Published: Sun, January 14, 2018
Finance | By Loren Pratt

Hess Corp. (HES) Given Average Rating of "Hold" by Brokerages


Amf Pensionsforsakring Ab who had been investing in Hess Corp for a number of months, seems to be less bullish one the $17.33B market cap company.

Hess Corporation (NYSE:HES) shares were trading higher by 3.25 percent ($1.72) at $54.72 a piece in Thursday's session. About 5.52M shares traded or 30.51% up from the average. It has underperformed by 31.25% the S&P500. Pacer Advisors Inc. increased its stake in Hess by 8.2% in the 2nd quarter.

Ftb Advisors Inc decreased its stake in Verizon Communications (VZ) by 74.88% based on its latest 2017Q3 regulatory filing with the SEC. The stock traded within a range of $53.18 and $55.48. The institutional investor held 13,409 shares of the integrated oil company at the end of 2017Q3, valued at $629,000, down from 1.25M at the end of the previous reported quarter. Temasek Holdings Private Ltd who had been investing in Visa Inc for a number of months, seems to be bullish on the $272.01B market cap company. The stock decreased 0.48% or $0.25 during the last trading session, reaching $51.86. About 439,557 shares traded. It has outperformed by 3.59% the S&P500. (NYSE:HD) rating on Wednesday, September 13. The ex-dividend date is Friday, December 15th. The insider Bojdak Robert J sold 1,200 shares worth $196,100. Therefore 71% are positive. Crown Castle International Corp had 57 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley reissued an equal weight rating on shares of Hess in a research report on Saturday, September 16th. (NASDAQ:TBBK) on Tuesday, August 9 to "Strong Buy" rating. The rating was maintained by Cowen & Co with "Buy" on Friday, July 14. The rating was downgraded by Oppenheimer on Tuesday, November 17 to "Perform". The firm has "Outperform" rating by Wells Fargo given on Friday, May 5. The company was initiated on Wednesday, February 15 by Loop Capital. Nisa Investment Advisors LLC now owns 106,965 shares of the oil and gas producer's stock valued at $5,078,000 after purchasing an additional 18,632 shares during the period. It also reduced its holding in Exponent Inc.

Investors sentiment increased to 1.97 in Q3 2017. Its down 0.09, from 0.94 in 2017Q2. Keybank National Association Oh owns 12,457 shares. 115 funds opened positions while 233 raised stakes. (NYSE:VZ). Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.24% or 331,762 shares in its portfolio. They expect $1.17 earnings per share, up 4.46% or $0.05 from last year's $1.12 per share. Shareholders of record on Monday, December 18th were given a dividend of $0.25 per share. Gabelli Funds Ltd Liability Co owns 233,500 shares or 0.22% of their USA portfolio. $449,927 worth of Hess Corporation (NYSE:HES) was sold by Hill Gregory P. Pub Sector Pension Invest Board holds 8,111 shares. Riverhead Mngmt Llc has invested 0.04% in M&T Bank Corporation (NYSE:MTB). Prospector Prns Ltd stated it has 98,100 shares or 0.7% of all its holdings. Factory Mutual Insurance accumulated 782,000 shares or 0.4% of the stock. Dupont Capital invested 0% of its portfolio in M&T Bank Corporation (NYSE:MTB). Cibc World Mkts holds 30,139 shares or 0.01% of its portfolio. Hotchkis Wiley Capital Management Limited Liability Corporation holds 1.7% or 9.21M shares in its portfolio. (NYSE:V). Baxter Bros Incorporated reported 4.59% stake. Its up 0.89, from 1.08 in 2017Q2.

More notable recent Hess Corporation (NYSE:HES) news were published by: Investorplace.com which released: "3 Stocks to Watch on Friday: DDR Corp (DDR), Hess Corp". 48 funds opened positions while 133 raised stakes. The institutional investors in our partner's database now possess: 254.48 million shares, up from 250.30 million shares in 2017Q2. State Street Corporation reported 0% of its portfolio in The Bancorp, Inc. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation holds 0.11% or 64,000 shares. Legal And General Gru Public Limited Co reported 15,044 shares. Td Asset Management has 84,033 shares for 0.01% of their portfolio.


Analysts await Hess Corporation (NYSE:HES) to report earnings on January, 24. 2,000 are held by Contravisory Inv. Guinness Asset Management Limited invested 2.35% of its portfolio in Hess Corporation (NYSE:HES).

Temasek Holdings Private Ltd, which manages about $17.17 billion US Long portfolio, decreased its stake in Ihs Markit Ltd by 3.84M shares to 17.34 million shares, valued at $764.20M in 2017Q3, according to the filing. Manning & Napier Ltd Liability Corp reported 63,826 shares stake. ELLIOTT ASSOCIATES, L.P. also announced increased position in Hess Corporation (HES) during the quarter.

Since August 8, 2017, it had 0 insider purchases, and 3 insider sales for $873,466 activity.

The business's quarterly revenue was up 39.3% compared to the same quarter last year. equities research analysts forecast that Hess Corp. will post -4.62 EPS for the current fiscal year. Out of 22 Wall Street analysts rating Hess Corp., 9 give it "Buy", 3 "Sell" rating, while 10 recommend "Hold". Therefore 83% are positive. HES was included in 56 notes of analysts from July 22, 2015. BMO Capital Markets maintained Hess Corporation (NYSE:HES) on Monday, June 26 with "Hold" rating. The company now has an average rating of "Hold" and a consensus target price of $50.87. JP Morgan maintained the stock with "Neutral" rating in Monday, January 25 report. The company was downgraded on Friday, December 15 by JP Morgan. Zacks Investment Research upgraded Hess from a "hold" rating to a "buy" rating and set a $53.00 price target for the company in a research report on Thursday, November 9th. Roosevelt Investment Gp Inc has invested 0.5% in Hess Corporation (NYSE:HES). The firm has "Buy" rating given on Monday, October 2 by RBC Capital Markets. Societe Generale downgraded the shares of HAL in report on Tuesday, July 19 to "Hold" rating. The firm has "Buy" rating by Piper Jaffray given on Thursday, October 5. Cowen & Co maintained it with "Hold" rating and $5500 target in Monday, July 10 report.

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