As Brookfield Asset Mgmt (BAM) Stock Price Declined, Sq Advisors Has Boosted Holding by $43.82 Million; Secor Capital Advisors LP Increased Position in Hess (HES) by $374,450

June 14, 2018 - By Peter Erickson

Hess Corporation (NYSE:HES) Logo

Secor Capital Advisors Lp increased its stake in Hess Corp (HES) by 15.84% based on its latest 2018Q1 regulatory filing with the SEC. Secor Capital Advisors Lp bought 7,489 shares as the company’s stock rose 23.82% while stock markets declined. The hedge fund held 54,755 shares of the integrated oil company at the end of 2018Q1, valued at $2.77M, up from 47,266 at the end of the previous reported quarter. Secor Capital Advisors Lp who had been investing in Hess Corp for a number of months, seems to be bullish on the $18.15B market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $60.49. About 2.82 million shares traded. Hess Corporation (NYSE:HES) has risen 23.77% since June 14, 2017 and is uptrending. It has outperformed by 11.20% the S&P500. Some Historical HES News: 09/03/2018 – HESS OUTLOOK TO NEGATIVE FROM STABLE BY FITCH; RATING AFFIRMED; 05/03/2018 – HESS EST. GUYANA DISCOVERY HOLDS 3.2 BLN BARRELS; 21/03/2018 – BP, EXXON, HESS SUBMIT BIDS IN U.S. GULF OIL LEASE SALE; 27/03/2018 – HESS CEO JOHN HESS COMMENTS IN PRESENTATION AT WEIL CONFERENCE; 25/04/2018 – HESS CORP HES.N SAYS DOESN’T INTEND TO ISSUE NEW DEBT TO FUND GUYANA PROJECT OR ANY OTHER PROJECTS; 09/03/2018 – Fitch: Hess Share Buyback Plan in Advance of Considerable Offshore Guyana Development Cap Spending; 29/05/2018 – Hess CDS Widens 10 Bps, Most in 10 Weeks; 26/04/2018 – HESS BUYS INTEREST IN NEW ACREAGE OFFSHORE GUYANA; 08/03/2018 – Hess Sets Another Buyback, Winning Peace with Activist Investor–Update; 26/04/2018 – HESS UNIT TO BUY 15% PARTICIPATING INTEREST IN KAIETEUR BLOCK

Lou Simpson increased its stake in Brookfield Asset Mgmt Inc (BAM) by 15.01% based on its latest 2018Q1 regulatory filing with the SEC. Sq Advisors Llc bought 1.15M shares as the company’s stock declined 0.02% with the market. The hedge fund run by Lou Simpson held 8.84 million shares of the building operators company at the end of 2018Q1, valued at $344.65M, up from 7.69M at the end of the previous reported quarter. Sq Advisors Llc who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be bullish on the $40.02 billion market cap company. The stock increased 0.31% or $0.13 during the last trading session, reaching $41.62. About 580,577 shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has risen 7.02% since June 14, 2017 and is uptrending. It has underperformed by 5.55% the S&P500. Some Historical BAM News: 15/03/2018 – Brookfield Select Opportunities Income Fund Announces Quarterly Distribution; 21/05/2018 – Australia’s Healthscope denies access to Brookfield, BGH Capital; 07/03/2018 – Brookfield Real Estate 4Q EPS C$0.30; 21/03/2018 – GLP, Brookfield Join Hands to Target Rooftop Solar in China; 30/05/2018 – INDIA’S RCOM TO SELL ASSETS TO RELIANCE JIO, BROOKFIELD FOR 181 BLN RUPEES; 04/04/2018 – Brookfield’s GrafTech Aims to Raise Up to $907 Million in IPO; 03/04/2018 – Mint: Brookfield in final stages of talks to acquire ICICI Tower in Hyderabad; 13/05/2018 – Brookfield Offers $3.3 Billion for Healthscope, Topping Rival; 13/03/2018 – Brookfield Is Said to Sell Stake in Toronto Bay Adelaide Centre; 21/03/2018 – LCM PARTNERS & BROOKFIELD ASSET MANAGEMENT ENTER INTO PARTNERSH

Sq Advisors Llc, which manages about $2.47B and $2.93 billion US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKB) by 239,743 shares to 797,519 shares, valued at $159.09 million in 2018Q1, according to the filing. It also reduced its holding in Schwab Charles Corp New (NYSE:SCHW) by 152,695 shares in the quarter, leaving it with 5.96M shares, and cut its stake in Liberty Global Plc (NASDAQ:LBTYK).

Among 9 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. has $65 highest and $36 lowest target. $45’s average target is 8.12% above currents $41.62 stock price. Brookfield Asset Management Inc. had 32 analyst reports since August 10, 2015 according to SRatingsIntel. Keefe Bruyette & Woods initiated it with “Outperform” rating and $41 target in Tuesday, May 24 report. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, September 30. The firm earned “Top Pick” rating on Monday, November 14 by RBC Capital Markets. Scotia Capital maintained the shares of BAM in report on Tuesday, March 27 with “Buy” rating. On Friday, February 16 the stock rating was maintained by Scotia Capital with “Buy”. The rating was initiated by Citigroup on Thursday, January 19 with “Buy”. TD Securities maintained Brookfield Asset Management Inc. (NYSE:BAM) rating on Thursday, November 9. TD Securities has “Buy” rating and $52.0 target. The firm has “Buy” rating given on Monday, May 15 by Wood. The company was maintained on Tuesday, July 25 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, November 1 by RBC Capital Markets.

