Hess Corp.’s Stock Is Buy After Today’s Bullish Options Activity

 Hess Corp.'s Stock Is Buy After Today's Bullish Options Activity

In today’s session Hess Corp. (HES) registered an unusually high (4,091) 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 4,091 contracts traded and 33744 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HES170120C00052500 closed last at: $1.7 or 38.2% up. About 311,703 shares traded hands. Hess Corp. (NYSE:HES) has declined 9.32% since April 11, 2016 and is downtrending. It has underperformed by 15.46% the S&P500.

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 25.33% above today’s ($48.52) stock price. Hess Corp. has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Oppenheimer downgraded the stock to “Perform” rating in Tuesday, November 17 report. JP Morgan initiated the stock with “Neutral” rating in Wednesday, December 9 report. The firm has “Neutral” rating given on Thursday, April 28 by Credit Suisse. The stock of Hess Corp. (NYSE:HES) earned “Neutral” rating by Citigroup on Thursday, April 7. Barclays Capital maintained the shares of HES in a report on Tuesday, January 12 with “Equal Weight” rating. Argus Research upgraded Hess Corp. (NYSE:HES) on Tuesday, August 18 to “Buy” rating. The company was upgraded on Friday, July 31 by Societe Generale. The rating was initiated by KLR Group on Monday, September 12 with “Accumulate”. The stock of Hess Corp. (NYSE:HES) earned “Neutral” rating by UBS on Thursday, April 28. The company was downgraded on Saturday, August 8 by Zacks.

According to Zacks Investment Research, “New York-based Hess Corporation, previously known as Amerada Hess Corporation, is a global exploration and production company that develops, produces, purchases, transports and sells crude oil and natural gas. The company’s E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States. As of year-end 2014, Hess’ proved reserves tally stood at 1.43 billion oil-equivalent barrels. In 2013, Hess sold its gas stations and exited the refining business to operate as a pure play E&P.”

Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.33, from 1.39 in 2016Q1. The ratio worsened, 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.
Bluestein R H & Comm reported 77,550 shares or 0.36% of all its holdings. Utah Retirement last reported 51,534 shares in the company. Segment Wealth Mngmt Lc has 0.83% invested in the company for 33,517 shares. Qs Invsts Ltd Limited Liability Company last reported 6,457 shares in the company. Blackrock Inv Llc has 2.44 million shares for 0.19% of their US portfolio. Federated Pa last reported 2,625 shares in the company. Leuthold Group Ltd Liability last reported 27,084 shares in the company. Bnp Paribas Prns holds 416,066 shares or 0.21% of its portfolio. First Interstate Bank has 6,322 shares for 0.08% of their US portfolio. Brown Advisory Incorporated holds 34,395 shares or 0.01% of its portfolio. Letko Brosseau And Assoc holds 0.8% of its portfolio in Hess Corp. (NYSE:HES) for 1.40M shares. Cornerstone Capital Ltd has invested 0.07% of its portfolio in Hess Corp. (NYSE:HES). Agf Invs reported 43,048 shares or 0.03% of all its holdings. Moreover, Harvard Mngmt has 0.1% invested in Hess Corp. (NYSE:HES) for 8,592 shares. Highlander Management Ltd Liability accumulated 0.22% or 3,950 shares.

Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 3 sales for $1.19 million net activity. The insider Truelove Brian D. sold 2,000 shares worth $108,520. Hill Gregory P. had sold 15,000 shares worth $839,850.

Hess Corporation is an exploration and production company. The company has a market cap of $15.56 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.

HES Company Profile

Hess Corporation (Hess), incorporated on February 7, 1920, is an exploration and production (E&P) company. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. The Company’s divisions include E&P and Bakken Midstream. The Company’s E&P segment is engaged in the sale of crude oil, natural gas liquids and natural gas. The Bakken Midstream segment 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. The Firm has production activities located in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand (JDA), Malaysia and Norway.

More news for Hess Corp. (NYSE:HES) were recently published by: Upi.com, which released: “Losses for Hess Corp. continue to grow” on October 26, 2016. Nasdaq.com‘s article titled: “Hess Corp (HES): What’s in Store this Earnings Season?” and published on October 21, 2016 is yet another important article.

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