Hess Co. (NYSE:HES – Get Free Report) saw unusually high options trading activity on Monday. Traders purchased 40,886 put options on the stock, a 796% increase over the usual daily volume of 4,562 put options.
Institutional investors comment on Hess
Several hedge funds have recently bought and sold shares of HES. New Covenant Trust Company NA acquired a new position in shares of Hess during the first quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of Hess during the first quarter valued at about $27,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Hess during the fourth quarter valued at about $27,000. Cape Investment Advisory Inc. acquired a new position in shares of Hess during the fourth quarter valued at about $32,000. Finally, Riverview Trust Co acquired a new position in shares of Hess during the first quarter valued at about $36,000. 88.51% of the shares are currently owned by institutional investors.
Hess Trading increases by 0.5%
Shares of NYSE:HES opened at $135.02 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.78. Hess has a 1-year low of $130.35 and a 1-year high of $167.75. The company has a 50-day moving average price of $146.04 and a 200-day moving average price of $149.50. The stock has a market cap of $41.60 billion, a P/E ratio of 20.68 and a beta of 1.16.
Hess (NYSE:HES – Get Free Report) last released its quarterly earnings results on Wednesday, July 31. The oil and gas producer reported earnings per share (EPS) of $2.62 for the quarter, beating analysts’ consensus estimates of $2.48 by $0.14. Hess had a net margin of 21.22% and a return on equity of 27.43%. The company had revenue of $3.26 billion for the quarter, compared to analyst expectations of $3.24 billion. During the same period last year, the company generated earnings per share of $0.65. The company’s quarterly revenue grew 40.3% compared to the year-ago quarter. Analysts expect Hess to report earnings per share of $11.08 for the current fiscal year.
Hess announces dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.4375 per share. This represents a dividend of $1.75 annualized and a yield of 1.30%. The ex-dividend date of this dividend was Friday, June 14th. Hess’s dividend payout ratio (DPR) is 26.80%.
Upgrades and downgrades by analysts
Several equities analysts have recently commented on HES shares. Scotiabank lowered their price target on Hess shares from $165.00 to $157.00 and gave the stock a “sector perform” rating in a report on Friday, July 12. Susquehanna lowered their price target on Hess shares from $167.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, July 22. StockNews.com began coverage on Hess shares in a report on Friday, June 28. They gave the stock a “hold” rating. Citigroup increased their price target on Hess shares from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, June 5. Finally, Mizuho raised their price target on shares of Hess from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, May 13. Eight investment analysts have rated the stock with a “hold” and five have given the company a “buy” rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $178.58.
Check out our latest analysis on Hess
About Hess
(Get free report)
Hess Corporation, an exploration and production company, explores for, 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 operates production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area and Malaysia; and exploration activities primarily offshore Guyana, the U.S.
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