Investors sold shares of Hess Corp. (NYSE:HES) on strength during trading hours on Monday. $25.33 million flowed into the stock on the tick-up and $135.01 million flowed out of the stock on the tick-down, for a money net flow of $109.68 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 $0.37 for the day and closed at $56.65

HES has been the subject of a number of research analyst reports. Vetr downgraded shares of Hess Corp. from a “buy” rating to a “hold” rating and set a $61.50 price objective for the company. in a report on Monday, April 18th. Howard Weil raised their price objective on shares of Hess Corp. from $59.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 19th. Scotiabank reiterated a “sector outperform” rating and issued a $69.00 target price (up previously from $59.00) on shares of Hess Corp. in a research note on Tuesday, April 19th. 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. Finally, Credit Suisse Group AG downgraded shares of Hess Corp. from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $60.00 to $65.00 in a research note on Thursday, April 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $62.13.

The firm’s market capitalization is $17.50 billion. The firm has a 50 day moving average price of $55.59 and a 200 day moving average price of $53.63.

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, topping the Thomson Reuters’ consensus estimate of ($1.24) by $0.14. The firm earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The company’s revenue was down 34.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.52) earnings per share. Equities research analysts predict that Hess Corp. will post ($4.95) earnings per share for the current year.

In related news, COO Gregory P. Hill sold 15,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $55.99, for a total value of $839,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of large investors have recently added to or reduced their stakes in the company. Advantus Capital Management Inc raised its stake in Hess Corp. by 1.4% in the fourth quarter. Advantus Capital Management Inc now owns 22,930 shares of the company’s stock valued at $1,112,000 after buying an additional 315 shares in the last quarter. Suntrust Banks Inc. raised its stake 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. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake 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 valued at $1,655,000 after buying an additional 1,830 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Hess Corp. by 1.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 44,009 shares of the company’s stock valued at $2,134,000 after buying an additional 454 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its stake 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.

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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