Ilmarinen Mutual Pension Insurance Co increased its position in Hess Co. (NYSE:HES – Free Report) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,000 shares of the oil and gas producer’s stock after buying an additional 14,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Hess were worth $8,337,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in HES. Delta Asset Management LLC TN acquired a new position in Hess during the 4th quarter valued at about $26,000. KB Financial Partners LLC purchased a new position in Hess in the 1st quarter valued at approximately $26,000. New Hampshire Trust purchased a new position in Hess in the 4th quarter valued at approximately $35,000. TFC Financial Management Inc. purchased a new position in Hess in the 1st quarter valued at approximately $36,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Hess by 36.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 279 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 75 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Hess
In other news, SVP Barbara J. Lowery-Yilmaz sold 24,319 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $156.91, for a total value of $3,815,894.29. Following the transaction, the senior vice president now directly owns 113,670 shares of the company’s stock, valued at $17,835,959.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Gregory P. Hill sold 33,414 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $151.33, for a total transaction of $5,056,540.62. Following the completion of the sale, the chief operating officer now directly owns 82,932 shares in the company, valued at $12,550,099.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Barbara J. Lowery-Yilmaz sold 24,319 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $156.91, for a total transaction of $3,815,894.29. Following the sale, the senior vice president now owns 113,670 shares of the company’s stock, valued at $17,835,959.70. The disclosure for this sale can be found here. Insiders own 9.93% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on HES
Hess Stock Up 2.1 %
NYSE:HES opened at $161.25 on Wednesday. The firm has a market capitalization of $49.51 billion, a P/E ratio of 30.89 and a beta of 1.58. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.54 and a quick ratio of 1.43. The company’s fifty day moving average price is $149.40 and its 200-day moving average price is $140.01. Hess Co. has a 1-year low of $100.34 and a 1-year high of $162.86.
Hess (NYSE:HES – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Hess had a net margin of 14.60% and a return on equity of 19.56%. The company’s revenue was down 22.4% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. As a group, equities research analysts anticipate that Hess Co. will post 4.38 EPS for the current year.
Hess Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, September 15th. Hess’s dividend payout ratio is currently 33.52%.
Hess Company Profile
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.
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