM which is valued at $60,338. HESS CORPORATION COM makes up approx 0.01% of Carroll Financial Associates’s portfolio.Wilen Investment Management Corp. reduced its stake in HES by selling 600 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 14,012 shares of HES which is valued at $801,066. HESS CORPORATION COM makes up approx 0.53% of Wilen Investment Management Corp.’s portfolio.Lenox Wealth Advisors reduced its stake in HES by selling 148 shares or 32.31% in the most recent quarter. The Hedge Fund company now holds 310 shares of HES which is valued at $17,723. HESS CORPORATION COM makes up approx 0.01% of Lenox Wealth Advisors’s portfolio.
On the company’s financial health, HESS CORPORATION COM reported $-1.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-1.83. The company had revenue of $993.00 million for the quarter, compared to analysts expectations of $1004.80 million. The company’s revenue was down -35.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.98 EPS.
Many Wall Street Analysts have commented on HESS CORPORATION COM. 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 CORPORATION COM 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.