Hess (NYSE:HES) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Hess (NYSE:HESGet Free Report) in a report released on Wednesday. The brokerage set a “sell” rating on the oil and gas producer’s stock.

A number of other equities analysts have also recently weighed in on HES. Mizuho increased their price target on Hess from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Piper Sandler increased their price target on Hess from $172.00 to $173.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Citigroup increased their price target on Hess from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Finally, Susquehanna increased their price target on Hess from $164.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hess presently has a consensus rating of “Hold” and a consensus target price of $177.83.

Get Our Latest Stock Report on Hess

Hess Stock Down 1.5 %

Shares of HES opened at $143.75 on Wednesday. Hess has a 52-week low of $129.12 and a 52-week high of $167.75. The company has a market capitalization of $44.29 billion, a PE ratio of 22.01 and a beta of 1.19. The stock has a fifty day simple moving average of $154.38 and a two-hundred day simple moving average of $148.21. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.81.

Hess (NYSE:HESGet Free Report) last issued its earnings results on Thursday, April 25th. The oil and gas producer reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $1.43. Hess had a return on equity of 22.73% and a net margin of 17.41%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the company earned $1.13 EPS. The company’s revenue for the quarter was up 36.2% on a year-over-year basis. As a group, equities analysts forecast that Hess will post 9.55 EPS for the current year.

Insiders Place Their Bets

In other Hess news, SVP Geurt G. Schoonman sold 13,921 shares of Hess stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total transaction of $2,103,184.68. Following the transaction, the senior vice president now owns 33,581 shares of the company’s stock, valued at $5,073,417.48. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Hess

A number of institutional investors have recently modified their holdings of HES. Alpine Associates Management Inc. purchased a new stake in shares of Hess in the fourth quarter valued at approximately $237,100,000. Westchester Capital Management LLC purchased a new stake in Hess during the fourth quarter worth $213,336,000. Invesco Ltd. boosted its position in Hess by 44.1% during the third quarter. Invesco Ltd. now owns 3,610,484 shares of the oil and gas producer’s stock worth $552,404,000 after purchasing an additional 1,105,204 shares in the last quarter. FMR LLC boosted its position in Hess by 2.4% during the third quarter. FMR LLC now owns 37,239,078 shares of the oil and gas producer’s stock worth $5,697,579,000 after purchasing an additional 889,122 shares in the last quarter. Finally, KRYGER CAPITAL Ltd purchased a new stake in Hess during the fourth quarter worth $110,423,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Hess Company Profile

(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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Analyst Recommendations for Hess (NYSE:HES)

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