Hess Stock Price, News & Analysis (NYSE:HES)

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HES shares.
View HES analyst ratings or view top-rated stocks.

16 equities research analysts have issued 1 year price targets for Hess' shares. Their HES share price targets range from $150.00 to $210.00. On average, they predict the company's share price to reach $173.06 in the next year. This suggests a possible upside of 28.7% from the stock's current price.
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Hess' stock was trading at $141.82 on January 1st, 2023. Since then, HES stock has decreased by 5.2% and is now trading at $134.50.
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Hess saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,870,000 shares, an increase of 36.3% from the October 31st total of 2,840,000 shares. Based on an average daily trading volume, of 2,870,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.4% of the shares of the company are short sold.
View Hess' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our HES earnings forecast.

Hess Co. (NYSE:HES) posted its quarterly earnings data on Wednesday, October, 25th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.40. The oil and gas producer earned $2.30 billion during the quarter, compared to the consensus estimate of $2.68 billion. Hess had a trailing twelve-month return on equity of 18.06% and a net margin of 14.94%. The firm's revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.89 earnings per share.

Hess announced a quarterly dividend on Wednesday, December 6th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.4375 per share on Friday, December 29th. This represents a $1.75 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, December 15th.
Read our dividend analysis for HES.

Hess (NYSE:HES) pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.24%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 16.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HES.

ETFs with the largest weight of Hess (NYSE:HES) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco Dorsey Wright Energy Momentum ETF (PXI), First Trust Natural Gas ETF (FCG), Energy Select Sector SPDR Fund (XLE), Proshares Equities For Rising Rates ETF (EQRR) and iShares U.S. Energy ETF (IYE).

200 employees have rated Hess Chief Executive Officer John B. Hess on Glassdoor.com. John B. Hess has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hess investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Incyte (INCY), (MDVN) (MDVN), Precigen (PGEN), Intel (INTC), First Solar (FSLR), Walt Disney (DIS), Schlumberger (SLB) and Chevron (CVX).

Hess' stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (12.12%), Primecap Management Co. CA (2.64%), Massachusetts Financial Services Co. MA (2.54%), Bank of New York Mellon Corp (1.90%), Invesco Ltd. (1.18%) and Morgan Stanley (0.96%). Insiders that own company stock include Andrew P Slentz, Barbara J Lowery-Yilmaz, Corp Hess, Geurt G Schoonman, Gregory P Hill, John B Hess, John B Hess, John P Rielly, Michael Mcknight, Richard D Lynch, Sami A Siddiqui and Timothy B Goodell.
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Shares of HES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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