Barclays Raises Hess (NYSE:HES) Price Target to $160.00

Hess (NYSE:HESGet Rating) had its price objective increased by Barclays from $155.00 to $160.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the oil and gas producer’s stock.

Other equities research analysts also recently issued research reports about the company. Mizuho downgraded Hess from a buy rating to a neutral rating and boosted their price objective for the company from $150.00 to $164.00 in a report on Tuesday, January 10th. JPMorgan Chase & Co. cut their price objective on Hess from $155.00 to $153.00 in a report on Monday, January 9th. Citigroup boosted their price objective on Hess from $130.00 to $155.00 in a report on Tuesday, November 22nd. Susquehanna Bancshares upped their price target on Hess from $144.00 to $166.00 in a report on Thursday, October 27th. Finally, Susquehanna upped their price target on Hess from $144.00 to $166.00 in a report on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Hess presently has an average rating of Moderate Buy and a consensus price target of $154.00.

Hess Stock Performance

Shares of Hess stock opened at $155.16 on Monday. 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 firm has a market cap of $47.84 billion, a PE ratio of 25.82 and a beta of 1.55. Hess has a 52 week low of $83.56 and a 52 week high of $156.98. The business’s fifty day simple moving average is $142.34 and its 200-day simple moving average is $127.52.

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, beating the consensus estimate of $1.88 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.94 billion. Hess had a return on equity of 25.57% and a net margin of 17.31%. Equities analysts forecast that Hess will post 7.03 earnings per share for the current year.

Hess Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Monday, December 19th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.97%. Hess’s payout ratio is currently 24.96%.

Insider Activity

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

Institutional Trading of Hess

A number of large investors have recently made changes to their positions in the company. Metis Global Partners LLC boosted its position in shares of Hess by 1.7% in the 3rd quarter. Metis Global Partners LLC now owns 4,176 shares of the oil and gas producer’s stock valued at $454,000 after purchasing an additional 69 shares during the period. Orion Capital Management LLC lifted its position in Hess by 63.4% during the 4th quarter. Orion Capital Management LLC now owns 214 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 83 shares during the period. CHICAGO TRUST Co NA lifted its position in Hess by 2.0% during the 4th quarter. CHICAGO TRUST Co NA now owns 4,320 shares of the oil and gas producer’s stock worth $613,000 after acquiring an additional 85 shares during the period. Brinker Capital Investments LLC lifted its position in Hess by 1.5% during the 1st quarter. Brinker Capital Investments LLC now owns 5,887 shares of the oil and gas producer’s stock worth $630,000 after acquiring an additional 86 shares during the period. Finally, SouthState Corp lifted its position in Hess by 14.5% during the 3rd quarter. SouthState Corp now owns 704 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 89 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for Hess (NYSE:HES)

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