StockNews.com began coverage on shares of Hess (NYSE:HES - Get Free Report) in a report issued on Friday. The brokerage set a "hold" rating on the oil and gas producer's stock.
Several other equities analysts have also recently commented on the company. Pickering Energy Partners upgraded Hess to a "hold" rating in a research report on Friday, January 3rd. UBS Group lifted their price target on Hess from $185.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $168.56.
Check Out Our Latest Research Report on HES
Hess Stock Performance
NYSE:HES traded up $2.33 during trading hours on Friday, reaching $129.54. The stock had a trading volume of 146,125 shares, compared to its average volume of 2,068,281. Hess has a 12-month low of $123.79 and a 12-month high of $163.98. The stock has a 50 day simple moving average of $146.08 and a 200 day simple moving average of $142.48. The stock has a market cap of $39.94 billion, a P/E ratio of 14.39 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.12.
Hess (NYSE:HES - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%. On average, research analysts forecast that Hess will post 8.08 EPS for the current fiscal year.
Insider Transactions at Hess
In related news, CEO John B. Hess sold 175,000 shares of the business'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 transaction of $27,877,500.00. Following the completion of the transaction, the chief executive officer now owns 2,384,679 shares in the company, valued at $379,879,364.70. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 9.76% of the company's stock.
Institutional Trading of Hess
Several large investors have recently bought and sold shares of HES. Stifel Financial Corp raised its stake in Hess by 26.2% in the 3rd quarter. Stifel Financial Corp now owns 39,361 shares of the oil and gas producer's stock worth $5,346,000 after acquiring an additional 8,174 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Hess by 1.5% during the third quarter. MML Investors Services LLC now owns 8,098 shares of the oil and gas producer's stock worth $1,100,000 after purchasing an additional 121 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Hess in the third quarter valued at approximately $454,000. Toronto Dominion Bank increased its holdings in Hess by 43.0% in the 3rd quarter. Toronto Dominion Bank now owns 191,453 shares of the oil and gas producer's stock worth $25,999,000 after buying an additional 57,546 shares during the period. Finally, TD Private Client Wealth LLC raised its position in Hess by 1,584.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,413 shares of the oil and gas producer's stock worth $1,007,000 after buying an additional 6,973 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company's stock.
About Hess
(
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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