Today: Today, Amica Pension Fund Board of Trustees decides to keep it stake in Hess Corp. (HES) to the level of $1,262,000

Today, Amica Pension Fund Board of Trustees decides to keep it stake in Hess Corp. (HES) to the level of $1,262,000

Amica Pension Fund Board of Trustees held its position in Hess Corp. (NYSE:HES) during the third quarter, Holdings Channel reports. The fund owned 23,543 shares of the company’s stock at the end of the third quarter. Amica Pension Fund Board of Trustees’ holdings in Hess Corp. were worth $1,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Hess Corp. by 87.8% in the second quarter. Bank of New York Mellon Corp now owns 4,595,412 shares of the company’s stock valued at $276,185,000 after buying an additional 2,148,332 shares during the period. Van ECK Associates Corp raised its stake in Hess Corp. by 214.4% in the second quarter. Van ECK Associates Corp now owns 2,022,925 shares of the company’s stock valued at $121,578,000 after buying an additional 1,379,472 shares during the period. American Century Companies Inc. bought a new stake in Hess Corp. during the second quarter valued at about $80,777,000. APG Asset Management N.V. raised its stake in Hess Corp. by 61.3% in the second quarter. APG Asset Management N.V. now owns 2,897,557 shares of the company’s stock valued at $174,143,000 after buying an additional 1,101,593 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Hess Corp. by 16.8% in the second quarter. Alliancebernstein L.P. now owns 7,274,288 shares of the company’s stock valued at $437,185,000 after buying an additional 1,045,026 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Shares of Hess Corp. (NYSE:HES) traded down 0.88% during midday trading on Friday, reaching $52.73. The company’s stock had a trading volume of 947,416 shares. The company’s 50-day moving average price is $50.64 and its 200 day moving average price is $54.09. Hess Corp. has a 12-month low of $32.41 and a 12-month high of $63.76. The company’s market capitalization is $16.52 billion.

Hess Corp. (NYSE:HES) last posted its quarterly earnings data on Wednesday, October 26th. The company reported ($1.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.24) by $0.12. Hess Corp. had a negative return on equity of 7.51% and a negative net margin of 63.18%. The firm earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned ($1.03) EPS. The company’s revenue for the quarter was down 29.2% compared to the same quarter last year. On average, equities research analysts forecast that Hess Corp. will post ($5.07) earnings per share for the current year.

Several research firms have recently issued reports on HES. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Hess Corp. in a report on Monday, October 31st. KLR Group began coverage on Hess Corp. in a report on Monday, September 12th. They set an “accumulate” rating and a $65.00 target price on the stock. Barclays PLC reduced their target price on Hess Corp. from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Hess Corp. in a research note on Thursday, July 28th. Finally, Zacks Investment Research lowered Hess Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.57.

In other news, insider Brian D. Truelove sold 5,000 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $47.41, for a total value of $237,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gregory P. Hill sold 2,951 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $51.78, for a total value of $152,802.78. The disclosure for this sale can be found here. 11.83% of the stock is owned by insiders.

About Hess Corp.

Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. Its segments include E&P, which is engaged in the sale of crude oil, natural gas liquids and natural gas, and Bakken Midstream, which provides services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, located in the Bakken shale play of North Dakota.

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