Hess (NYSE:HES) Hits New 1-Year High at $155.70

Hess Co. (NYSE:HESGet Rating)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $155.70 and last traded at $155.42, with a volume of 3117 shares trading hands. The stock had previously closed at $151.65.

Analyst Ratings Changes

HES has been the topic of a number of analyst reports. Barclays increased their target price on Hess from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, December 7th. StockNews.com initiated coverage on Hess in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Susquehanna Bancshares raised their price objective on Hess from $144.00 to $166.00 in a report on Thursday, October 27th. Mizuho cut Hess from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $150.00 to $164.00 in a report on Tuesday, January 10th. Finally, Wells Fargo & Company raised their price objective on Hess from $159.00 to $162.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $151.14.

Hess Stock Up 2.0 %

The stock has a fifty day moving average of $141.97 and a two-hundred day moving average of $126.37. The company has a quick ratio of 1.66, a current ratio of 1.78 and a debt-to-equity ratio of 1.04. The stock has a market cap of $47.43 billion, a price-to-earnings ratio of 25.60 and a beta of 1.55.

Hess (NYSE:HESGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The oil and gas producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.88 by $0.01. Hess had a return on equity of 25.57% and a net margin of 17.31%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $2.94 billion. As a group, analysts predict that Hess Co. will post 7.09 EPS for the current fiscal year.

Hess Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Monday, December 19th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, December 16th. Hess’s dividend payout ratio (DPR) is presently 24.96%.

Insider Buying and Selling at Hess

In other Hess news, SVP Andrew P. Slentz sold 37,419 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $148.21, for a total value of $5,545,869.99. Following the transaction, the senior vice president now directly owns 29,327 shares of the company’s stock, valued at $4,346,554.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Gregory P. Hill sold 53,851 shares of Hess stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $143.45, for a total transaction of $7,724,925.95. Following the sale, the chief operating officer now directly owns 78,434 shares of the company’s stock, valued at $11,251,357.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew P. Slentz sold 37,419 shares of Hess stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $148.21, for a total value of $5,545,869.99. Following the sale, the senior vice president now directly owns 29,327 shares in the company, valued at $4,346,554.67. The disclosure for this sale can be found here. 9.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Hess

A number of hedge funds and other institutional investors have recently modified their holdings of HES. Metis Global Partners LLC increased its holdings in shares of Hess by 1.7% in the third quarter. Metis Global Partners LLC now owns 4,176 shares of the oil and gas producer’s stock valued at $454,000 after buying an additional 69 shares in the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of Hess by 2.0% in the fourth quarter. CHICAGO TRUST Co NA now owns 4,320 shares of the oil and gas producer’s stock valued at $613,000 after buying an additional 85 shares in the last quarter. Brinker Capital Investments LLC increased its holdings in shares of Hess by 1.5% in the first quarter. Brinker Capital Investments LLC now owns 5,887 shares of the oil and gas producer’s stock valued at $630,000 after buying an additional 86 shares in the last quarter. SouthState Corp increased its holdings in shares of Hess by 14.5% in the third quarter. SouthState Corp now owns 704 shares of the oil and gas producer’s stock valued at $77,000 after buying an additional 89 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in shares of Hess by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 16,020 shares of the oil and gas producer’s stock valued at $2,272,000 after buying an additional 92 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Hess Company Profile

(Get Rating)

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream.

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