Hess Corp. Draws Bullish Options Activity Today


 Hess Corp. Draws Bullish Options Activity Today

In today’s session Hess Corp. (HES) registered an unusually high (1,056) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious HES increase. With 1,056 contracts traded and 9664 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HES170120C00070000 closed last at: $0.6 or 39.5% up. The stock decreased 3.06% or $1.65 during the last trading session, hitting $52.25. About 4.73 million shares traded hands. Hess Corp. (NYSE:HES) has risen 21.64% since March 1, 2016 and is uptrending. It has outperformed by 12.40% the S&P500.

Analysts await Hess Corp. (NYSE:HES) to report earnings on October, 26. They expect $-1.06 EPS, down 2.91% or $0.03 from last year’s $-1.03 per share. After $-1.11 actual EPS reported by Hess Corp. for the previous quarter, Wall Street now forecasts -4.50% EPS growth.

Hess Corp. (NYSE:HES) Ratings Coverage

Out of 15 analysts covering Hess Corp. (NYSE:HES), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. $90 is the highest target while $38 is the lowest. The $60.81 average target is 16.38% above today’s ($52.25) stock price. Hess Corp. has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, January 12 report. On Wednesday, December 9 the stock rating was initiated by JP Morgan with “Neutral”. The rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, March 22. Barclays Capital maintained Hess Corp. (NYSE:HES) on Tuesday, January 12 with “Equal Weight” rating. The firm has “Neutral” rating given on Tuesday, January 5 by Citigroup. The company was downgraded on Saturday, August 8 by Zacks. The company was upgraded on Friday, July 31 by Societe Generale. The company was downgraded on Thursday, April 28 by Credit Suisse. The stock of Hess Corp. (NYSE:HES) earned “Outperform” rating by Credit Suisse on Wednesday, July 22. The stock of Hess Corp. (NYSE:HES) has “Buy” rating given on Tuesday, December 15 by Credit Agricole.

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.33, from 1.39 in 2016Q1. The ratio is negative, as 47 funds sold all Hess Corp. shares owned while 184 reduced positions. 64 funds bought stakes while 181 increased positions. They now own 240.51 million shares or 0.38% more from 239.60 million shares in 2016Q1.
Hilltop Park Associate Ltd last reported 8.77% of its portfolio in the stock. Proshare Advsrs Lc last reported 0.04% of its portfolio in the stock. Caisse De Depot Et Placement Du Quebec last reported 156,200 shares in the company. Moreover, Sumitomo Life Company has 0.2% invested in Hess Corp. (NYSE:HES) for 24,126 shares. Bangor Fincl Bank has 0.17% invested in the company for 11,403 shares. Smithfield Tru Company has 0% invested in the company for 173 shares. Moreover, Natl Pension Ser has 0.12% invested in Hess Corp. (NYSE:HES) for 217,938 shares. Wilen Invest Management last reported 0.55% of its portfolio in the stock. Horizon Kinetics Limited Liability holds 0.01% of its portfolio in Hess Corp. (NYSE:HES) for 7,355 shares. Spot Trading Ltd Liability Corp accumulated 0.19% or 180,256 shares. The California-based Tarbox Group has invested 0% in Hess Corp. (NYSE:HES). Blackrock Grp last reported 3.63 million shares in the company. Central National Bank & Trust And Trust has invested 0% of its portfolio in Hess Corp. (NYSE:HES). Waverton Management has 25,520 shares for 0.12% of their US portfolio. Bollard Group Ltd Llc has 0.04% invested in the company for 10,250 shares.

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 2 sales for $948,370 net activity. 2,000 shares were sold by Truelove Brian D., worth $108,520 on Friday, August 5. Hill Gregory P. sold $839,850 worth of stock or 15,000 shares.

Hess Corporation is an exploration and production company. The company has a market cap of $16.63 billion. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. It currently has negative earnings. The Company’s divisions include E&P, which is engaged in the sale of crude oil, natural gas liquids and natural gas, and Bakken Midstream, which provides services, including natural gas and crude oil gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading natural gas and crude oil liquids, and the storage and terminaling of propane, located in the Bakken shale play of North Dakota.

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