Hess Corp (NYSE:HES) Turns to Profit in Fourth Quarter; Elliott Management Seeks to Revamp Hess – HES, COP, BP, CHK, VLO, SD, BTU, HAL, PBR

Elliott Management Corp confirmed on Wednesday that it is looking for 5 seats on Hess Corp (NYSE:HES) board in order to push the corporation to separate its assets in the oil-rich Bakken Shale area from less prolific international assets.

The New York based Hess Corp also announced that its fiscal Q4 net income attributable to the corporation was $566 million or $1.66 a share, evaluated against a loss of $131million or $0.39 a share in the similar period previous year.

The company reported that net income without special items affecting comparability between periods was $409 million contrasted with $394 million in the Q4 of 2011.

Earnings from exploration and production were $517 million in the fiscal Q4 of 2012, evaluated against $527 million in the similar period a year ago.

Its competitors include ConocoPhillips (NYSE:COP) that slipped -0.29% to $61.46 with the total traded volume of 980,722.00 shares and BP plc (ADR) (NYSE:BP) no change for the day to $45.23 with the total traded volume of 1.54 million shares.

Other Basic Materials stocks with bullish trend include Chesapeake Energy Corporation (NYSE:CHK) up 6.91% to $20.28, Valero Energy Corporation (NYSE:VLO) up +0.37% to $43.94 and SandRidge Energy Inc (NYSE:SD) up 0.63% to $7.22, whereas with bearish trend include Peabody Energy Corporation (NYSE:BTU) down -3.88% to $25.52, Halliburton Company (NYSE:HAL) down -1.17% to $40.40 and Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) down -5.49% to $18.42.

Hess Corp (NYSE:HES) after opening at $67.62 hit high price of $68.16 and then trading at $67.89 by plunging -0.32% and on current session volume of 2.28 million shares is lower than its average volume of 4.49 million shares.

The stock price volatility was 2.66% for a week and 2.13% for a month as well as price volatility’s Average True Range for 14 days was 1.82 and its beta remained 1.24.

The liquidity measure in recent quarter results of the company was recorded 1.04 as current ratio and on the other side the debt to equity ratio was 0.38 and long-term debt to equity ratio also remained 0.35. The Company had total cash at hand $528.00 million and a book value per share as $60.67 in the most recent quarter.

HES generated revenue of 37.50 billion in the following twelve months and earned $1.52 billion. The Company showed a positive 4.14% in the net profit margin and as well as in its operating margin which remained 7.62%. Company’s annual sales growth for the past five year was 5.69%.

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