Hess (NYSE:HES) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Hess (NYSE:HES) in a report issued on Monday morning. The firm issued a sell rating on the oil and gas producer’s stock.

Other equities research analysts have also issued research reports about the company. Mizuho boosted their price target on Hess from $205.00 to $210.00 and gave the stock a neutral rating in a research note on Monday, May 13th. Susquehanna boosted their target price on shares of Hess from $164.00 to $167.00 and gave the stock a neutral rating in a research report on Thursday, May 16th. Finally, Piper Sandler raised their price target on shares of Hess from $172.00 to $173.00 and gave the stock an overweight rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $178.08.

Hess Trading Down 2.1 %

NYSE HES opened at $148.88 on Monday. The firm has a market cap of $45.87 billion, a PE ratio of 22.80 and a beta of 1.24. Hess has a 52 week low of $124.27 and a 52 week high of $167.75. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average price of $155.35 and a 200 day moving average price of $147.91.

Hess (NYSE:HES) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $3.16 EPS for the quarter, beating the consensus estimate of $1.73 by $1.43. Hess had a return on equity of 22.73% and a net margin of 17.41%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The business’s revenue for the quarter was up 36.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Hess will post 9.55 EPS for the current fiscal year.

Hess Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 14th. Hess’s dividend payout ratio (DPR) is 26.80%.

Insider Buying and Selling at Hess

In related news, SVP Geurt G. Schoonman sold 13,921 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total value of $2,103,184.68. Following the completion of the sale, the senior vice president now owns 33,581 shares of the company’s stock, valued at $5,073,417.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Hess news, SVP Geurt G. Schoonman sold 13,921 shares of Hess stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total value of $2,103,184.68. Following the sale, the senior vice president now owns 33,581 shares in the company, valued at $5,073,417.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew P. Slentz sold 1,062 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total value of $153,480.24. Following the transaction, the senior vice president now owns 50,215 shares of the company’s stock, valued at $7,257,071.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,988 shares of company stock worth $3,702,588. Insiders own 9.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HES. New Covenant Trust Company N.A. acquired a new position in Hess during the 1st quarter worth about $25,000. NBC Securities Inc. acquired a new stake in shares of Hess during the third quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Hess in the fourth quarter valued at approximately $27,000. Rise Advisors LLC purchased a new position in Hess in the 1st quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC acquired a new position in Hess during the 4th quarter worth $29,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Hess Company Profile

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.