Price T Rowe Associates Inc /Md/ Now Owns 26,576,950 Shares In Hess Corporation (HES)

Hess Corporation (NYSE:HES) is at least 63.68% than its current record low price of $37.25. There was a 0.79% gain on 06/14/2018 that led the price to move at $60.97. At recent session, the prices were hovering between $60.26 and $61.34. This company shares are 2.64% off its target price of $62.58 and the current market capitalization stands at $18.22B. The recent change has given its price a 2.73% lead over SMA 50 and -7.47% deficit over its 52-week high. The stock witnessed -3.92% declines, 24.79% gains and 34.27% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HES’s volatility during a week at 1.91% and during a month it has been found around 2.46%.

Hess Corporation (HES) Top Holders

Institutional investors currently hold around $17.47 billion or 97.3% in HES stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.82 billion in Hess Corporation, which represents roughly 10.01% of the company’s market cap and approximately 10.44% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 26,576,950 shares of the stock are valued at $1.61 billion. The third largest holder is Blackrock Inc., which currently holds $1.55 billion worth of this stock and that ownership represents nearly 8.51% of its market capitalization.

Hess Corporation 13F Filings

At the end of 03/31/2018 reporting period, 212 institutional holders increased their position in Hess Corporation (NYSE:HES) by some 18,116,543 shares, 277 decreased positions by 21,797,558 and 88 held positions by 248,874,452. That puts total institutional holdings at 288,788,553 shares, according to SEC filings. The stock grabbed 57 new institutional investments totaling 2,187,429 shares while 64 institutional investors sold out their entire positions totaling 2,443,220 shares.

Hess Corporation (NYSE:HES) Insider Trades

Multiple company employees have indulged in significant insider trading. Hess Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, Gen. Counsel & Secretary Goodell Timothy B. has sold 3,808 shares of Hess Corporation (HES) in trading session dated Mar. 07, 2018. These shares are worth $181,108 and were traded at $47.56 each. The SEC filing shows that Hill Gregory P. performed a sale of 7,422 shares. The COO and President, E&P disposed these shares by way of transaction on Mar. 07, 2018. The company’s shares were given away at $48.04 per share worth to an income of some $356,553 on account of Hill Gregory P..

Senior Vice President and CFO, Rielly John P, sold 2,826 common shares of Hess Corporation (HES) in the open market. In a transaction dated Mar. 07, 2018, the shares were put up for sale at an average price of $47.98, raking in a sum of $135,591. After this sale, 211,652 common shares of HES are directly owned by the insider, with total stake valued at $12,904,422.

In the transaction dated Mar. 07, 2018, the great number of shares disposed came courtesy the Senior Vice President; Turner Michael R disposed a total of 6,187 shares at an average price of $48.31, amounting to approximately $298,894. The insider now directly owns 102,295 shares worth $6,236,926.

Hess Corporation (HES) Analyst Guide

Several analysts have released their opinion on Hess Corporation (NYSE:HES), with 4 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.71 average brokerage recommendation.