Hess Co. (NYSE:HES) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC grew its stake in Hess Co. (NYSE:HES) by 101.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 577,500 shares of the oil and gas producer’s stock after purchasing an additional 290,245 shares during the period. Calamos Advisors LLC’s holdings in Hess were worth $83,252,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NBC Securities Inc. purchased a new stake in Hess in the 3rd quarter valued at $26,000. KB Financial Partners LLC purchased a new stake in Hess in the 1st quarter valued at $26,000. Sound Income Strategies LLC purchased a new stake in Hess in the 4th quarter valued at $29,000. Larson Financial Group LLC purchased a new stake in Hess in the 3rd quarter valued at $30,000. Finally, IMA Wealth Inc. purchased a new stake in Hess in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

Wall Street Analysts Forecast Growth

HES has been the subject of several research reports. Mizuho upped their price target on shares of Hess from $200.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. StockNews.com assumed coverage on shares of Hess in a research report on Wednesday. They set a “sell” rating for the company. Susquehanna upped their price objective on shares of Hess from $152.00 to $156.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Piper Sandler upped their price objective on shares of Hess from $172.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hess has a consensus rating of “Hold” and an average price target of $176.75.

Insider Activity at Hess

In related news, SVP Andrew P. Slentz sold 1,062 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $144.52, for a total value of $153,480.24. Following the sale, the senior vice president now directly owns 50,215 shares of the company’s stock, valued at approximately $7,257,071.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Hess news, SVP Geurt G. Schoonman sold 13,921 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $151.08, for a total transaction of $2,103,184.68. Following the sale, the senior vice president now directly owns 33,581 shares of the company’s stock, valued at approximately $5,073,417.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew P. Slentz sold 1,062 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $153,480.24. Following the sale, the senior vice president now directly owns 50,215 shares in the company, valued at $7,257,071.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,798 shares of company stock valued at $22,811,166. Insiders own 9.76% of the company’s stock.

Hess Price Performance

Shares of HES traded up $0.98 during trading hours on Thursday, reaching $151.78. The company had a trading volume of 1,002,774 shares, compared to its average volume of 2,590,674. The firm has a 50 day simple moving average of $149.60 and a 200-day simple moving average of $146.76. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $46.76 billion, a price-to-earnings ratio of 33.65 and a beta of 1.27. Hess Co. has a 12-month low of $124.27 and a 12-month high of $167.75.

Hess (NYSE:HES) last issued its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Hess had a net margin of 12.98% and a return on equity of 17.00%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 EPS. Research analysts expect that Hess Co. will post 8.09 earnings per share for the current year.

Hess Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a $0.4375 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.75 dividend on an annualized basis and a yield of 1.15%. Hess’s payout ratio is 38.89%.

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.