Does Hess Corporation (HES) Have More Gas After Achieving 52-Week High?

April 25, 2018 - By Ellis Scott

Hess Corporation (NYSE:HES) Logo

Investors sentiment increased to 0.94 in 2017 Q4. Its up 0.06, from 0.88 in 2017Q3. It is positive, as 45 investors sold Hess Corporation 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.
Plante Moran Fin Ltd owns 162 shares for 0% of their portfolio. Van Eck Assocs Corporation owns 49,090 shares. Kbc Group Nv reported 0.01% stake. Cambridge Research Advsrs holds 0.01% of its portfolio in Hess Corporation (NYSE:HES) for 18,644 shares. Institute For Wealth Mngmt Limited Liability Com has invested 0.1% in Hess Corporation (NYSE:HES). Texas Yale Cap owns 7,600 shares. Investec Asset Mngmt North America has invested 0.2% in Hess Corporation (NYSE:HES). Amundi Pioneer Asset Inc holds 0.04% of its portfolio in Hess Corporation (NYSE:HES) for 504,663 shares. 48,502 were accumulated by Eagle Advsr Ltd Llc. Moreover, Highlander Cap Management Ltd Limited Liability Company has 0.12% invested in Hess Corporation (NYSE:HES) for 3,450 shares. Chevy Chase invested 0.05% in Hess Corporation (NYSE:HES). Qs Ltd Liability Corporation accumulated 28,409 shares. Cibc World Inc reported 43,205 shares. Asset Mgmt One Limited holds 0.05% or 439,393 shares. Reilly Financial Advisors Limited Liability Company has invested 0% in Hess Corporation (NYSE:HES).

Since February 8, 2018, it had 11 insider buys, and 15 selling transactions for $8.38 million activity. Hill Gregory P. had sold 6,312 shares worth $280,442 on Thursday, February 8. Truelove Brian D. had sold 1,926 shares worth $85,572 on Thursday, February 8. On Tuesday, March 6 LIPSCHULTZ MARC S bought $25,016 worth of Hess Corporation (NYSE:HES) or 516 shares. $25,016 worth of Hess Corporation (NYSE:HES) was bought by CHASE RODNEY F. Lowery-Yilmaz Barbara J sold 1,919 shares worth $85,261. $19,686 worth of Hess Corporation (NYSE:HES) shares were sold by Slentz Andrew P.

The stock of Hess Corporation (NYSE:HES) hit a new 52-week high and has $61.41 target or 5.00 % above today’s $58.49 share price. The 7 months bullish chart indicates low risk for the $18.43B company. The 1-year high was reported on Apr, 25 by Barchart.com. If the $61.41 price target is reached, the company will be worth $921.35M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.46% or $0.84 during the last trading session, reaching $58.49. About 1.67M shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since April 25, 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 has $60.0 highest and $38.0 lowest target. $51’s average target is -12.81% below currents $58.49 stock price. Hess had 15 analyst reports since November 17, 2017 according to SRatingsIntel. BMO Capital Markets maintained the shares of HES in report on Wednesday, April 11 with “Hold” rating. Cowen & Co maintained Hess Corporation (NYSE:HES) rating on Tuesday, January 16. Cowen & Co has “Hold” rating and $60.0 target. The firm has “Buy” rating by Piper Jaffray given on Tuesday, November 21. The company was downgraded on Friday, December 15 by J.P. Morgan. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, January 23 report. BMO Capital Markets maintained the shares of HES in report on Thursday, January 11 with “Hold” rating. The firm earned “Hold” rating on Tuesday, February 6 by BMO Capital Markets. JP Morgan downgraded the shares of HES in report on Friday, December 15 to “Underweight” rating. The rating was maintained by Piper Jaffray on Tuesday, February 6 with “Buy”. The stock of Hess Corporation (NYSE:HES) has “Equal-Weight” rating given on Wednesday, January 24 by Morgan Stanley.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company has market cap of $18.43 billion. The firm operates in two divisions, Exploration and Production, and Bakken Midstream. It currently has negative earnings. It is also involved in natural gas and crude oil gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading natural gas and crude oil liquids, and the storage and terminating of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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