Hess (HES) Given a $48.00 Price Target by Credit Suisse Group Analysts

Marco Green
April 16, 2018

Green Valley Investors Llc who had been investing in Walt Disney Co/The for a number of months, seems to be bullish on the $150.89 billion market cap company. The stock decreased 0.51% or $0.2 during the last trading session, reaching $39.12.

1492 Capital Management Llc, which manages about $188.45 million and $128.23M US Long portfolio, decreased its stake in Microsemi Corp (NASDAQ:MSCC) by 21,366 shares to 17,982 shares, valued at $929,000 in 2017Q4, according to the filing. It has underperformed by 15.77% the S&P500.

Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Hess Corp.by 23.5% in the third quarter. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The institutional investor held 560,000 shares of the integrated oil company at the end of 2017Q4, valued at $26.58M, up from 470,000 at the end of the previous reported quarter. The company has market cap of $16.10 billion. Geode Capital Management LLC now owns 2,928,183 shares of the oil and gas producer's stock worth $138,707,000 after acquiring an additional 85,707 shares in the last quarter. By selling 124,443 shares Mufg Americas Holdings Corp made the stock popped up with 6.08%. World Invsts has invested 0.06% in Hess Corporation (NYSE:HES). It has underperformed by 2.64% the S&P500. 15 are the (NYSE:HES)'s ratings reports on April 8, 2018 according to StockzIntelligence Inc. It also reduced its holding in Integrated Device Technology (NASDAQ:IDTI) by 19,874 shares in the quarter, leaving it with 93,000 shares, and cut its stake in Ani Pharmaceuticals Inc (NASDAQ:ANIP).

HES registered $8.38 million net activity with 11 insider purchases and 15 insider sales since February 8, 2018. 7,422 shs were sold by Hill Gregory P., worth $356,520. RIELLY JOHN P sold $135,592 worth of stock. Lowery-Yilmaz Barbara J sold $85,261 worth of stock. Hess Corp. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.31 billion.

Among 8 analysts covering Hess (NYSE:HES), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 24% are positive. Hess Corp. had 63 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained Hess Corporation (NYSE:HES) on Friday, September 1 with "Hold" rating.

Hess (NYSE:HES) last posted its quarterly earnings results on Monday, February 5th. The company rating was maintained by BMO Capital Markets on Thursday, January 11. The rating was maintained by Piper Jaffray on Tuesday, January 23 with "Buy". Finally, Morgan Stanley increased their price target on shares of Hess from $49.00 to $57.00 and gave the company an equal weight rating in a research note on Wednesday, January 24th.

In total 8 analysts cover Hess (NYSE:HES). The rating was downgraded by JP Morgan to "Neutral" on Thursday, September 14. Cowen & Co maintained the stock with "Hold" rating in Tuesday, January 16 report.

Investors sentiment increased to 0.94 in 2017 Q4. That's 0.06, from change from 2017Q3's 0.88. It increased, as 50 investors sold Church & Dwight Co., Inc. shares while 220 reduced holdings. 63 funds opened positions while 131 raised stakes. The company reported ($1.12) earnings per share for the quarter, beating the Zacks' consensus estimate of ($1.24) by $0.12. Piper Jaffray restated a "buy" rating and set a $52.00 target price on shares of Hess in a research note on Friday, February 23rd. Marathon Asset Mgmt LP owns 471,000 shs. Commonwealth Of Pennsylvania Public School Empls Retrmt System reported 42,199 shares. Bank of New York Mellon Corp raised its position in shares of Hess by 3.9% in the 4th quarter. (NYSE:CHD). Amundi Pioneer Asset Mngmt holds 0.02% or 286,501 shares. Nj State Employees Deferred Compensation Plan reported 10,000 shares stake. Proshare Advisors Limited Company holds 0% or 7,690 shares in its portfolio. Moreover, Cornerstone Capital Management Com has 0.02% invested in Hess Corporation (NYSE:HES). New Mexico Educational Retirement Board reported 0.05% of its portfolio in Hess Corporation (NYSE:HES). British Columbia Invest invested in 155,141 shares. Tiverton Asset Mngmt Ltd Llc holds 3,614 shares or 0.01% of its portfolio. Assetmark Inc holds 0% of its portfolio in Hess Corporation (NYSE:HES) for 3,531 shares. Ngam Advsrs LP reported 0.08% in Hess Corporation (NYSE:HES).

Prentiss Smith & Co Inc, which manages about $439.26 million and $205.08 million US Long portfolio, decreased its stake in Fedex Corp (NYSE:FDX) by 35,447 shares to 1,747 shares, valued at $436,000 in 2017Q4, according to the filing. Therefore 74% are positive. The rating was maintained by Jefferies with "Hold" on Thursday, June 1. As per Tuesday, April 11, the company rating was upgraded by Wolfe Research. The rating was upgraded by Credit Suisse to "Outperform" on Wednesday, July 22. As per Tuesday, November 3, the company rating was upgraded by Evercore. The stock of Chevron Corporation (NYSE:CVX) earned "Neutral" rating by UBS on Monday, August 3.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. The rating was maintained by Deutsche Bank with "Hold" on Monday, August 10. The company rating was maintained by BMO Capital Markets on Friday, November 17.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.01, from 0.89 in 2017Q3. Vigilant Mgmt Limited Liability invested in 100 shares. Oakworth Capital holds 67,590 shares. Beese Fulmer Inv Management holds 2.37% or 103,046 shares. Silvercrest Asset Management Group Incorporated Ltd Liability Company owns 29,760 shares for 0.01% of their portfolio. Price T Rowe Assocs Md holds 0.17% or 22.37 million shares in its portfolio. Hilltop Hldgs stated it has 5,782 shares or 0.14% of all its holdings. 9,078 were accumulated by Horizon Kinetics Limited Liability Corporation. Carlson Capital Ltd Partnership, Texas-based fund reported 367,426 shares. Tower Research Capital LLC TRC now owns 2,651 shares of the oil and gas producer's stock worth $126,000 after acquiring an additional 2,172 shares during the period. Buys 1,505 Shares of Hess Corp. Prentiss Smith & Co Inc who had been investing in Chevron Corp Com for a number of months, seems to be bullish on the $219.22B market cap company.

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