Hess Co. (NYSE:HES) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Hess Co. (NYSE:HES) by 8.2% in the 4th quarter, Holdings Channel reports. The firm owned 33,107 shares of the oil and gas producer’s stock after selling 2,968 shares during the period. Mutual of America Capital Management LLC’s holdings in Hess were worth $4,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Hess in the fourth quarter valued at about $27,000. Groupama Asset Managment increased its position in Hess by 22.7% in the 3rd quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 4,186 shares during the period. Covestor Ltd raised its stake in Hess by 59.8% during the 3rd quarter. Covestor Ltd now owns 262 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 98 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Hess during the 3rd quarter worth approximately $37,000. Finally, LRI Investments LLC grew its stake in shares of Hess by 157.2% in the 3rd quarter. LRI Investments LLC now owns 355 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Hess Trading Down 1.0 %

Shares of Hess stock opened at $142.64 on Wednesday. The company has a 50-day moving average of $143.17 and a two-hundred day moving average of $139.79. The stock has a market cap of $43.95 billion, a PE ratio of 15.85 and a beta of 1.17. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Hess Co. has a 12-month low of $123.79 and a 12-month high of $163.98.

Hess (NYSE:HES) last released its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%. On average, research analysts anticipate that Hess Co. will post 8.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on HES. Citigroup upped their price target on Hess from $145.00 to $163.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. StockNews.com assumed coverage on shares of Hess in a research report on Sunday. They set a “hold” rating for the company. Pickering Energy Partners raised shares of Hess to a “hold” rating in a report on Friday, January 3rd. Wells Fargo & Company raised shares of Hess from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $151.00 to $193.00 in a report on Monday, December 9th. Finally, UBS Group lifted their price objective on Hess from $185.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Hess currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.60.

Hess 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.