Hess (HES) Set to Announce Earnings on Thursday

Hess (NYSE:HES) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Hess to post earnings of $1.73 per share for the quarter.

Hess (NYSE:HES) last announced its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Hess had a return on equity of 17.00% and a net margin of 12.98%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, analysts expect Hess to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Hess Price Performance

Shares of NYSE HES opened at $150.80 on Thursday. Hess has a 1 year low of $124.27 and a 1 year high of $167.75. The stock has a market capitalization of $46.46 billion, a P/E ratio of 33.51 and a beta of 1.27. The company’s 50-day moving average is $149.60 and its 200 day moving average is $146.76. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, March 15th. Hess’s dividend payout ratio (DPR) is presently 38.89%.

Insider Buying and Selling at Hess

In related news, SVP Geurt G. Schoonman sold 13,921 shares of the business’s stock in a transaction on 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 owns 33,581 shares in the company, valued at $5,073,417.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Geurt G. Schoonman sold 13,921 shares of Hess stock in a transaction dated 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 transaction, 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 SEC, which is available at this hyperlink. Also, CEO John B. Hess sold 73,885 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $145.87, for a total value of $10,777,604.95. Following the sale, 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 sold 155,798 shares of company stock worth $22,811,166 in the last quarter. 9.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Chartwell Investment Partners LLC boosted its stake in shares of Hess by 9.8% during the 4th quarter. Chartwell Investment Partners LLC now owns 132,058 shares of the oil and gas producer’s stock worth $19,037,000 after purchasing an additional 11,770 shares during the period. Legal & General Group Plc lifted its stake in Hess by 13.7% in the fourth quarter. Legal & General Group Plc now owns 2,413,644 shares of the oil and gas producer’s stock worth $347,951,000 after purchasing an additional 291,757 shares during the last quarter. Perpetual Ltd boosted its position in shares of Hess by 12.5% during the fourth quarter. Perpetual Ltd now owns 176,408 shares of the oil and gas producer’s stock valued at $25,431,000 after buying an additional 19,557 shares during the period. Fayez Sarofim & Co grew its stake in shares of Hess by 0.6% during the fourth quarter. Fayez Sarofim & Co now owns 4,752,526 shares of the oil and gas producer’s stock valued at $675,191,000 after buying an additional 29,333 shares during the last quarter. Finally, Utah Retirement Systems grew its stake in shares of Hess by 0.6% during the fourth quarter. Utah Retirement Systems now owns 48,113 shares of the oil and gas producer’s stock valued at $6,936,000 after buying an additional 300 shares during the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on HES. Susquehanna upped their price objective on Hess from $152.00 to $156.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Mizuho raised their target price on shares of Hess from $200.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. StockNews.com assumed coverage on Hess in a report on Wednesday. They issued a “sell” rating on the stock. Finally, Piper Sandler lifted their target price on Hess from $169.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $176.67.

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.