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Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico. As of December 31, 2017, it had total proved reserves of 1,154 million barrels of oil equivalent. The company is also involved in crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. The company was founded in 1920 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Petroleum refining
Sub-IndustryIntegrated Oil & Gas
Trailing P/E Ratio-12.83
Forward P/E Ratio-58.00
Sales & Book Value
Annual Sales$5.41 billion
Price / Sales3.28
Cash Flow$4.4215 per share
Price / Cash13.38
Book Value$39.77 per share
Price / Book1.49
EPS (Most Recent Fiscal Year)($4.61)
Return on Equity-8.54%
Return on Assets-4.62%
Hess (NYSE:HES) Frequently Asked Questions
What is Hess' stock symbol?
Hess trades on the New York Stock Exchange (NYSE) under the ticker symbol "HES."
How often does Hess pay dividends? What is the dividend yield for Hess?
Hess announced a quarterly dividend on Wednesday, March 7th. Stockholders of record on Monday, March 19th will be given a dividend of $0.25 per share on Thursday, March 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, March 16th. View Hess' Dividend History.
How will Hess' stock buyback program work?
Hess declared that its board has authorized a stock buyback plan on Thursday, March 8th 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's management believes its shares are undervalued.
How were Hess' earnings last quarter?
Hess Co. (NYSE:HES) released its quarterly earnings results on Wednesday, April, 25th. The oil and gas producer reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.23. The oil and gas producer had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.23 billion. Hess had a negative net margin of 69.10% and a negative return on equity of 8.54%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.07) earnings per share. View Hess' Earnings History.
When is Hess' next earnings date?
What price target have analysts set for HES?
17 brokerages have issued 1-year target prices for Hess' shares. Their predictions range from $44.00 to $64.00. On average, they expect Hess' stock price to reach $51.9088 in the next year. View Analyst Ratings for Hess.
Are investors shorting Hess?
Hess saw a drop in short interest during the month of April. As of April 30th, there was short interest totalling 25,209,672 shares, a drop of 24.1% from the April 13th total of 33,202,169 shares. Based on an average daily trading volume, of 4,665,104 shares, the days-to-cover ratio is currently 5.4 days. Currently, 9.0% of the company's shares are sold short.
Who are some of Hess' key competitors?
Some companies that are related to Hess include Suncor Energy (SU), Phillips 66 (PSX), Valero Energy (VLO), Marathon Petroleum (MPC), Repsol (REPYY), Andeavor (ANDV), HollyFrontier (HFC), YPF (YPF), PBF Energy (PBF), Delek US (DK), CVR Energy (CVI), CVR Refining (CVRR), BP Prudhoe Bay Royalty Trust (BPT), Calumet Specialty Products Partners (CLMT) and Trecora Resources (TREC).
Who are Hess' key executives?
Hess' management team includes the folowing people:
- Mr. John B. Hess, CEO & Director (Age 64)
- Mr. John P. Rielly, CFO, Sr. VP & Principal Accounting Officer (Age 56)
- Mr. Gregory P. Hill, COO, Exec. VP and Pres of Worldwide Exploration & Production (Age 57)
- Mr. Timothy B. Goodell, Sr. VP, Gen. Counsel & Sec. (Age 61)
- Mr. Michael R. Turner, Sr. VP of Production (Age 59)
Has Hess been receiving favorable news coverage?
News headlines about HES stock have trended positive on Saturday, according to Accern Sentiment Analysis. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hess earned a daily sentiment score of 0.28 on Accern's scale. They also assigned news coverage about the oil and gas producer an impact score of 45.24 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Hess' major shareholders?
Hess' stock is owned by a number of of retail and institutional investors. Top institutional investors include Artisan Partners Limited Partnership (1.72%), Barrow Hanley Mewhinney & Strauss LLC (1.39%), Northern Trust Corp (1.01%), Levin Capital Strategies L.P. (1.00%), Dimensional Fund Advisors LP (0.81%) and Massachusetts Financial Services Co. MA (0.57%). Company insiders that own Hess stock include Barbara J Lowery-Yilmaz, Brian D Truelove, Gregory P Hill, John B Hess, John P Rielly, Kevin Omar Meyers, Michael R Turner, Timothy B Goodell and William G Schrader. View Institutional Ownership Trends for Hess.
