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Stocks in Review: Hess Corporation (HES), BB&T Corporation (BBT), Kimco Realty Corporation (KIM)

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Hess Corporation (HES) traded within a range of $50.86 to $51.62 after opening the day at $51.4. The company has seen its stock decrease in value by -17.64% so far this year. The stock was up close to 0.49% on light volume in last trading session and closed at $51.3 per share. After the recent gain, the stock is currently holding -21.44% below its 52 week high of $65.56 and 30.83% above its 12-month low of $38.5. The shares are up by over 1.81% in the last three months, and the RSI indicator value of 27.32 is bullish. They are not pointing to a rebound in the stock. We should get in as it looks to have found a bottom.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company operates in two segments, Exploration and Production, and Bakken Midstream. It is also involved in crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminating and loading crude oil and natural gas liquids, and the storage and terminating of propane primarily in the Bakken shale play of North Dakota. The company operates primarily in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway. As of December 31, 2015, it had total proved reserves of 1,086 million barrels of oil equivalent. The company was founded in 1920 and is headquartered in New York, New York.

BB&T Corporation (BBT) failed to extend gains with the stock declining -0.54% or $-0.26 to close the day at $48 on light trading volume of 3.94M shares, compared to its three month average trading volume of 4.82M. The Winston-Salem North Carolina 27101 based company has been outperforming the regional – southeast banks group over the past 52 weeks, with the stock gaining 53.36%, compared to the industry which has advanced 66.09% over the same period. With RSI of 64.48, the stock should still continue to rise and get closer to its one year target estimate of $48.52, making it a hold for now.

BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. The company’s deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. Its loan portfolio comprises commercial, financial and agricultural, real estate construction and land development, real estate mortgage, and consumer loans. The company also provides asset management, automobile lending, bankcard lending, consumer finance, home equity and mortgage lending, insurance, investment brokerage, mobile/online banking, payment, sales finance, small business lending, and wealth management/private banking services. In addition, it offers association, capital markets, institutional trust, insurance premium finance, international banking, leasing, merchant, mortgage warehouse lending, private equity investments, real estate lending, and supply chain management services. Further, the company provides retail brokerage, equity and debt underwriting, investment advice, corporate finance, and equity research services, as well as facilitates the origination, trading, and distribution of fixed-income securities and equity products. As of April 4, 2016, it operated approximately 2,265 financial centers in 15 states and Washington, D.C. The company was founded in 1872 and is headquartered in Winston-Salem, North Carolina.

Kimco Realty Corporation (KIM) gained $0.09 to close the day at a new closing price of $24.23, a 0.37% increase in value from its previous closing price that moved the stock 0.87% above its 52 week low of $24.02. A total of 3.92M shares exchanged hands during the day compared with its three month average trading volume of 3.31M. The stock, which fluctuated between $24.1 and $24.53 during the day, currently situated -23.34% below its 52 week high. The stock is down by -4.98% in the past one month and down by -6.03% over the past three months. With a one year target estimate of $27.53 and RSI of 39.75, the stock still has upside potential, making it a hold for now.

Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. The firm also provides property management services relating to the management, leasing, operation, and maintenance of real estate properties. Kimco Realty Corporation was formed in 1966 and is based in New Hyde Park, New York with additional office all across North America.

 

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