Anchor Capital Advisors Lowers stake in Hess Corp. (HES)

Hess Corp. (HES) : Anchor Capital Advisors reduced its stake in Hess Corp. by 3.62% during the most recent quarter end. The investment management company now holds a total of 706,154 shares of Hess Corp. which is valued at $37,701,562 after selling 26,521 shares in Hess Corp. , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Hess Corp. makes up approximately 0.97% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , Wedge Capital Management L L Pnc reduced its stake in HES by selling 12,704 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 292,337 shares of HES which is valued at $15,683,880. Hess Corp. makes up approx 0.17% of Wedge Capital Management L L Pnc’s portfolio. American Century Companies Inc added HES to its portfolio by purchasing 1,344,037 company shares during the most recent quarter which is valued at $69,352,309. Hess Corp. makes up approx 0.08% of American Century Companies Inc’s portfolio. Murphy Capital Management Inc added HES to its portfolio by purchasing 3,550 company shares during the most recent quarter which is valued at $200,078. Hess Corp. makes up approx 0.03% of Murphy Capital Management Inc’s portfolio.

Hess Corp. opened for trading at $53.28 and hit $55.14 on the upside on Thursday, eventually ending the session at $53.87, with a gain of 0.90% or 0.48 points. The heightened volatility saw the trading volume jump to 53,49,856 shares. Company has a market cap of $17,062 M.

On the company’s financial health, Hess Corp. reported $-1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-1.24. The company had revenue of $1269.00 million for the quarter, compared to analysts expectations of $1012.50 million. The company’s revenue was down -34.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.52 EPS.

Hess Corporation (Hess) is an exploration and production (E&P) company that develops produces purchases transports and sells crude oil and natural gas. Its production operations are located primarily in the United States Denmark Equatorial Guinea the Joint Development Area of Malaysia/Thailand Malaysia and Norway. The Company’s production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota the Permian Basin of Texas and the Utica Basin of Ohio. Approximately 16% of the Company’s crude oil and natural gas liquids production and 7% of its natural gas production were from European operations. Approximately 22% of the Company’s crude oil and natural gas liquids production were from its African operations. Approximately 1% of the Company’s crude oil and natural gas liquids production and 61% of its natural gas production were from its Asian and Other operations.

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