Capital One Financial Weighs in on Hess FY2025 Earnings

Hess Co. (NYSE:HES - Free Report) - Research analysts at Capital One Financial decreased their FY2025 earnings estimates for Hess in a note issued to investors on Tuesday, April 8th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $7.38 per share for the year, down from their prior estimate of $7.61. The consensus estimate for Hess' current full-year earnings is $8.08 per share.

Hess (NYSE:HES - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%.

Other research analysts have also recently issued reports about the company. StockNews.com started coverage on Hess in a research note on Friday. They issued a "hold" rating for the company. Scotiabank lowered their target price on shares of Hess from $164.00 to $146.58 and set a "sector perform" rating on the stock in a research note on Friday. Pickering Energy Partners raised shares of Hess to a "hold" rating in a report on Friday, January 3rd. Finally, UBS Group increased their target price on Hess from $185.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $168.56.

Hess Stock Performance

Shares of NYSE:HES traded down $0.37 on Thursday, hitting $127.54. 678,862 shares of the company were exchanged, compared to its average volume of 1,885,663. The firm has a market capitalization of $39.32 billion, a P/E ratio of 14.17 and a beta of 0.88. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock's 50 day moving average price is $146.37 and its 200 day moving average price is $142.59. Hess has a 1-year low of $123.79 and a 1-year high of $163.98.

Institutional Trading of Hess

Hedge funds have recently modified their holdings of the stock. CX Institutional grew its stake in shares of Hess by 35.4% during the first quarter. CX Institutional now owns 2,890 shares of the oil and gas producer's stock worth $462,000 after purchasing an additional 755 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Hess by 3.0% during the first quarter. Assenagon Asset Management S.A. now owns 12,027 shares of the oil and gas producer's stock worth $1,921,000 after buying an additional 351 shares during the period. Integrated Advisors Network LLC purchased a new position in shares of Hess in the 1st quarter valued at approximately $382,000. GAMMA Investing LLC increased its stake in Hess by 1.6% in the 1st quarter. GAMMA Investing LLC now owns 9,682 shares of the oil and gas producer's stock valued at $1,547,000 after buying an additional 156 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Hess during the first quarter worth about $862,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hess

In other news, CEO John B. Hess sold 175,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $159.30, for a total value of $27,877,500.00. Following the completion of the transaction, the chief executive officer now owns 2,384,679 shares of the company's stock, valued at approximately $379,879,364.70. This trade represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.76% of the stock is owned by corporate insiders.

Hess Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, March 17th. Hess's dividend payout ratio is presently 22.22%.

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.