Which institutional investors are selling Hess stock?
HES stock was sold by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Arosa Capital Management LP, OppenheimerFunds Inc., Great West Life Assurance Co. Can, DekaBank Deutsche Girozentrale, Artisan Partners Limited Partnership, Swiss National Bank and Northern Trust Corp. Company insiders that have sold Hess company stock in the last year include Barbara J Lowery-Yilmaz, Brian D Truelove, Gregory P Hill, John B Hess, John P Rielly, Michael R Turner and Timothy B Goodell. View Insider Buying and Selling for Hess.
Which institutional investors are buying Hess stock?
HES stock was acquired by a variety of institutional investors in the last quarter, including Elephas Investment Management Ltd, State of Wisconsin Investment Board, KBC Group NV, Central Securities Corp, Seven Eight Capital LP, Centenus Global Management LP, Arvest Bank Trust Division and Candriam Luxembourg S.C.A.. Company insiders that have bought Hess stock in the last two years include Kevin Omar Meyers and William G Schrader. View Insider Buying and Selling for Hess.
How do I buy shares of Hess?
Shares of HES can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hess' stock price today?
One share of HES stock can currently be purchased for approximately $59.16.
How big of a company is Hess?
Hess has a market capitalization of $18.73 billion and generates $5.41 billion in revenue each year. The oil and gas producer earns $-4,074,000,000.00 in net income (profit) each year or ($4.61) on an earnings per share basis. Hess employs 2,075 workers across the globe.
How can I contact Hess?
Hess' mailing address is 1185 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The oil and gas producer can be reached via phone at 212-997-8500 or via email at [email protected]
MarketBeat Community Rating for Hess (HES)MarketBeat's community ratings are surveys of what our community members think about Hess and other stocks. Vote "Outperform" if you believe HES will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HES will underperform the S&P 500 over the long term. You may vote once every thirty days.
Hess (NYSE:HES) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
17 Wall Street analysts have issued ratings and price targets for Hess in the last 12 months. Their average twelve-month price target is $51.9088, suggesting that the stock has a possible downside of 12.26%. The high price target for HES is $64.00 and the low price target for HES is $44.00. There are currently 2 sell ratings, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.06||2.11||2.28||2.31|
|Ratings Breakdown: ||2 Sell Rating(s)|
12 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
12 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
9 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
9 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$51.9088||$51.5518||$52.3650||$51.7029|
|Price Target Upside: ||12.26% downside||11.76% downside||9.39% upside||16.06% upside|
Hess (NYSE:HES) Consensus Price Target History
Hess (NYSE:HES) Analyst Ratings History
(Data available from 5/26/2016 forward)
Hess (NYSE:HES) Dividend Information
Hess pays an annual dividend of $1.00 per share, with a dividend yield of 1.69%. HES's most recent quarterly dividend payment was Thursday, March 29. Hess pays out -21.69% of its earnings out as a dividend.
