Investors bought shares of Hess Corp. (NYSE:HES) on weakness during trading hours on Friday. $39.84 million flowed into the stock on the tick-up and $22.16 million flowed out of the stock on the tick-down, for a money net flow of $17.68 million into the stock. Of all equities tracked, Hess Corp. had the 21st highest net in-flow for the day. Hess Corp. traded down ($0.79) for the day and closed at $54.12

A number of equities analysts have weighed in on HES shares. Simmons raised their target price on shares of Hess Corp. to $54.00 in a research note on Friday, March 25th. Zacks Investment Research raised shares of Hess Corp. from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, April 5th. Vetr downgraded shares of Hess Corp. from a “strong-buy” rating to a “buy” rating and set a $60.67 target price for the company. in a research note on Monday, April 11th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of Hess Corp. in a research note on Friday, May 20th. Finally, Capital One Financial Corp. downgraded shares of Hess Corp. from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Hess Corp. presently has an average rating of “Hold” and an average target price of $62.26.

The stock’s market cap is $16.23 billion. The company’s 50 day moving average is $57.64 and its 200 day moving average is $51.87.

Hess Corp. (NYSE:HES) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($1.72) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.83) by $0.11. The company had revenue of $993 million for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted ($0.98) EPS. The company’s revenue for the quarter was down 35.9% compared to the same quarter last year. Analysts anticipate that Hess Corp. will post ($5.08) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%.

A number of hedge funds and institutional investors recently modified their holdings of HES. Advantus Capital Management Inc raised its position in shares of Hess Corp. by 1.4% in the fourth quarter. Advantus Capital Management Inc now owns 22,930 shares of the company’s stock worth $1,112,000 after buying an additional 315 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of Hess Corp. by 4.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 24,184 shares of the company’s stock worth $1,172,000 after buying an additional 1,103 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Hess Corp. by 52.6% in the fourth quarter. GSA Capital Partners LLP now owns 27,480 shares of the company’s stock worth $1,332,000 after buying an additional 9,474 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Hess Corp. by 53.7% in the fourth quarter. Suntrust Banks Inc. now owns 28,449 shares of the company’s stock worth $1,378,000 after buying an additional 9,935 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Hess Corp. by 2.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,916 shares of the company’s stock worth $1,499,000 after buying an additional 659 shares during the last quarter.

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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