Investors sold shares of Hess Corp. (NYSE:HES) on strength during trading hours on Thursday. $36.57 million flowed into the stock on the tick-up and $99.45 million flowed out of the stock on the tick-down, for a money net flow of $62.88 million out of the stock. Of all companies tracked, Hess Corp. had the 3rd highest net out-flow for the day. Hess Corp. traded up $0.48 for the day and closed at $53.87

Several equities analysts have recently issued reports on the stock. Scotiabank restated a “sector outperform” rating and set a $69.00 price objective (up previously from $59.00) on shares of Hess Corp. in a report on Tuesday, April 19th. Vetr upgraded shares of Hess Corp. from a “buy” rating to a “strong-buy” rating and set a $62.67 price objective on the stock in a report on Thursday, May 5th. Tigress Financial downgraded shares of Hess Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, May 3rd. Capital One Financial Corp. downgraded shares of Hess Corp. from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 27th. They noted that the move was a valuation call. Finally, Citigroup Inc. reiterated a “hold” rating and issued a $58.00 price target (up previously from $54.00) on shares of Hess Corp. in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Hess Corp. currently has a consensus rating of “Hold” and an average price target of $62.13.

The stock has a 50 day moving average price of $55.97 and a 200 day moving average price of $52.55. The company’s market capitalization is $16.87 billion.

Hess Corp. (NYSE:HES) last released 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. During the same period in the previous year, the firm posted ($0.52) EPS. The company earned $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. The company’s revenue for the quarter was down 34.4% on a year-over-year basis. On average, analysts anticipate that Hess Corp. will post ($5.08) earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Advantus Capital Management Inc raised its position in 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. GSA Capital Partners LLP raised its position in 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 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in 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. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in 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 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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