|Most Recent Dividend:||3/29/2018|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio(s):||-21.69% (Trailing 12 Months of Earnings) |
-98.04% (Based on This Year's Estimates)
-909.09% (Based on Next Year's Estimates)
22.62% (Based on Cash Flow)
Hess (NYSE:HES) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Hess (NYSE HES) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 12.09%
Institutional Ownership Percentage: 94.96%
Hess (NYSE HES) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/7/2018||Gregory P Hill||COO||Sell||7,422||$48.04||$356,552.88||90,600|| |
|3/7/2018||John P Rielly||Insider||Sell||2,826||$47.98||$135,591.48||214,478|| |
|3/7/2018||Timothy B Goodell||SVP||Sell||3,808||$47.56||$181,108.48||106,866|| |
|3/6/2018||John B Hess||CEO||Sell||51,014||$48.63||$2,480,810.82||1,813,548|| |
|3/6/2018||Kevin Omar Meyers||Director||Buy||516||$48.48||$25,015.68||22,117|| |
|2/8/2018||Gregory P. Hill||COO||Sell||6,312||$44.43||$280,442.16|| |
|2/8/2018||John B Hess||CEO||Sell||93,712||$44.29||$4,150,504.48||1,885,911|| |
|2/8/2018||John P. Rielly||CFO||Sell||3,382||$44.43||$150,262.26|| |
|2/8/2018||Michael R Turner||Insider||Sell||1,914||$44.43||$85,039.02|| |
|2/8/2018||Timothy B Goodell||SVP||Sell||3,627||$44.43||$161,147.61||99,555|| |
|12/7/2017||Gregory P. Hill||COO||Sell||7,400||$44.62||$330,188.00|| |
|9/18/2017||Brian D. Truelove||Insider||Sell||6,000||$42.53||$255,180.00|| |
|8/24/2017||Gregory P. Hill||COO||Sell||11,726||$38.37||$449,926.62|| |
|8/8/2017||Barbara J. Lowery-Yilmaz||Insider||Sell||3,873||$43.47||$168,359.31|| |
|3/7/2017||Gregory P Hill||COO||Sell||5,668||$51.03||$289,238.04||87,267|| |
|3/7/2017||John B Hess||CEO||Sell||24,331||$50.50||$1,228,715.50||1,897,098|| |
|3/7/2017||John P. Rielly||CFO||Sell||2,205||$51.03||$112,521.15|| |
|3/7/2017||Michael R Turner||Insider||Sell||1,192||$51.03||$60,827.76||97,548|| |
|3/7/2017||Timothy B Goodell||SVP||Sell||2,904||$51.05||$148,249.20||96,221|| |
|2/28/2017||William G Schrader||Director||Buy||484||$51.71||$25,027.64|| |
|2/3/2017||John B. Hess||CEO||Sell||43,711||$53.77||$2,350,340.47|| |
|2/3/2017||Timothy B. Goodell||SVP||Sell||5,112||$53.59||$273,952.08|| |
|11/17/2016||Gregory P. Hill||COO||Sell||2,951||$51.78||$152,802.78|| |
|11/4/2016||Brian D. Truelove||Insider||Sell||5,000||$47.41||$237,050.00|| |
|8/8/2016||Gregory P. Hill||COO||Sell||15,000||$55.99||$839,850.00|| |
|3/29/2016||Brian D Truelove||SVP||Sell||3,000||$49.93||$149,790.00||29,381|| |
|3/7/2016||Gregory P Hill||COO||Sell||8,124||$49.28||$400,350.72||79,548|| |
|3/7/2016||John P Rielly||CFO||Sell||5,707||$49.28||$281,240.96||187,652|| |
|3/7/2016||Mykel J Ziolo||SVP||Sell||2,929||$49.28||$144,341.12||72,031|| |
|3/1/2016||William G Schrader||Director||Buy||567||$44.21||$25,067.07||11,521|| |
|2/5/2016||Gregory P. Hill||COO||Sell||12,524||$39.36||$492,944.64|| |
|2/5/2016||John B. Hess||CEO||Buy||51,282||$39.00||$1,999,998.00|| |
|2/5/2016||John P. Rielly||CFO||Sell||8,204||$39.36||$322,909.44|| |
