Advisor Partners LLC boosted its stake in Hess Corporation (NYSE:HES) by 15.3% during the second quarter, Holdings Channel reports. The firm owned 5,290 shares of the oil and gas producer’s stock after buying an additional 702 shares during the period. Advisor Partners LLC’s holdings in Hess Corporation were worth $232,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Hess Corporation by 4,680.2% in the first quarter. BlackRock Inc. now owns 28,963,519 shares of the oil and gas producer’s stock worth $1,396,331,000 after buying an additional 28,357,619 shares during the last quarter. Levin Capital Strategies L.P. boosted its stake in Hess Corporation by 67.9% in the first quarter. Levin Capital Strategies L.P. now owns 3,242,044 shares of the oil and gas producer’s stock worth $156,299,000 after buying an additional 1,310,706 shares during the last quarter. Vanguard Group Inc. boosted its stake in Hess Corporation by 6.5% in the first quarter. Vanguard Group Inc. now owns 19,338,184 shares of the oil and gas producer’s stock worth $932,293,000 after buying an additional 1,173,577 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Hess Corporation by 524.8% in the first quarter. Russell Investments Group Ltd. now owns 1,102,685 shares of the oil and gas producer’s stock worth $53,154,000 after buying an additional 926,213 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Hess Corporation by 31.0% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,832,180 shares of the oil and gas producer’s stock worth $184,749,000 after buying an additional 907,826 shares during the last quarter. Institutional investors own 85.80% of the company’s stock.

Hess Corporation (NYSE:HES) opened at 41.33 on Friday. The stock’s 50 day moving average is $43.26 and its 200-day moving average is $47.48. The firm’s market capitalization is $12.99 billion. Hess Corporation has a one year low of $39.89 and a one year high of $65.56.

Hess Corporation (NYSE:HES) last released its earnings results on Wednesday, July 26th. The oil and gas producer reported ($1.46) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.32) by $0.14. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Hess Corporation had a negative return on equity of 8.49% and a negative net margin of 118.07%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.10) earnings per share. On average, analysts anticipate that Hess Corporation will post ($4.75) EPS for the current fiscal year.

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A number of equities research analysts have commented on the stock. BMO Capital Markets set a $55.00 price target on shares of Hess Corporation and gave the stock a “hold” rating in a report on Saturday, June 17th. Scotiabank set a $50.00 price target on shares of Hess Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. Wolfe Research cut shares of Hess Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Cowen and Company set a $55.00 price target on shares of Hess Corporation and gave the stock a “hold” rating in a report on Monday, July 10th. Finally, ValuEngine upgraded shares of Hess Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Hess Corporation has a consensus rating of “Hold” and an average target price of $54.06.

In other news, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.47, for a total value of $168,359.31. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.80% of the stock is owned by corporate insiders.

Hess Corporation Company 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 Corporation (NYSE:HES)

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