As Hess Corp (Call) (HES) Stock Value Declined, Shareholder Jabre Capital Partners Sa Has Trimmed Its Stake by $25.30 Million

January 21, 2018 - By Vivian Park

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.12, from 1 in 2017Q2. It fall, as 43 investors sold HES shares while 162 reduced holdings. 48 funds opened positions while 133 raised stakes. 254.48 million shares or 1.67% more from 250.30 million shares in 2017Q2 were reported. Price T Rowe Assocs Md has invested 0.18% in Hess Corporation (NYSE:HES). 5,948 were accumulated by Pitcairn. Ngam Advsrs LP owns 124,723 shares. 84,033 are owned by Td Asset Incorporated. 10,283 are owned by Peak6 L P. Duncker Streett & stated it has 3,000 shares. Moreover, Lombard Odier Asset (Europe) Limited has 0.05% invested in Hess Corporation (NYSE:HES) for 18,535 shares. 4,826 were reported by Wetherby Asset Mngmt. Moreover, Utah Retirement System has 0.05% invested in Hess Corporation (NYSE:HES). Toronto Dominion National Bank owns 104,412 shares. Alliancebernstein L P, a New York-based fund reported 6.93 million shares. Deutsche Bankshares Ag accumulated 2.13 million shares. The California-based California State Teachers Retirement System has invested 0.05% in Hess Corporation (NYSE:HES). Jane Street Ltd Liability owns 283,301 shares. New York-based Renaissance Technology Ltd has invested 0.05% in Hess Corporation (NYSE:HES).

Since August 8, 2017, it had 0 insider buys, and 3 selling transactions for $873,466 activity. $449,927 worth of stock was sold by Hill Gregory P. on Thursday, August 24. Shares for $168,359 were sold by Lowery-Yilmaz Barbara J on Tuesday, August 8.

Philippe Jabre decreased its stake in Hess Corp (Call) (HES) by 73.33% based on its latest 2017Q3 regulatory filing with the SEC. Jabre Capital Partners Sa sold 550,000 shares as the company’s stock declined 5.45% while stock markets rallied. The hedge fund run by Philippe Jabre held 200,000 shares of the integrated oil company at the end of 2017Q3, valued at $9.38 million, down from 750,000 at the end of the previous reported quarter. Jabre Capital Partners Sa who had been investing in Hess Corp (Call) for a number of months, seems to be less bullish one the $16.72B market cap company. The stock decreased 2.28% or $1.23 during the last trading session, reaching $52.61. About 9.13 million shares traded or 102.43% up from the average. Hess Corporation (NYSE:HES) has declined 14.55% since January 21, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Jabre Capital Partners Sa, which manages about $514.37M US Long portfolio, upped its stake in Cloudera Inc by 212,000 shares to 262,000 shares, valued at $4.35M in 2017Q3, according to the filing.

Analysts await Hess Corporation (NYSE:HES) to report earnings on January, 24. They expect $-1.03 EPS, down 1.98 % or $0.02 from last year’s $-1.01 per share. After $-1.07 actual EPS reported by Hess Corporation for the previous quarter, Wall Street now forecasts -3.74 % EPS growth.

More notable recent Hess Corporation (NYSE:HES) news were published by: Seekingalpha.com which released: “Here’s What I Don’t Like About Hess” on January 11, 2018, also Bizjournals.com with their article: “Hess Corp. cutting hundreds of jobs, including some from Houston” published on January 17, 2018, Chron.com published: “Hess Corp. to cut 300 jobs” on January 16, 2018. More interesting news about Hess Corporation (NYSE:HES) were released by: Bloomberg.com and their article: “Hess Shrinks Workforce as Activist Investor Keeps the Pressure On” published on January 17, 2018 as well as Reuters.com‘s news article titled: “BRIEF-Hess Corp Calls Outstanding Notes Due In 2019 For Redemption” with publication date: January 16, 2018.

Hess Corporation (NYSE:HES) Ratings Coverage

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 3 Sell and 10 Hold. Therefore 41% are positive. Hess Corp. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Hess Corporation (NYSE:HES) has “Sell” rating given on Friday, December 15 by J.P. Morgan. As per Thursday, April 7, the company rating was maintained by Citigroup. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 12. UBS downgraded the stock to “Neutral” rating in Thursday, April 28 report. The firm has “Sell” rating by Credit Suisse given on Monday, December 11. Goldman Sachs downgraded it to “Hold” rating and $5800 target in Tuesday, May 30 report. The firm earned “Perform” rating on Tuesday, November 17 by Oppenheimer. The firm has “Buy” rating given on Friday, July 31 by Societe Generale. The stock of Hess Corporation (NYSE:HES) earned “Buy” rating by Citigroup on Monday, September 14. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, October 10 report.

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