Hess (NYSE:HES) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Hess (NYSE:HES) in a report released on Wednesday. The firm set a “sell” rating on the oil and gas producer’s stock.

HES has been the topic of a number of other research reports. Mizuho lifted their target price on shares of Hess from $200.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Susquehanna lifted their target price on shares of Hess from $152.00 to $156.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Finally, Piper Sandler lifted their target price on shares of Hess from $169.00 to $172.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $176.67.

Hess Trading Down 0.9 %

Shares of Hess stock opened at $150.26 on Wednesday. The company’s fifty day simple moving average is $149.49 and its 200-day simple moving average is $146.73. The stock has a market capitalization of $46.30 billion, a PE ratio of 33.39 and a beta of 1.27. Hess has a 1-year low of $124.27 and a 1-year high of $167.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 0.96.

Hess (NYSE:HES) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. Hess had a net margin of 12.98% and a return on equity of 17.00%. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the company posted $1.78 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that Hess will post 7.76 earnings per share for the current year.

Insider Transactions at Hess

In other news, SVP Geurt G. Schoonman sold 13,921 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were 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 directly owns 33,581 shares in the company, valued at approximately $5,073,417.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Geurt G. Schoonman sold 13,921 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $151.08, for a total transaction of $2,103,184.68. Following the transaction, the senior vice president now directly owns 33,581 shares in the company, valued at approximately $5,073,417.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John B. Hess sold 73,885 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $145.87, for a total transaction of $10,777,604.95. Following the transaction, the chief executive officer now owns 138,718 shares in the company, valued at $20,234,794.66. The disclosure for this sale can be found here. Insiders have sold a total of 155,798 shares of company stock worth $22,811,166 in the last three months. Insiders own 9.76% of the company’s stock.

Hedge Funds Weigh In On Hess

Several hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Hess in the 3rd quarter valued at about $26,000. KB Financial Partners LLC purchased a new stake in shares of Hess in the 1st quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Hess in the 4th quarter worth approximately $27,000. Rise Advisors LLC purchased a new stake in shares of Hess in the 1st quarter worth approximately $27,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Hess in the 4th quarter worth approximately $29,000. 88.51% of the stock is currently owned by institutional investors.

About Hess

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.