The DnB Asset Management AS Sells 5300 Shares of Hess Corporation (HES)

Lloyd Doyle
December 23, 2017

The 9 months wedge indicates low risk for the $14.94B company. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.68 and a current ratio of 1.84. About 2.72M shares traded. The Massachusetts-based Cadence Management Limited Com has invested 0.1% in Hess Corporation (NYSE:HES). It has underperformed by 31.25% the S&P500.

Twin Tree Management Lp increased its stake in Mosaic Co New (MOS) by 564.4% based on its latest 2017Q3 regulatory filing with the SEC. Sky Investment Group Llc bought 23,685 shares as the company's stock rose 13.21% with the market. The institutional investor held 157,840 shares of the building materials company at the end of 2017Q3, valued at $7.19M, up from 143,472 at the end of the previous reported quarter. The company has market cap of 2.32 billion GBP. The stock increased 0.78% or $0.37 during the last trading session, reaching $47.82. Newell Brands Inc. (NYSE:NWL) has risen 11.94% since December 23, 2016 and is uptrending. It has underperformed by 18.79% the S&P500. On Friday, December 8 the stock rating was initiated by Citigroup with "Hold". Therefore 58% are positive. Hess Corp. had 55 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Fastenal Company (NASDAQ:FAST) earned "Buy" rating by Robert W. Baird on Thursday, October 12. Wunderlich maintained ViaSat, Inc. As per Thursday, October 19, the company rating was maintained by Bank of America. They issued an "underperform" rating and a $38.00 price target for the company. On Friday, May 5 the stock rating was maintained by FBR Capital with "Outperform". J.P. Morgan downgraded the shares of HES in report on Friday, December 15 to "Sell" rating. On Wednesday, September 9 the stock rating was downgraded by Goldman Sachs to "Neutral". The firm earned "Hold" rating on Thursday, August 3 by Jefferies. The firm earned "Hold" rating on Friday, November 3 by Jefferies.

Hess Corporation's (NYSE:HES) most recent earnings announcement in September 2017 suggested that losses became smaller relative to the prrior year's level - great news for investors Below, I've presented key growth figures on how market analysts perceive Hess's earnings growth outlook over the next couple of years and whether the future looks brighter. Its down 0.12, from 1 in 2017Q2. It fall, as 43 investors sold Hess Corporation shares while 162 reduced holdings. 48 funds opened positions while 133 raised stakes. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.29) by $0.22. Tower Cap Ltd Limited Liability Company (Trc) owns 409 shares. Lmr Ptnrs Llp holds 16,448 shares or 0.08% of its portfolio. Eaton Vance Management reported 109,227 shares. Amundi Pioneer Asset Mgmt Inc accumulated 0.21% or 1.42M shares. Pinnacle Associates Ltd owns 41,762 shares or 0.04% of their USA portfolio.

Whittier Trust Co Of Nevada Inc, which manages about $1.08 billion US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 4,522 shares to 72,750 shares, valued at $15.27 million in 2017Q3, according to the filing. Moreover, Nationwide Fund Advsrs has 0.03% invested in ViaSat, Inc. (NYSE:NWL) for 30,000 shares. Sei Investments holds 0.01% of its portfolio in Fastenal Company (NASDAQ:FAST) for 71,695 shares. 80,915 were accumulated by International Sarl. Arosa Cap Management Limited Partnership holds 391,601 shares or 2.6% of its portfolio. Fuller Thaler Asset Mngmt Inc invested in 0.03% or 37,700 shares. (NYSE:NWL). Fmr Ltd Liability holds 0.08% in Newell Brands Inc. Lord Abbett And Limited Com holds 217,200 shares.

Investment Management Of Virginia Llc, which manages about $425.49 million US Long portfolio, decreased its stake in Apache Corp (NYSE:APA) by 45,892 shares to 52,374 shares, valued at $2.40 million in 2017Q3, according to the filing.

Hess (NYSE:HES) last released its earnings results on Wednesday, October 25th.

Analysts' expectations for next year seems optimistic, with earnings becoming less negative, generating $-1,092.5M in 2018. Cornerstone Advisors Incorporated reported 0.01% of its portfolio in Hess Corporation (NYSE:HES). Levin Capital Strategies Lp stated it has 4.01 million shares. Alliancebernstein L.P. now owns 7,027,470 shares of the oil and gas producer's stock valued at $308,295,000 after buying an additional 416,608 shares in the last quarter.

Parametric Portfolio Associates LLC decreased its holdings in Hess Corp. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Therefore 41% are positive. JP Morgan maintained Hess Corporation (NYSE:HES) rating on Monday, January 25. The stock of Hess Corporation (NYSE:HES) earned "Hold" rating by Cowen & Co on Tuesday, July 18. Barclays Public Limited Co stated it has 0.01% in Hess Corporation (NYSE:HES). Credit Suisse Group began coverage on Hess in a research note on Monday, December 11th. As per Tuesday, December 15, the company rating was initiated by Credit Agricole. The firm has "Buy" rating by Piper Jaffray given on Tuesday, November 21.

Since August 8, 2017, it had 0 insider buys, and 3 selling transactions for $873,466 activity. Hess Corporation (NYSE:HES) has declined 14.55% since December 23, 2016 and is downtrending.

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