Barrow Hanley Mewhinney & Strauss LLC lifted its position in Hess Corporation (NYSE:HES) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,227,746 shares of the oil and gas producer’s stock after buying an additional 82,901 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.33% of Hess worth $198,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers bought a new stake in shares of Hess in the 3rd quarter worth $349,000. IFM Investors Pty Ltd bought a new stake in shares of Hess in the 3rd quarter worth $385,000. California Public Employees Retirement System raised its stake in shares of Hess by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 919,767 shares of the oil and gas producer’s stock worth $43,128,000 after buying an additional 33,316 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Hess by 168.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 58,480 shares of the oil and gas producer’s stock worth $2,742,000 after buying an additional 36,714 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Hess in the 3rd quarter worth $5,861,000. 89.73% of the stock is currently owned by institutional investors.

In other news, insider Brian D. Truelove sold 6,000 shares of Hess stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.53, for a total transaction of $255,180.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Gregory P. Hill sold 7,400 shares of Hess stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $44.62, for a total value of $330,188.00. The disclosure for this sale can be found here. Insiders own 11.80% of the company’s stock.

Hess Corporation (HES) opened at $43.40 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.68 and a current ratio of 1.84. Hess Corporation has a 1-year low of $37.25 and a 1-year high of $64.91.

Hess (NYSE:HES) last issued its earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.29) by $0.22. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Hess had a negative return on equity of 9.30% and a negative net margin of 113.21%. The company’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.12) EPS. research analysts predict that Hess Corporation will post -4.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. Hess’s dividend payout ratio is -4.95%.

A number of research firms have recently commented on HES. Zacks Investment Research downgraded Hess from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Morgan Stanley boosted their price objective on Hess from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Credit Suisse Group initiated coverage on Hess in a research note on Monday, December 11th. They issued an “underperform” rating and a $38.00 price objective on the stock. BMO Capital Markets set a $45.00 target price on Hess and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Scotiabank set a $50.00 target price on Hess and gave the stock a “buy” rating in a report on Friday, November 17th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.87.

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Hess Profile

Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

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Institutional Ownership by Quarter for Hess (NYSE:HES)

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