Ride Out The Next Market Storm With Hess Corporation (HES), MGIC Investment Corporation (MTG)

    The shares of Hess Corporation (NYSE:HES) has been pegged with a rating of Overweight by Barclays in its latest research note that was published on August 19th, 2019. The research company has also assigned a $93 price target. Barclays wasn’t the only research firm that published a report of Hess Corporation, with other equities research analysts also giving their opinion on the stock. MKM Partners advised investors in its research note published on May 28th, 2019, to Buy the HES stock. The stock had earned Equal Weight rating from CapitalOne when it published its report on May 15th, 2019. The stock was given Neutral rating by MKM Partners in its report released on April 16th, 2019, the day when the price target on the stock was placed at $71. Stephens was of a view that HES is Equal-Weight in its latest report on January 29th, 2019. Stephens thinks that HES is worth Overweight rating. This was contained in the firm’s report on December 6th, 2018 in which the stock’s price target was also moved to $75.

    The consensus currently stands at a Hold while its average price target is $71.56. The price of the stock the last time has raised by 82.74% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 60.42.

    The shares of the company added by 2.78% during the trading session on Wednesday, reaching a low of $63.47 while ending the day at $65.04. During the trading session, a total of 2.56 million shares were traded which represents a 12.27% incline from the average session volume which is 2.92M shares. HES had ended its last session trading at 63.28. Hess Corporation currently has a market cap of $19.58B while its P/E earnings growth sits at 2.93, with a beta of 1.98. Hess Corporation debt-to-equity ratio currently stands at 0.73, while its quick ratio hovers at 1.50. HES 52-week low price stands at $35.59 while its 52-week high price is $74.81.

    Investment analysts at Compass Point published a research note on October 22nd, 2018 where it informed investors and clients that MGIC Investment Corporation (NYSE:MTG) is now rated as Buy. Their price target on the stock stands at $16.50. MKM Partners also rated MTG as Upgrade on May 28th, 2019, with its price target of $27 suggesting that MTG could surge by 24.15% from its current share price. Even though the stock has been trading at $12.71/share, analysts expect it to surge higher by 0.08% to reach $16.77/share. It started the day trading at $12.80 and traded between $12.57 and $12.72 throughout the trading session.

    A look at its technical shows that MTG’s 50-day SMA is 12.92 while its 200-day SMA stands at 12.78. The stock has a high of $14.97 for the year while the low is $9.41. The company’s P/E ratio currently sits at 7.12, while the P/B ratio is 1.12. At the moment, only of MGIC Investment Corporation shares were sold short. The company’s average trading volume currently stands at 4.45M shares, which means that the short-interest ratio is just 1.32 days. Over the past seven days, the company moved, with its shift of 3.33%. Looking further, the stock has dropped -10.23% over the past 90 days while it lost -1.78% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more MTG shares, decreasing its portfolio by -1.76% during the last quarter. This move now sees The Vanguard Group Inc selling -620,347 shares in the last quarter, thus it now holds 34,608,373 shares of MTG, with a total valuation of $444,717,593. Wellington Management Co LLP meanwhile sold more MTG shares in the recently filed quarter, changing its stake to $276,868,786 worth of shares. BlackRock Fund Advisors followed the path by decreasing its MTG portfolio by -37.50% in the quarter. This means that BlackRock Fund Advisors sold -8,636,385 shares in the last quarter and now controls 14,392,046 shares of the MTG stock, with the valuation hitting $184,937,791.

    Similarly, APG Asset Management NV increased its MGIC Investment Corporation shares by +29.29% during the recently filed quarter. After buying 2,700,000 shares in the last quarter, the firm now controls 11,918,400 shares of MGIC Investment Corporation which are valued at $153,151,440. In the same vein, AJO LP increased its MGIC Investment Corporation shares by during the most recent reported quarter. The firm bought 1,890,316 shares during the quarter which increased its stakes to 10,544,109 shares and is now valued at $135,491,801. Following these latest developments, around 1.30% of MGIC Investment Corporation stocks are owned by institutional investors and hedge funds.