Hess Co. (NYSE:HES) Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC increased its position in Hess Co. (NYSE:HES) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,420 shares of the oil and gas producer’s stock after acquiring an additional 776 shares during the period. Calamos Wealth Management LLC’s holdings in Hess were worth $11,495,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HES. Groupama Asset Managment lifted its position in shares of Hess by 22.7% during the third quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 4,186 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Hess by 59.8% in the third quarter. Covestor Ltd now owns 262 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 98 shares during the period. FSA Wealth Management LLC acquired a new position in Hess in the 3rd quarter valued at approximately $37,000. Eastern Bank bought a new position in shares of Hess during the 3rd quarter valued at $48,000. Finally, LRI Investments LLC raised its holdings in Hess by 157.2% in the 3rd quarter. LRI Investments LLC now owns 355 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 217 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Hess Stock Down 0.1 %

HES stock opened at $138.88 on Tuesday. Hess Co. has a 1-year low of $123.79 and a 1-year high of $163.98. The stock’s fifty day simple moving average is $140.69 and its two-hundred day simple moving average is $139.21. The stock has a market cap of $42.79 billion, a P/E ratio of 15.43 and a beta of 1.18. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Hess (NYSE:HES) last released its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%. Analysts expect that Hess Co. will post 7.69 EPS for the current year.

Hess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, December 16th. Hess’s dividend payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

HES has been the topic of a number of analyst reports. Susquehanna upped their target price on shares of Hess from $149.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Pickering Energy Partners raised shares of Hess to a “hold” rating in a research note on Friday, January 3rd. Citigroup upped 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. Wells Fargo & Company upgraded Hess from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $151.00 to $193.00 in a report on Monday, December 9th. Finally, StockNews.com assumed coverage on Hess in a research note on Wednesday, January 29th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.50.

Insider Buying and Selling

In other Hess news, CEO John B. Hess sold 90,476 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $142.47, for a total value of $12,890,115.72. Following the completion of the transaction, the chief executive officer now directly owns 223,147 shares in the company, valued at approximately $31,791,753.09. This represents a 28.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Geurt G. Schoonman sold 6,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $141.91, for a total value of $851,460.00. Following the transaction, the senior vice president now directly owns 27,581 shares of the company’s stock, valued at $3,914,019.71. This represents a 17.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 314,370 shares of company stock worth $45,856,309. Corporate insiders own 9.76% of the company’s stock.

Hess 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.