Hess Corp (HES) Stake Boosted by Central Securities Corp

April 21, 2018 - By Adrian Erickson

Hess Corporation (NYSE:HES) LogoInvestors sentiment increased to 0.94 in Q4 2017. Its up 0.06, from 0.88 in 2017Q3. It improved, as 45 investors sold HES shares while 161 reduced holdings. 63 funds opened positions while 131 raised stakes. 256.03 million shares or 0.61% more from 254.48 million shares in 2017Q3 were reported. Fjarde Ap, Alabama-based fund reported 50,509 shares. Aqr Mgmt Lc has invested 0% of its portfolio in Hess Corporation (NYSE:HES). Commonwealth Natl Bank Of holds 0% or 353 shares. Tiaa Cref Invest Management Ltd Llc reported 617,424 shares stake. Regions Corporation holds 0.02% or 29,291 shares. Keybank National Association Oh accumulated 0% or 9,600 shares. State Street owns 14.92 million shares for 0.06% of their portfolio. Neville Rodie Shaw owns 4,612 shares for 0.02% of their portfolio. Apg Asset Nv reported 1.71M shares. Us Retail Bank De stated it has 0% of its portfolio in Hess Corporation (NYSE:HES). Arizona State Retirement System reported 0.05% in Hess Corporation (NYSE:HES). Advantus Cap Mgmt Inc has invested 0.03% in Hess Corporation (NYSE:HES). Nikko Asset Management Americas owns 480,240 shares. Cna Finance reported 123,776 shares. Nuwave Invest Mngmt Ltd Liability Corporation stated it has 2,961 shares or 0.17% of all its holdings.

Since February 8, 2018, it had 11 insider purchases, and 15 sales for $8.38 million activity. 516 shares were bought by COLEMAN LEONARD S JR, worth $25,016. Another trade for 1,508 shares valued at $72,437 was sold by Lowery-Yilmaz Barbara J. 6,187 shares valued at $298,897 were sold by Turner Michael R on Tuesday, March 6. Shares for $25,016 were bought by Meyers Kevin Omar. $181,117 worth of Hess Corporation (NYSE:HES) was sold by Goodell Timothy B. on Tuesday, March 6. Another trade for 422 shares valued at $19,686 was made by Slentz Andrew P on Tuesday, March 6.

Central Securities Corp increased its stake in Hess Corp (HES) by 19.15% based on its latest 2017Q4 regulatory filing with the SEC. Central Securities Corp bought 90,000 shares as the company’s stock rose 6.08% while stock markets declined. The institutional investor held 560,000 shares of the integrated oil company at the end of 2017Q4, valued at $26.58 million, up from 470,000 at the end of the previous reported quarter. Central Securities Corp who had been investing in Hess Corp for a number of months, seems to be bullish on the $18.21B market cap company. The stock decreased 0.67% or $0.39 during the last trading session, reaching $57.81. About 4.38 million shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since April 21, 2017 and is uptrending. It has underperformed by 2.64% the S&P500.

Hess Corporation (NYSE:HES) Ratings Coverage

Among 8 analysts covering Hess (NYSE:HES), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. Hess had 14 analyst reports since November 17, 2017 according to SRatingsIntel. The rating was downgraded by JP Morgan on Friday, December 15 to “Underweight”. Piper Jaffray maintained it with “Buy” rating and $52.0 target in Tuesday, November 21 report. The firm has “Hold” rating by BMO Capital Markets given on Thursday, January 11. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, January 24. J.P. Morgan downgraded it to “Sell” rating and $44.0 target in Friday, December 15 report. As per Monday, February 12, the company rating was upgraded by Credit Suisse. Credit Suisse initiated Hess Corporation (NYSE:HES) on Monday, December 11 with “Sell” rating. Piper Jaffray maintained the shares of HES in report on Tuesday, January 23 with “Buy” rating. The stock of Hess Corporation (NYSE:HES) has “Hold” rating given on Tuesday, February 6 by BMO Capital Markets. Piper Jaffray maintained Hess Corporation (NYSE:HES) on Tuesday, February 6 with “Buy” rating.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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