Hess Co. (NYSE:HES - Get Free Report) has received an average rating of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $163.30.
A number of brokerages have issued reports on HES. Mizuho reduced their target price on Hess from $210.00 to $194.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. StockNews.com assumed coverage on shares of Hess in a research note on Saturday, November 2nd. They issued a "hold" rating for the company. UBS Group reduced their price target on shares of Hess from $192.00 to $173.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Susquehanna upped their price objective on shares of Hess from $149.00 to $154.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Finally, BMO Capital Markets lifted their target price on Hess from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, October 4th.
View Our Latest Stock Report on Hess
Insider Transactions at Hess
In related news, CEO John B. Hess sold 90,476 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $142.47, for a total transaction of $12,890,115.72. Following the sale, the chief executive officer now owns 223,147 shares in the company, valued at approximately $31,791,753.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.76% of the company's stock.
Institutional Trading of Hess
Several institutional investors and hedge funds have recently added to or reduced their stakes in HES. New Covenant Trust Company N.A. bought a new stake in shares of Hess in the 1st quarter valued at about $25,000. Covestor Ltd lifted its position in shares of Hess by 59.8% in the third quarter. Covestor Ltd now owns 262 shares of the oil and gas producer's stock valued at $36,000 after buying an additional 98 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Hess by 47.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 273 shares of the oil and gas producer's stock worth $43,000 after acquiring an additional 88 shares during the period. Eastern Bank acquired a new position in shares of Hess during the 3rd quarter worth approximately $48,000. Finally, Coastline Trust Co bought a new stake in Hess in the 3rd quarter valued at $55,000. 88.51% of the stock is owned by institutional investors.
Hess Trading Down 0.4 %
Hess stock traded down $0.57 during trading hours on Friday, reaching $142.18. 1,347,859 shares of the company's stock traded hands, compared to its average volume of 2,118,728. Hess has a fifty-two week low of $123.79 and a fifty-two week high of $163.98. The firm's 50 day moving average is $135.65 and its 200-day moving average is $143.67. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.14 and a current ratio of 1.26. The firm has a market capitalization of $43.81 billion, a price-to-earnings ratio of 16.57 and a beta of 1.15.
Hess (NYSE:HES - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.26. The firm had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $2.96 billion. Hess had a net margin of 20.58% and a return on equity of 27.41%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $1.64 earnings per share. On average, analysts predict that Hess will post 9.76 earnings per share for the current year.
Hess Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.50 dividend. This is a positive change from Hess's previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Monday, September 16th. Hess's payout ratio is presently 23.31%.
About Hess
(
Get Free ReportHess 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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