Traders sold shares of Hess Corp. (NYSE:HES) on strength during trading 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 equities tracked, Hess Corp. had the 0th 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 weighed in on HES shares. Barclays PLC lifted 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. Vetr cut shares of Hess Corp. from a “strong-buy” rating to a “buy” rating and set a $60.67 price target on the stock. in a report on Monday, April 11th. Howard Weil boosted their price target on shares of Hess Corp. from $59.00 to $69.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 19th. Scotiabank restated a “sector outperform” rating and set a $69.00 price target (up from $59.00) on shares of Hess Corp. in a report on Tuesday, April 19th. Finally, Capital One Financial Corp. cut 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Hess Corp. currently has an average rating of “Hold” and a consensus price target of $62.13.

The stock’s market cap is $17.11 billion. The firm has a 50 day moving average of $55.93 and a 200 day moving average of $52.57.

Hess Corp. (NYSE:HES) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($1.10) earnings per share for the quarter, topping the consensus estimate of ($1.24) by $0.14. The business earned $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned ($0.52) EPS. Hess Corp.’s revenue for the quarter was down 34.4% compared to the same quarter last year. Equities analysts predict that Hess Corp. will post ($4.98) EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in HES. American International Group Inc. raised its position in Hess Corp. by 1.8% in the fourth quarter. American International Group Inc. now owns 91,106 shares of the company’s stock valued at $4,417,000 after buying an additional 1,570 shares in the last quarter. BlackRock Advisors LLC raised its position in Hess Corp. by 1.8% in the fourth quarter. BlackRock Advisors LLC now owns 1,029,927 shares of the company’s stock valued at $49,930,000 after buying an additional 18,327 shares in the last quarter. I.G. Investment Management LTD. raised its position in Hess Corp. by 76.8% in the fourth quarter. I.G. Investment Management LTD. now owns 49,121 shares of the company’s stock valued at $2,381,000 after buying an additional 21,340 shares in 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 valued at $1,378,000 after buying an additional 9,935 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Hess Corp. by 31.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 210,000 shares of the company’s stock valued at $10,181,000 after buying an additional 50,000 shares in 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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