Sowell Financial Services LLC acquired a new stake in shares of Hess Corporation (NYSE:HES) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,293 shares of the oil and gas producer's stock, valued at approximately $366,000. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HES. Exchange Traded Concepts LLC boosted its position in Hess by 27.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 797 shares of the oil and gas producer's stock worth $127,000 after acquiring an additional 173 shares during the period. Hennessy Advisors Inc. acquired a new position in Hess during the 1st quarter worth $2,859,000. Wealth Enhancement Advisory Services LLC boosted its position in Hess by 404.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,932 shares of the oil and gas producer's stock worth $5,580,000 after acquiring an additional 28,005 shares during the period. Goldstone Financial Group LLC acquired a new position in Hess during the 1st quarter worth $259,000. Finally, Pullen Investment Management LLC boosted its position in Hess by 1.5% during the 1st quarter. Pullen Investment Management LLC now owns 13,010 shares of the oil and gas producer's stock worth $2,078,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 88.51% of the company's stock. Hess Stock Performance opened at $144.51 on Friday. Hess Corporation has a 52-week low of $123.79 and a 52-week high of $161.69. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market capitalization of $44.70 billion, a P/E ratio of 19.99 and a beta of 0.62. The company has a fifty day moving average of $133.68 and a 200-day moving average of $140.05. Hess (NYSE:HES) last posted its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $1.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.14). Hess had a return on equity of 21.78% and a net margin of 17.65%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the firm posted $3.16 earnings per share. The business's revenue was down 12.1% on a year-over-year basis. As a group, equities research analysts predict that Hess Corporation will post 8.08 EPS for the current fiscal year. Hess Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, June 16th. Hess's dividend payout ratio is currently 27.66%. Analyst Ratings Changes HES has been the topic of a number of research reports. UBS Group boosted their price objective on Hess from $163.00 to $173.00 and gave the stock a \"buy\" rating in a research note on Wednesday, June 11th. Piper Sandler dropped their price objective on Hess from $151.00 to $147.00 and set an \"overweight\" rating on the stock in a research note on Tuesday, May 13th. Susquehanna dropped their price objective on Hess from $160.00 to $136.00 and set a \"neutral\" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank cut their target price on Hess from $164.00 to $146.58 and set a \"sector perform\" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho cut their target price on Hess from $193.00 to $191.00 and set a \"neutral\" rating on the stock in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Hess has an average rating of \"Moderate Buy\" and an average target price of $163.16. Insiders Place Their Bets In other Hess news, CEO sold 225,000 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $133.18, for a total value of $29,965,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,984,679 shares of the company's stock, valued at $264,319,549.22. The trade was a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at . Insiders sold 650,000 shares of company stock valued at $91,845,500 over the last three months. Insiders own 9.10% of the company's stock. About Hess Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.

Sowell Financial Services LLC Acquires New Shares in Hess Corporation (NYSE:HES)

Sowell Financial Services LLC acquired 2,293 shares of Hess Corporation (NYSE:HES) in Q1 2025, valued at $366,000. Other institutional investors, including Exchange Traded Concepts LLC, Hennessy Advisors Inc., and Wealth Enhancement Advisory Services LLC, adjusted their positions in Hess. The company reported Q1 earnings per share (EPS) of $1.81, missing analyst estimates, and announced a $0.50 quarterly dividend. Analyst ratings for Hess fluctuated, with UBS and Piper Sandler updating their price objectives. The CEO sold 225,000 shares, reducing personal ownership by 10.18%.