British Columbia Investment Management Raised Hess (HES) Position By $710,562; Penn Virginia GP Holdings LP (PVG) Sentiment Is 1.74

February 24, 2018 - By Vivian Park

British Columbia Investment Management Corp increased Hess Corp (HES) stake by 12.78% reported in 2017Q3 SEC filing. British Columbia Investment Management Corp acquired 15,447 shares as Hess Corp (HES)’s stock declined 5.45%. The British Columbia Investment Management Corp holds 136,351 shares with $6.39 million value, up from 120,904 last quarter. Hess Corp now has $15.21B valuation. The stock increased 1.68% or $0.79 during the last trading session, reaching $47.87. About 4.43 million shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since February 24, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas. The company has market cap of $1.14 billion. It primarily explores for gold, silver, and copper deposits. It currently has negative earnings. The firm owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.

Analysts await Pretium Resources Inc. (NYSE:PVG) to report earnings on March, 8. They expect $0.01 EPS, up 125.00% or $0.05 from last year’s $-0.04 per share. PVG’s profit will be $1.81 million for 156.75 P/E if the $0.01 EPS becomes a reality. After $0.05 actual EPS reported by Pretium Resources Inc. for the previous quarter, Wall Street now forecasts -80.00% negative EPS growth.

Asa Gold & Precious Metals Ltd holds 4.01% of its portfolio in Pretium Resources Inc. for 725,000 shares. Liberty Mutual Group Asset Management Inc. owns 7.50 million shares or 3.8% of their US portfolio. Moreover, Sun Valley Gold Llc has 3.57% invested in the company for 4.75 million shares. The Ontario – Canada-based Sprott Inc. has invested 1.85% in the stock. Anchor Bolt Capital Lp, a Illinois-based fund reported 4.29 million shares.

The stock decreased 3.24% or $0.21 during the last trading session, reaching $6.27. About 2.11 million shares traded. Pretium Resources Inc. (PVG) has risen 14.20% since February 24, 2017 and is uptrending. It has underperformed by 2.50% the S&P500.

British Columbia Investment Management Corp decreased Priceline Grp Inc (NASDAQ:PCLN) stake by 385 shares to 41,453 valued at $75.89M in 2017Q3. It also reduced Servicenow Inc (NYSE:NOW) stake by 5,786 shares and now owns 51,222 shares. Progressive Corp Ohio (NYSE:PGR) was reduced too.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. Credit Suisse downgraded the shares of HES in report on Thursday, April 28 to “Neutral” rating. The firm earned “Neutral” rating on Thursday, April 28 by UBS. The stock of Hess Corporation (NYSE:HES) earned “Neutral” rating by Citigroup on Tuesday, January 5. Piper Jaffray maintained the shares of HES in report on Thursday, October 5 with “Buy” rating. The firm has “Hold” rating by BMO Capital Markets given on Friday, June 16. The stock of Hess Corporation (NYSE:HES) has “Outperform” rating given on Friday, May 5 by Wells Fargo. The stock of Hess Corporation (NYSE:HES) has “Equal-Weight” rating given on Wednesday, April 27 by Capital One. The firm has “Neutral” rating given on Monday, January 25 by JP Morgan. The stock of Hess Corporation (NYSE:HES) has “Hold” rating given on Monday, June 26 by BMO Capital Markets. As per Tuesday, February 6, the company rating was maintained by BMO Capital Markets.

Since August 24, 2017, it had 0 insider purchases, and 8 sales for $5.29 million activity. Goodell Timothy B. sold $202,075 worth of Hess Corporation (NYSE:HES) on Thursday, February 8. $85,572 worth of stock was sold by Truelove Brian D. on Thursday, February 8. Another trade for 11,726 shares valued at $449,927 was made by Hill Gregory P. on Thursday, August 24. $85,039 worth of stock was sold by Turner Michael R on Thursday, February 8. On Thursday, February 8 Lowery-Yilmaz Barbara J sold $85,261 worth of Hess Corporation (NYSE:HES) or 1,919 shares. RIELLY JOHN P sold $150,262 worth of Hess Corporation (NYSE:HES) on Thursday, February 8. 93,712 shares were sold by HESS JOHN B, worth $4.15M.

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. Chevy Chase Tru Hldg has invested 0.05% in Hess Corporation (NYSE:HES). 23,840 were accumulated by Gam Ag. The Georgia-based Advisory Services Networks Ltd Com has invested 0% in Hess Corporation (NYSE:HES). Focused Wealth reported 0.01% of its portfolio in Hess Corporation (NYSE:HES). Fincl Counselors, Missouri-based fund reported 134,819 shares. Qci Asset Mngmt New York holds 0% or 400 shares in its portfolio. United Service Automobile Association holds 0.04% of its portfolio in Hess Corporation (NYSE:HES) for 276,653 shares. The New York-based Global X Mgmt Lc has invested 0.04% in Hess Corporation (NYSE:HES). Amalgamated Bancorp stated it has 30,106 shares. Huntington Bankshares invested 0% in Hess Corporation (NYSE:HES). Maryland-based Proshare Lc has invested 0.02% in Hess Corporation (NYSE:HES). Qs Invsts Ltd has invested 0.01% of its portfolio in Hess Corporation (NYSE:HES). Moreover, Art Advsrs Lc has 0.1% invested in Hess Corporation (NYSE:HES) for 40,600 shares. Fmr Ltd holds 2.82M shares. Overbrook Management owns 8,450 shares or 0.09% of their US portfolio.

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