Franklin Resources Inc. Has $16.65 Million Holdings in Hess Corp. (NYSE:HES)

Tuesday, 17 Apr, 2018

Lowe Brockenbrough & Company Inc sold 16,095 shares as the company's stock rose 6.08% while stock markets declined. After $-1.01 actual EPS reported by Hess Corporation for the previous quarter, Wall Street now forecasts -46.53 % EPS growth. About 986,875 shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since April 16, 2017 and is uptrending. It has underperformed by 69.30% the S&P500.

Intersect Capital Llc decreased its stake in Chevron Corp New (CVX) by 8.94% based on its latest 2017Q4 regulatory filing with the SEC. This buyback authorization allows the oil and gas producer to buy shares of its stock through open market purchases. The institutional investor held 29,750 shares of the integrated oil company at the end of 2017Q4, valued at $3.72M, down from 32,671 at the end of the previous reported quarter. The performance of the stock over the past seven days has increased by 3.29%, over the past one-month price index is -5.47% while over the last three months is -28.09%.

Analysts Mean Recommendation/Target Price/Volume: The stock exchanged hands with 7042404 numbers of shares contrast to its average daily volume of 4.58M shares. It has underperformed by 2.64% the S&P500. $25,016 worth of Hess Corporation (NYSE:HES) shs were bought by Meyers Kevin Omar.

Hess declared that its board has approved a stock buyback plan on Thursday, March 8th that allows the company to repurchase $1.00 billion in outstanding shares. Shares for $280,442 were sold by Hill Gregory P. On Tuesday, March 6 the insider Truelove Brian D. sold $67,959. Also, SVP Timothy B. Goodell sold 3,627 shares of the company's stock in a transaction dated Thursday, February 8th.

Scotiabank reissued their buy rating on shares of Hess Corp. On Tuesday, February 6 Piper Jaffray maintained Hess Corporation (NYSE:HES) with "Buy" rating. The positive are 13%. The rating was maintained by Benchmark with "Buy" on Tuesday, November 10.

The stock has settled 18.64%, since the beginning of the year when measuring the initial price as compared to the finishing price. Canaccord Genuity maintained it with "Buy" rating and $105 target in Monday, September 21 report. On Thursday, January 11 the stock rating was maintained by BMO Capital Markets with "Hold". KLR Group raised their price target on Hess Corp. from $62.00 to $68.00 and gave the company an accumulate rating in a report on Tuesday, December 13th. Credit Suisse analysts upgraded the shares of Hess Corporation from an Underperform to Neutral in a research note they presented on February 12th, 2018. The company was initiated on Tuesday, January 12 by Morgan Stanley. Morgan Stanley has "Equal-Weight" rating and $49 target.

Investors sentiment increased to 0.94 in Q4 2017. That's change of 0.06, from 2017Q3's 0.88.

Investors might be paying attention to what Wall Street analysts think about shares of Hess Corporation (NYSE:HES). Finally, Adams Natural Resources Fund Inc. bought a new stake in Hess during the fourth quarter worth about $8,174,000. The institutional investors in our database now possess: 256.03 million shares, up from 254.48 million shares in 2017Q3.

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Hess Corporation (NYSE:HES) operates under Basic Materials sector, shares price surged 2.40% during latest trading session. Cannell Peter B holds 0.01% of its portfolio in Hess Corporation (NYSE:HES) for 5,100 shares.

Shifting the focus to some earnings data, we have noted that the current quarter EPS consensus estimate for Hess Corporation (NYSE:HES) is -0.48. Over the past 4 weeks, shares have seen a change of 15.27%. Orrstown Finance Service Incorporated invested in 0% or 32 shares. (NYSE:HES) in a research report report published on Tuesday. Raymond James & Assoc holds 22,917 shs. Hexavest Inc stated it has 0.45% in Hess Corporation (NYSE:HES).

Bnp Paribas Investment Partners Sa manages about $11.73 billion US Long portfolio. It also reduced its holding in Keysight Technologies Inc (NYSE:KEYS) by 15,000 shares in the quarter, leaving it with 295,000 shares, and cut its stake in Coherent Inc (NASDAQ:COHR).

Since December 11, 2017, it had 4 insider buys, and 0 sales for $9.37 million activity. About 1.39M shares traded.

Investors sentiment decreased to 0.57 in 2017 Q4. Its down 0.19, from 0.92 in 2017Q3. In a transaction dated March 07, 2018, the shares were put up for sale at an average price of $47.98, raking in a sum of $135,591. 57 funds opened positions while 146 raised stakes. Argus Research maintained the shares of COL in report on Wednesday, July 29 with "Buy" rating. Chevy Chase Trust Holdings Inc. now owns 238,871 shares of the oil and gas producer's stock worth $11,201,000 after purchasing an additional 3,238 shares during the period. Hotchkis & Wiley Capital Mngmt holds 10.39M shares or 1.86% of its portfolio. Castleark Management Lc reported 26,261 shares or 0.04% of all its holdings. Baystate Wealth Mgmt Ltd Co reported 143 shares. 12,665 are held by Solaris Asset Limited Liability Com. Forward P/E of Hess Corporation is standing at 0. Bancorporation Of New York Mellon holds 0% or 44,884 shares.