NuWave Investment Management LLC lifted its holdings in shares of Hess Corp. (NYSE:HES) by 7,236.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,201 shares of the oil and gas producer’s stock after acquiring an additional 2,171 shares during the quarter. NuWave Investment Management LLC’s holdings in Hess were worth $140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Hess by 14.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 58,438 shares of the oil and gas producer’s stock valued at $3,715,000 after buying an additional 7,300 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Hess by 7.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 60,896 shares of the oil and gas producer’s stock valued at $3,871,000 after buying an additional 4,034 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Hess by 3.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,080 shares of the oil and gas producer’s stock valued at $1,721,000 after buying an additional 939 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Hess by 8,810.0% in the 2nd quarter. CENTRAL TRUST Co now owns 8,910 shares of the oil and gas producer’s stock valued at $557,000 after buying an additional 8,810 shares during the last quarter. Finally, Packer & Co Ltd grew its position in shares of Hess by 23.7% in the 2nd quarter. Packer & Co Ltd now owns 2,094,952 shares of the oil and gas producer’s stock valued at $133,176,000 after buying an additional 400,736 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

In related news, insider Michael R. Turner sold 30,345 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $65.17, for a total transaction of $1,977,583.65. Following the sale, the insider now owns 94,537 shares in the company, valued at approximately $6,160,976.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael R. Turner sold 25,170 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $63.20, for a total value of $1,590,744.00. Following the sale, the insider now owns 92,812 shares in the company, valued at approximately $5,865,718.40. The disclosure for this sale can be found here. Insiders sold a total of 140,158 shares of company stock worth $9,196,837 in the last quarter. Corporate insiders own 12.22% of the company’s stock.

NYSE HES opened at $59.74 on Tuesday. The company has a 50-day moving average of $61.05. Hess Corp. has a 12 month low of $35.59 and a 12 month high of $74.81. The company has a market cap of $18.13 billion, a price-to-earnings ratio of -80.73 and a beta of 1.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.69 and a quick ratio of 1.57.

A number of research firms have commented on HES. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley set a $23.00 price target on Cabot Oil & Gas and gave the company a “hold” rating in a research report on Monday, June 24th. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Capital One Financial upgraded Hess from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th. Finally, MKM Partners upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Hess has a consensus rating of “Hold” and a consensus price target of $69.46.

Hess Company Profile

Hess Corporation, an exploration and production company, explores for, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico.

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Institutional Ownership by Quarter for Hess (NYSE:HES)

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