Economy

Macquarie Group Ltd. Has $9.07 Million Position in Hess Corp. (NYSE:HES)

Analysts have predicted that WFC will grow it's earning at a 9.37% annual rate in the next 5 years. Bank & Trust Of America Corporation De invested 0.03% in Hess Corporation (NYSE:HES). They expect $-0.54 EPS, up 49.53 % or $0.53 from last year's $-1.07 per share. On average, analysts anticipate that Hess Corporation will post ($3.02) earnings per share for the current year. As a result, the company has Earnings per Share (EPS) growth of 30.9% for the coming year. Zacks' sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hess. Hess Corporation (NYSE:HES) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. The S&P 500 declined 0.6 percent to 2,642.19, with telecommunications and financials dropping more than 1 percent each. Hess had a negative return on equity of 9.82% and a negative net margin of 74.55%. Piper Jaffray maintained it with "Buy" rating and $53.0 target in Tuesday, February 6 report.

Therefore, the stated figure displays a quarterly performance of 4.71%, bringing six-month performance to 23.91% and year to date performance of 15.72%.

Several research analysts have issued reports on HES shares.

Analyst notified mean rating at 2.50 after consensus analysis. The rating was maintained by BMO Capital Markets with "Hold" on Thursday, January 11. They issued an "outperform" rating and a $65.00 target price for the company. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. The stock was sold at an average price of $47.98, for a total value of $135,591.48. Following the completion of the transaction, the senior vice president now directly owns 106,866 shares of the company's stock, valued at approximately $5,082,546.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

In other Hess news, CEO John B. Hess sold 93,712 shares of the firm's stock in a transaction on Thursday, February 8th.

Taking notice on volatility measures, Hess Corporation has noticeable recent volatility credentials; price volatility of stock was 3.98% for a recent week and 3.69% for a month. The disclosure for this sale can be found here. Hess Corporation traded 5508807 shares at hands versus to its average volume of 4569.59K shares. Hedge funds and other institutional investors own 92.38% of the company's stock.

Hess Corporation (NYSE:HES) shares jumped up 2.31% to close at $54.93.

Solaris Asset Management Llc decreased its stake in Hess Corp (HES) by 42.81% based on its latest 2017Q4 regulatory filing with the SEC. Finally, LPL Financial LLC boosted its stake in shares of Hess by 24.6% during the 4th quarter. For example, if a stock's beta is 1.2, it's theoretically 20% more volatile than the market. Clearline Capital LP acquired a new stake in shares of Hess in the 4th quarter worth $477,000. It is positive, as 45 investors sold Hess Corporation shares while 161 reduced holdings. Municipal Employees Retirement System of MI now owns 11,910 shares of the oil and gas producer's stock valued at $565,000 after buying an additional 4,930 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its position in shares of Hess by 9.3% in the 4th quarter.

The stock showed weekly performance of 5.45%, which was maintained for the month at 4.30%. JP Morgan upgraded the shares of HES in report on Thursday, December 8 to "Overweight" rating. We will analyze the growth, profitability, risk, valuation, and insider trends of both companies and see which one investors prefer. The company has a quick ratio of 2.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.52. Hess Corp. has a 12 month low of $37.25 and a 12 month high of $55.98.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. 250 shares valued at $505,000 were sold by EPSTEIN JEFFREY E on Monday, March 5. It has a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, March 16th. Relative volume is the comparison of current volume to average volume for the same time of day, and it's displayed as a ratio. Teachers Retirement System of The State of Kentucky now owns 317,846 shares of the oil and gas producer's stock worth $15,088,000 after purchasing an additional 41,800 shares during the period. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued. "(HES) This Quarter" was first posted by registrarjournal.com and is the sole property of of registrarjournal.com. If you are reading this piece on another domain, it was illegally copied and republished in violation of worldwide trademark and copyright legislation.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The firm operates in two divisions, Exploration and Production, and Bakken Midstream.Currently it has negative earnings. Corecommodity Mngmt Ltd Liability Company invested 0.09% in Hess Corporation (NYSE:HES).



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