The stock of Hess Corp. (NYSE:HES) is a huge mover today! About 1.98M shares traded hands. Hess Corp. (NYSE:HES) has declined 15.04% since April 13, 2016 and is downtrending. It has underperformed by 18.97% the S&P500.
The move comes after 9 months positive chart setup for the $15.92 billion company. It was reported on Nov, 15 by Barchart.com. We have $80.64 PT which if reached, will make NYSE:HES worth $9.87 billion more.
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. Hess Corp. has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, March 22 by Atlantic Securities. The rating was upgraded by Societe Generale to “Buy” on Friday, July 31. The rating was downgraded by Citigroup to “Neutral” on Tuesday, January 5. The company was maintained on Thursday, April 7 by Citigroup. The rating was maintained by Citigroup on Monday, September 14 with “Buy”. As per Wednesday, July 22, the company rating was upgraded by Credit Suisse. The company was downgraded on Saturday, August 8 by Zacks. Credit Agricole initiated the shares of HES in a report on Tuesday, December 15 with “Buy” rating. The company was upgraded on Tuesday, August 18 by Argus Research. The rating was initiated by KLR Group with “Accumulate” on Monday, September 12.
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 dropped, 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.
Oakbrook Invests Limited Co holds 0.12% of its portfolio in Hess Corp. (NYSE:HES) for 35,850 shares. Hancock owns 235,813 shares or 0.59% of their US portfolio. Sunbelt reported 27 shares or 0% of all its holdings. Moreover, Westpac Bk has 0% invested in Hess Corp. (NYSE:HES) for 156,485 shares. Natl Bank Of Nova Scotia owns 5,278 shares or 0% of their US portfolio. Bluestein R H, a Michigan-based fund reported 77,550 shares. Asset has invested 0.07% of its portfolio in Hess Corp. (NYSE:HES). Segment Wealth Mgmt Lc accumulated 33,517 shares or 0.83% of the stock. Ny State Teachers Retirement Systems accumulated 446,210 shares or 0.07% of the stock. Adage Capital Prtnrs Gru, a Massachusetts-based fund reported 2.06M shares. Nj State Employees Deferred Compensation Plan holds 10,000 shares or 0.13% of its portfolio. Blue Bell Private Wealth Mgmt Ltd Liability Company last reported 0.03% of its portfolio in the stock. Banque Pictet & Cie Sa has invested 0.01% of its portfolio in Hess Corp. (NYSE:HES). Tci Wealth Advisors Incorporated, a Arizona-based fund reported 11 shares. California State Teachers Retirement System last reported 0.08% of its portfolio in the stock.
Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 3 selling transactions for $1.19 million net activity. Truelove Brian D. sold $108,520 worth of stock or 2,000 shares. 15,000 Hess Corp. (NYSE:HES) shares with value of $839,850 were sold by Hill Gregory P..
More recent Hess Corp. (NYSE:HES) news were published by: Upi.com which released: “Losses for Hess Corp. continue to grow” on October 26, 2016. Also Businesswire.com published the news titled: “Hess to Participate in Bank of America Merrill Lynch 2016 Global Energy Conference” on November 10, 2016. Nasdaq.com‘s news article titled: “Hess Corp (HES): What’s in Store this Earnings Season?” with publication date: October 21, 2016 was also an interesting one.
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.
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