Hess (NYSE:HES) Price Target Raised to $164.00 at Susquehanna

Hess (NYSE:HES) had its price objective increased by research analysts at Susquehanna from $156.00 to $164.00 in a report released on Monday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Susquehanna’s target price points to a potential upside of 4.47% from the stock’s current price.

HES has been the topic of a number of other reports. Mizuho raised their price objective on Hess from $200.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. StockNews.com initiated coverage on Hess in a research report on Wednesday, April 17th. They set a “sell” rating on the stock. Finally, Piper Sandler boosted their price objective on Hess from $172.00 to $173.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $177.42.

Hess Stock Up 0.5 %

Shares of HES opened at $156.98 on Monday. Hess has a 1 year low of $124.27 and a 1 year high of $167.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $150.49 and a two-hundred day simple moving average of $147.01. The firm has a market cap of $48.37 billion, a P/E ratio of 34.88 and a beta of 1.27.

Hess (NYSE:HES) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Hess had a net margin of 12.98% and a return on equity of 17.00%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the business posted $1.78 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts forecast that Hess will post 8.32 earnings per share for the current fiscal year.

Insider Activity at Hess

In other Hess news, EVP Timothy B. Goodell sold 2,701 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $144.52, for a total transaction of $390,348.52. Following the transaction, the executive vice president now directly owns 162,144 shares of the company’s stock, valued at approximately $23,433,050.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Geurt G. Schoonman sold 13,921 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $151.08, for a total value of $2,103,184.68. Following the completion of the transaction, the senior vice president now directly owns 33,581 shares of the company’s stock, valued at $5,073,417.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy B. Goodell sold 2,701 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $390,348.52. Following the completion of the sale, the executive vice president now owns 162,144 shares of the company’s stock, valued at $23,433,050.88. The disclosure for this sale can be found here. Insiders sold a total of 155,798 shares of company stock worth $22,811,166 over the last quarter. 9.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Spire Wealth Management boosted its position in shares of Hess by 30.7% during the third quarter. Spire Wealth Management now owns 319 shares of the oil and gas producer’s stock valued at $49,000 after purchasing an additional 75 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Hess by 17.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 507 shares of the oil and gas producer’s stock valued at $77,000 after buying an additional 77 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Hess by 10.3% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 855 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 80 shares during the period. Capital Advisors Inc. OK increased its stake in shares of Hess by 5.4% in the 3rd quarter. Capital Advisors Inc. OK now owns 1,584 shares of the oil and gas producer’s stock worth $242,000 after acquiring an additional 81 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its position in Hess by 1.8% during the 1st quarter. Drive Wealth Management LLC now owns 4,527 shares of the oil and gas producer’s stock valued at $691,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Hess Company Profile

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.