Hess Corp. (HES) : Lombard Odier Asset Management (europe) Ltd reduced its stake in Hess Corp. by 20.04% during the most recent quarter end. The investment management company now holds a total of 19,947 shares of Hess Corp. which is valued at $1,122,617 after selling 5,000 shares in Hess Corp. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Hess Corp. makes up approximately 2.02% of Lombard Odier Asset Management (europe) Ltd’s portfolio.
Other Hedge Funds, Including , Mosaic Family Wealth boosted its stake in HES in the latest quarter, The investment management firm added 427 additional shares and now holds a total of 522 shares of Hess Corp. which is valued at $29,378. Hess Corp. makes up approx 0.01% of Mosaic Family Wealth’s portfolio.Rhumbline Advisers boosted its stake in HES in the latest quarter, The investment management firm added 37,571 additional shares and now holds a total of 419,894 shares of Hess Corp. which is valued at $23,631,634. Hess Corp. makes up approx 0.07% of Rhumbline Advisers’s portfolio. Rafferty Asset Management sold out all of its stake in HES during the most recent quarter. The investment firm sold 20,173 shares of HES which is valued $1,140,581.Tradewinds Capital Management reduced its stake in HES by selling 29 shares or 10.07% in the most recent quarter. The Hedge Fund company now holds 259 shares of HES which is valued at $13,895. Hess Corp. makes up approx 0.01% of Tradewinds Capital Management’s portfolio.
Hess Corp. closed down -0.99 points or -1.82% at $53.31 with 37,76,731 shares getting traded on Thursday. Post opening the session at $53.75, the shares hit an intraday low of $52.76 and an intraday high of $54.2184 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Hess Corp. reported $-1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-1.24. The company had revenue of $1269.00 million for the quarter, compared to analysts expectations of $1012.50 million. The company’s revenue was down -34.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.52 EPS.
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.