As Hess Corp (HES) Market Valuation Rose, Central Securities Corp Has Increased Its Stake

April 21, 2018 - By Nellie Frank

Hess Corporation (NYSE:HES) LogoInvestors sentiment increased to 0.94 in 2017 Q4. Its up 0.06, from 0.88 in 2017Q3. It increased, as 45 investors sold HES shares while 161 reduced holdings. 63 funds opened positions while 131 raised stakes. 256.03 million shares or 0.61% more from 254.48 million shares in 2017Q3 were reported. 14.92 million are held by State Street. 20,018 are owned by Centurylink Mgmt Communications. California Employees Retirement Sys accumulated 925,946 shares. Engineers Gate Manager Limited Partnership invested in 28,529 shares. Bollard Grp Llc reported 4,021 shares stake. Parkside Comml Bank & Tru has invested 0% in Hess Corporation (NYSE:HES). Hartford Invest Mngmt Commerce reported 0.05% stake. Fayez Sarofim And invested in 32,894 shares. Colrain Ltd Liability Com owns 75,053 shares. Bbt Mngmt Lc accumulated 40,000 shares or 0.38% of the stock. Old Mutual Glob Investors (Uk) accumulated 15,900 shares. Hermes Invest Management Ltd has invested 1.13% in Hess Corporation (NYSE:HES). Advantus Mngmt stated it has 27,281 shares or 0.03% of all its holdings. Jpmorgan Chase & Company holds 392,354 shares or 0% of its portfolio. Kentucky Retirement reported 16,656 shares or 0.06% of all its holdings.

Since February 8, 2018, it had 11 insider purchases, and 15 sales for $8.38 million activity. $25,016 worth of Hess Corporation (NYSE:HES) was bought by Meyers Kevin Omar. 516 shares valued at $25,016 were bought by LIPSCHULTZ MARC S on Tuesday, March 6. Quigley James H. had bought 516 shares worth $25,016. HESS JOHN B sold $4.15M worth of stock or 93,712 shares. RIELLY JOHN P sold $135,592 worth of Hess Corporation (NYSE:HES) on Tuesday, March 6. On Tuesday, March 6 the insider SCHRADER WILLIAM G. bought $25,016.

Central Securities Corp increased its stake in Hess Corp (HES) by 19.15% based on its latest 2017Q4 regulatory filing with the SEC. Central Securities Corp bought 90,000 shares as the company’s stock rose 6.08% while stock markets declined. The institutional investor held 560,000 shares of the integrated oil company at the end of 2017Q4, valued at $26.58 million, up from 470,000 at the end of the previous reported quarter. Central Securities Corp who had been investing in Hess Corp for a number of months, seems to be bullish on the $18.21 billion market cap company. The stock decreased 0.67% or $0.39 during the last trading session, reaching $57.81. About 4.38M shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since April 21, 2017 and is uptrending. It has underperformed by 2.64% the S&P500.

Hess Corporation (NYSE:HES) Ratings Coverage

Among 8 analysts covering Hess (NYSE:HES), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. Hess had 14 analyst reports since November 17, 2017 according to SRatingsIntel. The stock of Hess Corporation (NYSE:HES) has “Sell” rating given on Monday, December 11 by Credit Suisse. The stock of Hess Corporation (NYSE:HES) has “Buy” rating given on Tuesday, January 23 by Piper Jaffray. The rating was downgraded by JP Morgan on Friday, December 15 to “Underweight”. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, April 11. The stock has “Hold” rating by BMO Capital Markets on Friday, November 17. Piper Jaffray maintained the shares of HES in report on Tuesday, February 6 with “Buy” rating. On Tuesday, February 6 the stock rating was maintained by BMO Capital Markets with “Hold”. Cowen & Co maintained it with “Hold” rating and $60.0 target in Tuesday, January 16 report. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, January 24 report. The rating was downgraded by J.P. Morgan on Friday, December 15 to “Sell”.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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