Hess (NYSE:HES) PT Raised to $130.00 at Morgan Stanley

Hess (NYSE:HESGet Rating) had its price target boosted by equities researchers at Morgan Stanley from $123.00 to $130.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Morgan Stanley’s target price points to a potential downside of 16.02% from the company’s current price.

Several other analysts have also recently commented on HES. Piper Sandler dropped their target price on shares of Hess from $164.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. StockNews.com started coverage on shares of Hess in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup upped their target price on shares of Hess from $130.00 to $155.00 in a research report on Tuesday, November 22nd. Wells Fargo & Company upped their target price on shares of Hess from $159.00 to $162.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. Finally, Wolfe Research upgraded shares of Hess from a “peer perform” rating to an “outperform” rating and set a $181.00 target price for the company in a research report on Thursday, January 12th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.14.

Hess Stock Up 0.6 %

NYSE:HES opened at $154.80 on Thursday. The stock’s fifty day moving average price is $142.15 and its two-hundred day moving average price is $126.71. Hess has a 52-week low of $83.56 and a 52-week high of $156.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.66 and a current ratio of 1.78. The company has a market cap of $47.73 billion, a price-to-earnings ratio of 25.76 and a beta of 1.55.

Hess (NYSE:HESGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The oil and gas producer reported $1.89 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.94 billion. On average, analysts anticipate that Hess will post 7.09 EPS for the current year.

Insiders Place Their Bets

In other Hess news, SVP Andrew P. Slentz sold 37,419 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $148.21, for a total transaction of $5,545,869.99. Following the completion of the transaction, the senior vice president now owns 29,327 shares in the company, valued at approximately $4,346,554.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Hess news, SVP Andrew P. Slentz sold 37,419 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $148.21, for a total transaction of $5,545,869.99. Following the completion of the transaction, the senior vice president now owns 29,327 shares in the company, valued at approximately $4,346,554.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Gregory P. Hill sold 53,851 shares of the 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 transaction, the chief operating officer now owns 78,434 shares of the company’s stock, valued at $11,251,357.30. The disclosure for this sale can be found here. Corporate insiders own 9.93% of the company’s stock.

Hedge Funds Weigh In On Hess

Large investors have recently modified their holdings of the business. Private Trust Co. NA boosted its stake in shares of Hess by 280.0% during the 3rd quarter. Private Trust Co. NA now owns 228 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Field & Main Bank acquired a new stake in Hess in the 2nd quarter valued at about $26,000. Zions Bancorporation N.A. lifted its stake in Hess by 92.3% in the 3rd quarter. Zions Bancorporation N.A. now owns 300 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 144 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Hess in the 2nd quarter valued at about $34,000. Finally, Jones Financial Companies Lllp lifted its stake in Hess by 170.6% in the 2nd quarter. Jones Financial Companies Lllp now owns 322 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 203 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

About Hess

(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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