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

Research analysts at StockNews.com began coverage on shares of Hess (NYSE:HESGet Free Report) in a research note issued to investors on Monday. The firm set a “sell” rating on the oil and gas producer’s stock.

Other research analysts also recently issued research reports about the stock. Mizuho increased 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. Piper Sandler increased their price target on Hess from $172.00 to $173.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Susquehanna upped their target price on Hess from $164.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hess has a consensus rating of “Hold” and a consensus target price of $178.08.

Get Our Latest Research Report on HES

Hess Stock Up 0.7 %

Hess stock opened at $151.39 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.81. Hess has a 12 month low of $124.27 and a 12 month high of $167.75. The firm has a market cap of $46.64 billion, a price-to-earnings ratio of 23.18 and a beta of 1.24. The stock has a fifty day simple moving average of $155.34 and a two-hundred day simple moving average of $147.75.

Hess (NYSE:HESGet Free Report) last announced its earnings results on Thursday, April 25th. The oil and gas producer reported $3.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was up 36.2% on a year-over-year basis. Equities analysts predict that Hess will post 9.55 EPS for the current fiscal year.

Insider Transactions at Hess

In related news, SVP Andrew P. Slentz sold 1,062 shares of Hess stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $153,480.24. Following the transaction, the senior vice president now owns 50,215 shares in the company, valued at $7,257,071.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Timothy B. Goodell sold 2,701 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $390,348.52. Following the completion of the transaction, the executive vice president now directly owns 162,144 shares in the company, valued at approximately $23,433,050.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew P. Slentz sold 1,062 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $153,480.24. Following the completion of the transaction, the senior vice president now owns 50,215 shares of the company’s stock, valued at approximately $7,257,071.80. The disclosure for this sale can be found here. Insiders have sold 155,798 shares of company stock valued at $22,811,166 over the last ninety days. Insiders own 9.76% of the company’s stock.

Institutional Investors Weigh In On Hess

Hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Associates Management Inc. purchased a new position in shares of Hess in the fourth quarter valued at $237,100,000. Westchester Capital Management LLC bought a new stake in shares of Hess in the 4th quarter worth about $213,336,000. Invesco Ltd. raised its stake in shares of Hess by 44.1% in the 3rd quarter. Invesco Ltd. now owns 3,610,484 shares of the oil and gas producer’s stock valued at $552,404,000 after purchasing an additional 1,105,204 shares in the last quarter. FMR LLC lifted its holdings in Hess by 2.4% during the 3rd quarter. FMR LLC now owns 37,239,078 shares of the oil and gas producer’s stock worth $5,697,579,000 after buying an additional 889,122 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Hess by 703.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,007,485 shares of the oil and gas producer’s stock worth $154,146,000 after acquiring an additional 882,045 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Hess Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Hess (NYSE:HES)

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