Hess Corporation (HES) — Recommendation Trends for

Ivan Schwartz
June 22, 2017

Hess Corporation (NYSE:HES) last posted its quarterly earnings results on Wednesday, April 26th. The fund owned 28,963,519 shares of the oil and gas producer's stock after buying an additional 28,357,619 shares during the period. They may also be used to assist the trader figure out proper support and resistance levels for the stock.

ILLEGAL ACTIVITY WARNING: "Bridgewater Associates LP Buys 6,779 Shares of Hess Corporation (HES)" was first published by The Cerbat Gem and is the property of of The Cerbat Gem.

Scotia Capital Inc increased Hess Corp (Put) (HES) stake by 300% reported in 2016Q4 SEC filing. On September 12, 2016 KLR Group added the stock to its research portfolio by announcing an initial rating of "Accumulate" and projecting a price target of $65.00. Argus Research maintained it with "Buy" rating and $53 target in Wednesday, October 21 report. Its last month's stock price volatility remained 1.77% which for the week stands at 2.21%. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Bank of America Corporation reiterated a "buy" rating and set a $80.00 price target on shares of Hess Corporation in a research report on Friday, April 14th. (NYSE:HES) has declined 14.55% since June 21, 2016 and is downtrending. About 4.67 million shares traded or 15.59% up from the average. The company has a market cap of $6.01B and its 12 month revenue was nearly $3.91B. Latest closing price was 0.88% above its 50-day moving average and -4.25% below its 200-day moving average. Hess Corp. had 31 analyst reports since July 22, 2015 according to SRatingsIntel.

The stock decreased 3.19% or $1.37 during the last trading session, reaching $41.59. The consensus recommendation for stock is 1.60. The Return on Equity (ROE) and Return on Investment values are -34.9 percent and -27 percent respectively. The Voloridge Investment Management Llc holds 1,959 shares with $294,000 value, down from 5,200 last quarter. Likewise, the downbeat performance for the last quarter was -12.75% and for the full year it was -28.69%. On average, equities analysts anticipate that Hess Corporation will post ($3.59) earnings per share for the current year. Over the past year Company's shares have been trading in the range of $42.67 and $65.56. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & global copyright & trademark law. The original version of this piece can be read at https://www.thestockobserver.com/2017/06/21/hess-corp-hes-pt-set-at-53-00-by-scotiabank-updated-updated-updated-updated.html.

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The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. The company have shares float of 808.02 million. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date will be Wednesday the 14th of June 2017. Hess Corporation's dividend payout ratio is presently -5.23%. L.P. (KKR) have 823.15 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. IFM Investors Pty Ltd acquired a new stake in shares of Hess Corporation during the fourth quarter worth $222,000. As of quarter end Clearbridge Investments, LLC had disposed of a total of 18 shares trimming its stake by 1.8%. Meanwhile, due to a recent pullback which led to a fall of nearly -15% in the past one month, the stock price is now with underperforming -33.23% so far on the year - still in weak zone. Levin Capital Strategies L.P. increased its position in Hess Corporation by 67.9% in the first quarter. The analysts estimated EPS for the higher end at -0.79 and lower end at -1.37 while the year ago reported earnings per share was -0.75. On May 3 the company was changed to a "Neutral" by Tigress Financial which was a cut from the previous " rating. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. BlackRock Advisors LLC now owns 5,753,331 shares of the oil and gas producer's stock valued at $308,494,000 after buying an additional 1,199,094 shares during the period. This gives investors an idea of how much the security has moved in the a year ago and whether it is trading near the top, middle or bottom of the range.

Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas.

Hess Corporation is an exploration and production company. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

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