Shares of Hess Corp. (NYSE:HES) traded down 4.5% during trading on Monday . The company traded as low as $51.01 and last traded at $51.22, with a volume of 2,722,518 shares traded. The stock had previously closed at $53.65.

A number of analysts have commented on the company. Capital One Financial Corp. cut Hess Corp. from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 27th. They noted that the move was a valuation call. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of Hess Corp. in a research report on Wednesday, June 8th. Credit Suisse Group AG cut Hess Corp. from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $60.00 to $65.00 in a research report on Thursday, April 28th. They noted that the move was a valuation call. Scotiabank reaffirmed a “sector outperform” rating and set a $69.00 price target (up previously from $59.00) on shares of Hess Corp. in a research report on Tuesday, April 19th. Finally, Howard Weil lifted their price objective on Hess Corp. from $59.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.13.

The company’s 50-day moving average price is $56.19 and its 200-day moving average price is $52.54. The firm’s market cap is $16.60 billion.

Hess Corp. (NYSE:HES) last issued its earnings results on Wednesday, July 27th. The company reported ($1.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.24) by $0.14. The company earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted ($0.52) earnings per share. The company’s quarterly revenue was down 34.4% on a year-over-year basis. On average, equities analysts anticipate that Hess Corp. will post ($5.06) EPS for the current fiscal year.

A number of hedge funds and institutional investors recently modified their holdings of the stock. Advantus Capital Management Inc boosted 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 period. GSA Capital Partners LLP boosted 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 period. Suntrust Banks Inc. boosted 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Hess Corp. by 5.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 34,130 shares of the company’s stock worth $1,655,000 after buying an additional 1,830 shares during the period.

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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