Marathon Asset Management LP Decreased Hess Corp (HES) Stake

The stock increased 0.86% or $0.03 during the last trading session, reaching $3.53. About 32.05M shares traded or 35.83% up from the average. It has underperformed by 11.55% the S&P500.

Marathon Asset Management Lp decreased its stake in Hess Corp (HES) by 62.32% based on its latest 2017Q4 regulatory filing with the SEC. Central Securities Corp acquired 90,000 shares as Hess Corp (HES)'s stock rose 6.08%. The institutional investor held 13,200 shares of the integrated oil company at the end of 2017Q4, valued at $627,000, down from 21,630 at the end of the previous reported quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Hess by 13.8% during the fourth quarter.

Hess stock opened at $56.32 on Friday. About 2.36 million shares traded. Chevy Chase Holdg Inc owns 0.05% invested in Hess Corporation (NYSE:HES) for 237,067 shares. It has underperformed by 2.64% the S&P500. This's net activity of $8.38 million. Cannell Peter B Company Incorporated holds 0.01% in Hess Corporation (NYSE:HES) or 5,100 shares.

Investors sentiment decreased to 1.05 in Q4 2017. It has change of 0.06, from 2017Q3's 0.88. It increased, as 78 investors sold CTL shares while 110 reduced holdings. 59 funds opened positions while 190 raised stakes. Artisan Prtnrs Limited Partnership reported 1.32 million shares. (NYSE:CTL). Moreover, Apriem Advsrs has 0.08% invested in CenturyLink, Inc. (NYSE:DLR) or 483,319 shares. The insider Hill Gregory P. sold 6,312 shares worth $280,442. Segall Bryant Hamill Ltd Co has invested 0.03% in CenturyLink, Inc. Shine Advisory Serv Inc reported 972 shares. Captrust Fincl Advisors holds 0.05% or 46,415 shares. Nwq Inv Management Co Ltd Liability Corp accumulated 1.74M shs. Brandywine Global Invest Mgmt Ltd Limited Liability Company invested in 262 shs. 200.80 million shares or 1.27% more from 198.28 million shares in 2017Q3 were reported. Goldman Sachs Group, Inc. Xact Kapitalforvaltning AB now owns 28,125 shares of the oil and gas producer's stock valued at $1,335,000 after purchasing an additional 2,936 shares in the last quarter. Tru Of Vermont owns 73 shares. The firm has "Buy" rating given on Saturday, August 8 by Zacks. Therefore 30% are positive. Wells Fargo & Company had 136 analyst reports since July 29, 2015 according to SRatingsIntel. On Monday, February 12 the stock has "Neutral" rating by Credit Suisse. The rating was downgraded by JP Morgan on Friday, December 15 to "Underweight". The firm earned "Hold" rating on Thursday, January 11 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Sunday, September 17 with "Hold". On Wednesday, October 18 Morgan Stanley maintained the shares of HES in report with "Equal-Weight" rating. The stock of CenturyLink, Inc. As per Thursday, September 14, the company rating was downgraded by JP Morgan.

During Q4 2017 the big money sentiment increased to 0.94. Its up 0.06, from 0.88 in 2017Q3. It increased, as 45 investors sold Hess Corporation shares while 161 reduced holdings. 63 funds bought stakes and 131 increased stakes. The hedge fund held 210,948 shares of the major banks company at the end of 2017Q4, valued at $12.80 million, down from 222,956 at the end of the previous reported quarter.

The stock of Hess Corporation (NYSE:HES) hit a new 52-week high and has $58.57 target or 4.00 % above today's $56.32 share price. Telos Cap Management Incorporated holds 0.08% or 3,904 shares in its portfolio. Commonwealth Retail Bank Of Aus stated it has 0% in Hess Corporation (NYSE:HES). Kbc Group Inc Nv reported 0.01% in Hess Corporation (NYSE:HES). The company had a trading volume of 3,355,004 shares. "(NYSE:HES) Shares Bought by Advisor Group Inc." was first published by The Lincolnian Online and is the property of of The Lincolnian Online. State Of Tennessee Treasury Department reported 69,871 shares stake. Quantbot Techs Lp reported 38,998 shares. Creative Planning accumulated 0% or 20,234 shares. Bbt Cap Mgmt Ltd Liability reported 40,000 shares. Fjarde Ap has 50,509 shares for 0.04% of their portfolio. Moreover, Caisse De Depot Et Placement Du Quebec has 0% invested in Hess Corporation (NYSE:HES).

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Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive.

Among 22 analysts covering Hess Corp. Piper Jaffray has "Buy" rating and $55.0 target. Citigroup maintained the shares of HES in report on Monday, September 14 with "Buy" rating. Macquarie started coverage on Hess in a research note on Wednesday, January 17th. On Tuesday, January 16 the stock rating was maintained by Cowen & Co with "Hold". Cowen & Co has "Hold" rating and $60.0 target. Finally, Piper Jaffray reissued a "buy" rating and issued a $52.00 price objective on shares of Hess in a research note on Friday, February 23rd. The rating was maintained by Citigroup on Friday, July 21 with "Neutral". ValuEngine raised Hess from a "sell" rating to a "hold" rating in a research note on Monday, April 2nd. The firm earned "Equal-Weight" rating on Tuesday, January 12 by Morgan Stanley.

Since February 8, 2018, it had 11 insider buys, and 15 sales for $8.38 million activity.

In related news, CEO John B. Hess sold 51,014 shares of the firm's stock in a transaction dated Tuesday, March 6th. 516 shares were bought by MCMANUS DAVID, worth $25,016. Another trade for 422 shares valued at $19,686 was made by Slentz Andrew P on Tuesday, March 6. The insider Lowery-Yilmaz Barbara J sold $85,261. Texas Yale Capital Corp.'s holdings in Hess Corporation were worth $518,000 at the end of the most recent reporting period.

Total analysts of 8 have positions in Hess (NYSE:HES) as follows: 1 rated it a "Buy", 2 with "Sell" and 5 with "Hold". Advisors Asset Management Inc. now owns 18,427 shares of the oil and gas producer's stock worth $864,000 after acquiring an additional 1,237 shares during the last quarter. The oil and gas producer reported ($1.01) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.91) by ($0.10).

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