Hess (HES) Scheduled to Post Quarterly Earnings on Wednesday

Hess (NYSE:HESGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Hess (NYSE:HESGet Rating) last posted its earnings results on Wednesday, October 26th. The oil and gas producer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.01. Hess had a return on equity of 25.57% and a net margin of 17.31%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $2.94 billion. On average, analysts expect Hess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Hess Stock Performance

NYSE HES traded down $1.28 on Tuesday, reaching $153.88. The stock had a trading volume of 1,631,204 shares, compared to its average volume of 1,603,143. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.78 and a quick ratio of 1.66. The firm has a fifty day moving average of $142.43 and a two-hundred day moving average of $127.90. Hess has a 1-year low of $85.50 and a 1-year high of $156.98. The company has a market cap of $47.44 billion, a P/E ratio of 25.60 and a beta of 1.55.

Hess Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Monday, December 19th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, December 16th. Hess’s dividend payout ratio is 24.96%.

Insiders Place Their Bets

In other news, COO Gregory P. Hill sold 53,851 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $143.45, for a total value of $7,724,925.95. Following the completion of the sale, the chief operating officer now owns 78,434 shares of the company’s stock, valued at $11,251,357.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Andrew P. Slentz sold 37,419 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $148.21, for a total value of $5,545,869.99. Following the completion of the sale, the senior vice president now owns 29,327 shares of the company’s stock, valued at $4,346,554.67. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gregory P. Hill sold 53,851 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $143.45, for a total value of $7,724,925.95. Following the completion of the sale, the chief operating officer now directly owns 78,434 shares of the company’s stock, valued at approximately $11,251,357.30. The disclosure for this sale can be found here. Insiders own 9.93% of the company’s stock.

Institutional Investors Weigh In On Hess

Institutional investors and hedge funds have recently made changes to their positions in the stock. Centaurus Financial Inc. acquired a new stake in shares of Hess in the first quarter valued at about $107,000. Covestor Ltd grew its stake in Hess by 474.3% during the first quarter. Covestor Ltd now owns 1,252 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,034 shares during the period. Enlightenment Research LLC acquired a new stake in Hess during the first quarter worth approximately $215,000. Glenmede Trust Co. NA acquired a new stake in Hess during the third quarter worth approximately $243,000. Finally, SVB Wealth LLC acquired a new stake in Hess during the first quarter worth approximately $245,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

HES has been the topic of a number of research reports. Citigroup upped their price objective on Hess from $130.00 to $155.00 in a report on Tuesday, November 22nd. Piper Sandler decreased their price objective on Hess from $164.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. JPMorgan Chase & Co. decreased their price objective on Hess from $155.00 to $153.00 in a report on Monday, January 9th. Mizuho downgraded Hess from a “buy” rating to a “neutral” rating and upped their target price for the company from $150.00 to $164.00 in a research report on Tuesday, January 10th. Finally, Susquehanna Bancshares upped their target price on Hess from $144.00 to $166.00 in a research report on Thursday, October 27th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Hess currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Hess Company Profile

(Get Rating)

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream.

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Earnings History for Hess (NYSE:HES)

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