|2/5/2016||Kevin Omar Meyers||Director||Buy||1,282||$39.00||$49,998.00||11,660|| |
|2/5/2016||Michael R. Turner||SVP||Sell||6,106||$39.36||$240,332.16|| |
|11/12/2015||Gregory P Hill||COO||Sell||9,000||$60.02||$540,180.00||47,082|| |
|9/24/2015||Robert N Wilson||Director||Buy||3,000||$49.76||$149,280.00||78,230|| |
|9/11/2015||John B Hess||CEO||Buy||143,900||$52.27||$7,521,653.00||1,764,902|| |
|9/10/2015||John H Mullin III||Director||Buy||7,000||$54.49||$381,430.00||58,830|| |
|8/13/2015||Gregory P Hill||COO||Sell||4,300||$58.61||$252,023.00|| |
|6/18/2015||Gregory P Hill||COO||Sell||6,500||$69.76||$453,440.00|| |
|4/14/2015||Brian D Truelove||SVP||Sell||1,000||$74.29||$74,290.00|| |
|3/11/2015||Mark R Williams||Director||Buy||7,300||$69.51||$507,423.00|| |
|2/12/2015||Brian D Truelove||SVP||Sell||2,278||$72.68||$165,565.04|| |
|2/12/2015||Gregory P Hill||COO||Sell||20,653||$72.68||$1,501,060.04|| |
|2/12/2015||John P Rielly||CFO||Sell||14,345||$72.68||$1,042,594.60|| |
|2/2/2015||John B Hess||CEO||Buy||57,506||$69.52||$3,997,817.12|| |
|12/29/2014||Gregory P Hill||COO||Sell||3,800||$75.19||$285,722.00|| |
|12/19/2014||Gregory P Hill||COO||Sell||1,500||$71.48||$107,220.00|| |
|11/13/2014||Gregory P Hill||COO||Sell||4,000||$81.12||$324,480.00|| |
|9/11/2014||Gregory P Hill||COO||Sell||2,000||$98.76||$197,520.00|| |
|8/11/2014||Eric S Fishman||VP||Sell||2,550||$101.00||$257,550.00|| |
|8/1/2014||Gregory P Hill||COO||Sell||2,155||$98.23||$211,685.65|| |
|4/22/2014||Mykel Ziolo||SVP||Sell||31,095||$88.00||$2,736,360.00||51,557|| |
|4/4/2014||Mykel Ziolo||SVP||Sell||29,175||$86.00||$2,509,050.00||51,557|| |
|4/2/2014||Mykel Ziolo||SVP||Sell||36,000||$84.00||$3,024,000.00||51,557|| |
|2/21/2014||Mark Williams||Director||Buy||12,000||$81.69||$980,280.00||13,600|| |
|2/4/2014||Mykel Ziolo||SVP||Sell||4,027||$73.92||$297,675.84||40,823|| |
|12/19/2013||John Rielly||CFO||Sell||72,000||$80.57||$5,801,040.00||159,004|| |
|10/9/2013||Gregory Hill||COO||Sell||24,870||$78.73||$1,958,015.10||75,201|| |
|9/6/2013||Gregory P Hill||EVP||Sell||2,000||$76.79||$153,580.00|| |
|8/1/2013||Robert Biglin||Treasurer||Sell||3,140||$76.00||$238,640.00||10,578|| |
|7/19/2013||Robert M Biglin||Treasurer||Sell||2,954||$73.50||$217,119.00|| |
|6/21/2013||John H Mullin III||Director||Buy||10,000||$63.01||$630,100.00|| |
|6/17/2013||Lawrence H Ornstein||SVP||Sell||3,500||$67.05||$234,675.00|| |
|6/4/2013||Robert M Biglin||Treasurer||Sell||2,220||$68.37||$151,781.40|| |
|6/3/2013||Gregory P Hill||EVP||Sell||48,500||$68.70||$3,331,950.00|| |
|6/3/2013||John J Scelfo||SVP||Sell||10,547||$68.20||$719,305.40|| |
|5/16/2013||William G Schrader||Director||Buy||2,000||$68.52||$137,040.00|| |
|11/13/2012||Robert N Wilson||Director||Buy||5,000||$50.16||$250,800.00|| |
Hess (NYSE HES) News Headlines
Hess (NYSE:HES) SEC Filings
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Hess (NYSE:HES) Income Statement, Balance Sheet and Cash Flow Statement
Hess (NYSE HES) Stock Chart for Saturday, May, 26, 2018