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 Wall Street analysts have issued 12 month price objectives for Hess' stock. Their HES share price targets range from $150.00 to $210.00. On average, they expect the company's stock price to reach $173.06 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for HES or view top-rated stocks among Wall Street analysts.

Hess' stock was trading at $141.82 at the beginning of 2023. Since then, HES stock has decreased by 3.2% and is now trading at $137.25.
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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 volume of 2,870,000 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the shares of the stock are sold short.
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 for the quarter, topping analysts' consensus estimates of $1.24 by $0.40. The oil and gas producer earned $2.30 billion during the quarter, compared to analysts' expectations of $2.68 billion. Hess had a net margin of 14.94% and a trailing twelve-month return on equity of 18.06%. Hess's revenue was down 27.3% compared to the same quarter last year. During the same period last year, the business posted $1.89 EPS.

Hess announced a quarterly dividend on Wednesday, September 6th. Shareholders of record on Monday, September 18th will be given a dividend of $0.4375 per share on Friday, September 29th. This represents a $1.75 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, September 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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