Kynikos Associates LP Increases Stake in Hess Corp (Call) (HES)

July 18, 2017 - By Vivian Park

Investors sentiment decreased to 0.83 in Q4 2016. Its down 0.15, from 0.98 in 2016Q3. It dived, as 50 investors sold HES shares while 203 reduced holdings. 57 funds opened positions while 154 raised stakes. 245.22 million shares or 2.10% more from 240.17 million shares in 2016Q3 were reported. First Manhattan, a New York-based fund reported 33,328 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.04% in Hess Corp. (NYSE:HES). Moreover, Segment Wealth Mgmt Ltd Com has 0.81% invested in Hess Corp. (NYSE:HES). Balyasny Asset Mngmt Ltd Limited Liability Company has 0% invested in Hess Corp. (NYSE:HES) for 7,500 shares. Westpac Banking holds 0% or 141,383 shares. Proshare Advisors Lc has 45,385 shares for 0.03% of their portfolio. 15.35M were accumulated by Wellington Management Gp Limited Liability Partnership. Moreover, Bluestein R H And Comm has 0.72% invested in Hess Corp. (NYSE:HES). Financial Architects Inc has 0.02% invested in Hess Corp. (NYSE:HES) for 1,050 shares. Henderson Grp Public Limited Liability Corp owns 250,726 shares for 0.12% of their portfolio. 11 were accumulated by Tci Wealth Advisors. Northwestern Mutual Wealth Mngmt, a Wisconsin-based fund reported 235 shares. Tcw has 0.01% invested in Hess Corp. (NYSE:HES) for 19,650 shares. Capital Invsts holds 0.09% or 6.04M shares. 122 are owned by First Interstate Bank & Trust.

Since February 2, 2017, it had 11 buys, and 12 selling transactions for $5.61 million activity. 2,205 shares were sold by RIELLY JOHN P, worth $112,521. 484 shares were bought by MCMANUS DAVID, worth $25,028 on Tuesday, February 28. 484 shares valued at $25,028 were bought by LAVIZZO-MOUREY RISA J on Tuesday, February 28. Hill Gregory P. sold $289,238 worth of Hess Corp. (NYSE:HES) on Monday, March 6. $273,966 worth of Hess Corp. (NYSE:HES) shares were sold by Goodell Timothy B.. LIPSCHULTZ MARC S bought 484 shares worth $25,028. $25,028 worth of Hess Corp. (NYSE:HES) shares were bought by CHASE RODNEY F.

Jim Chanos increased its stake in Hess Corp (Call) (HES) by 55468.63% based on its latest 2016Q4 regulatory filing with the SEC. Kynikos Associates Lp bought 141,445 shares as the company’s stock declined 5.45% while stock markets rallied. The hedge fund run by Jim Chanos held 141,700 shares of the integrated oil company at the end of 2016Q4, valued at $8.83 million, up from 255 at the end of the previous reported quarter. Kynikos Associates Lp who had been investing in Hess Corp (Call) for a number of months, seems to be bullish on the $13.83B market cap company. The stock rose 0.64% or $0.28 reaching $43.87 per share. About 57,666 shares traded. Hess Corp. (NYSE:HES) has declined 14.55% since July 18, 2016 and is downtrending. It has underperformed by 31.25% the S&P500.

More notable recent Hess Corp. (NYSE:HES) news were published by: Streetinsider.com which released: “Hess Corp. (HES) to Sell Its Enhanced Oil Recovery Assets in Permian Basin” on June 19, 2017, also Northjersey.com with their article: “Edgewater to begin negotiations to buy Hess property” published on July 18, 2017, Law360.com published: “Schlumberger Can’t Ditch Hess’ Oil Well Valve Failure Suit” on June 30, 2017. More interesting news about Hess Corp. (NYSE:HES) were released by: Reuters.com and their article: “Suriname signs offshore oil deals with Exxon, Hess and Statoil” published on July 13, 2017 as well as Streetinsider.com‘s news article titled: “Atlantic Equities Downgrades Hess Corp. (HES) to Neutral” with publication date: June 27, 2017.

Hess Corp. (NYSE:HES) Ratings Coverage

Among 20 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Hess Corp. had 38 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, May 30 by Goldman Sachs. Capital One downgraded the shares of HES in report on Wednesday, April 27 to “Equal-Weight” rating. The stock of Hess Corp. (NYSE:HES) earned “Hold” rating by BMO Capital Markets on Friday, June 16. Morgan Stanley initiated it with “Equal-Weight” rating and $40 target in Tuesday, January 12 report. Citigroup maintained Hess Corp. (NYSE:HES) rating on Monday, September 14. Citigroup has “Buy” rating and $68 target. The firm has “Outperform” rating given on Wednesday, July 22 by Credit Suisse. The firm earned “Buy” rating on Tuesday, August 18 by Argus Research. The stock has “Neutral” rating by Atlantic Securities on Tuesday, June 27. The firm has “Buy” rating by Credit Agricole given on Tuesday, December 15. The stock has “Neutral” rating by Credit Suisse on Thursday, April 28.

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