Investors sold shares of Hess Corp. (NYSE:HES) on strength during trading hours on Wednesday. $39.99 million flowed into the stock on the tick-up and $81.55 million flowed out of the stock on the tick-down, for a money net flow of $41.56 million out of the stock. Of all companies tracked, Hess Corp. had the 0th highest net out-flow for the day. Hess Corp. traded up $1.64 for the day and closed at $53.39

HES has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Hess Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, July 29th. Barclays PLC upped their price objective on shares of Hess Corp. from $48.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, April 8th. Simmons upped their price objective on shares of Hess Corp. from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Hess Corp. in a research report on Wednesday, June 8th. Finally, Howard Weil upped their price objective on shares of Hess Corp. from $59.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $62.13.

The company’s market capitalization is $16.72 billion. The firm has a 50-day moving average price of $56.07 and a 200-day moving average price of $52.54.

Hess Corp. (NYSE:HES) last announced its earnings results on Wednesday, July 27th. The company reported ($1.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.24) by $0.14. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue was down 34.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.52) EPS. Equities analysts expect that Hess Corp. will post ($5.11) earnings per share for the current fiscal year.

A number of institutional investors have made changes to their positions in HES. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 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 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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