More notable recent Brookfield Asset Management Inc. (NYSE:BAM) news were published by: Globenewswire.com which released: “Report: Exploring Fundamental Drivers Behind Virtu Financial, Littelfuse, Gogo, Brookfield Asset Management, Protalix …” on June 13, 2018, also Seekingalpha.com with their article: “Why I Still Love Brookfield Property Partners” published on June 13, 2018, Globenewswire.com published: “Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid” on May 18, 2018. More interesting news about Brookfield Asset Management Inc. (NYSE:BAM) were released by: Seekingalpha.com and their article: “Brookfield Asset Management submits consent to TSX for BPY/GGP deal” published on June 07, 2018 as well as Seekingalpha.com‘s news article titled: “Tracking Lou Simpson’s SQ Advisors Portfolio – Q1 2018 Update” with publication date: May 18, 2018.

More news for Hess Corporation (NYSE:HES) were recently published by: Nasdaq.com, which released: “New Research: Key Drivers of Growth for CNA Financial, AutoNation, Hess, Infinity Pharmaceuticals, Regulus …” on June 12, 2018. Seekingalpha.com‘s article titled: “Hess Corporation: Is It Too Late?” and published on May 21, 2018 is yet another important article.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.13, from 0.94 in 2017Q4. It worsened, as 41 investors sold HES shares while 169 reduced holdings. 49 funds opened positions while 121 raised stakes. 252.61 million shares or 1.34% less from 256.03 million shares in 2017Q4 were reported. Creative Planning holds 0% of its portfolio in Hess Corporation (NYSE:HES) for 22,656 shares. Cibc Asset Mngmt stated it has 0.01% of its portfolio in Hess Corporation (NYSE:HES). Rafferty Asset Mngmt Llc holds 10,984 shares. Duncker Streett And Co Inc accumulated 3,650 shares. California State Teachers Retirement reported 489,575 shares or 0.05% of all its holdings. Fmr invested in 0.01% or 2.18M shares. Tarbox Family Office has invested 0% of its portfolio in Hess Corporation (NYSE:HES). 7,923 were accumulated by Ghp Inv Advisors Inc. Outfitter Advsrs Limited, a Virginia-based fund reported 48,132 shares. Proshare Ltd Company accumulated 54,889 shares. Oregon Public Employees Retirement Fund invested in 28,876 shares. Stratos Wealth Ptnrs Ltd holds 489 shares or 0% of its portfolio. Shelton Cap has invested 0.02% of its portfolio in Hess Corporation (NYSE:HES). Daiwa Securities Gp has invested 0% in Hess Corporation (NYSE:HES). Bnp Paribas Asset Mgmt owns 0.77% invested in Hess Corporation (NYSE:HES) for 1.80M shares.

Secor Capital Advisors Lp, which manages about $500.47 million and $1.22 billion US Long portfolio, decreased its stake in Tenneco Inc (NYSE:TEN) by 119,622 shares to 44,564 shares, valued at $2.45 million in 2018Q1, according to the filing. It also reduced its holding in Chicos Fas Inc (NYSE:CHS) by 465,747 shares in the quarter, leaving it with 485,708 shares, and cut its stake in Leucadia Natl Corp (NYSE:LUK).

Since February 8, 2018, it had 11 insider purchases, and 15 insider sales for $8.38 million activity. Truelove Brian D. sold 1,926 shares worth $85,572. HESS JOHN B also sold $2.48 million worth of Hess Corporation (NYSE:HES) shares. Checki Terrence J. bought $25,016 worth of stock. 516 shares were bought by CHASE RODNEY F, worth $25,016 on Tuesday, March 6. Quigley James H. also bought $25,016 worth of Hess Corporation (NYSE:HES) shares. $25,016 worth of stock was bought by Meyers Kevin Omar on Tuesday, March 6.

Among 23 analysts covering Hess Corp. (NYSE:HES), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. Hess Corp. had 68 analyst reports since July 22, 2015 according to SRatingsIntel. On Tuesday, July 11 the stock rating was maintained by BMO Capital Markets with “Hold”. Piper Jaffray maintained Hess Corporation (NYSE:HES) rating on Thursday, August 24. Piper Jaffray has “Buy” rating and $47.0 target. The stock of Hess Corporation (NYSE:HES) has “Neutral” rating given on Thursday, April 26 by Macquarie Research. The firm has “Neutral” rating by Credit Suisse given on Monday, February 12. The company was maintained on Wednesday, October 18 by Morgan Stanley. Capital One downgraded Hess Corporation (NYSE:HES) on Wednesday, April 27 to “Equal-Weight” rating. The stock of Hess Corporation (NYSE:HES) earned “Hold” rating by BMO Capital Markets on Friday, July 28. The firm has “Hold” rating by Cowen & Co given on Monday, September 25. The firm has “Accumulate” rating by KLR Group given on Monday, September 12. The firm has “Hold” rating by J.P. Morgan given on Thursday, September 14.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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