Dupont Capital Management Corp Lowers stake in Hess Corp. (HES)

Hess Corp. (HES) : Dupont Capital Management Corp reduced its stake in Hess Corp. by 9.68% during the most recent quarter end. The investment management company now holds a total of 333,998 shares of Hess Corp. which is valued at $17,832,153 after selling 35,778 shares in Hess Corp. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Hess Corp. makes up approximately 0.38% of Dupont Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in HES in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 711 shares of Hess Corp. which is valued at $36,688. Hess Corp. makes up approx 0.01% of Advisory Services Network’s portfolio.Shell Asset Management Co boosted its stake in HES in the latest quarter, The investment management firm added 8,180 additional shares and now holds a total of 22,671 shares of Hess Corp. which is valued at $1,169,824. Hess Corp. makes up approx 0.03% of Shell Asset Management Co’s portfolio.Cypress Asset Management Inctx boosted its stake in HES in the latest quarter, The investment management firm added 269 additional shares and now holds a total of 11,576 shares of Hess Corp. which is valued at $652,423. Hess Corp. makes up approx 0.13% of Cypress Asset Management Inctx’s portfolio.Packer Co Ltd boosted its stake in HES in the latest quarter, The investment management firm added 155,000 additional shares and now holds a total of 584,000 shares of Hess Corp. which is valued at $33,177,040. Hess Corp. makes up approx 5.33% of Packer Co Ltd’s portfolio.

Hess Corp. opened for trading at $55.44 and hit $56.46 on the upside on Monday, eventually ending the session at $55.92, with a gain of 2.34% or 1.28 points. The heightened volatility saw the trading volume jump to 35,95,221 shares. Company has a market cap of $17,711 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *