Hess Corporation, an exploration and production company, explores for, 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.
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Industry, Sector and Symbol
Industry Petroleum refining
Sub-IndustryIntegrated Oil & Gas
SectorOils/Energy
Phone212-997-8500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.47 billion
Profitability
Miscellaneous
Employees1,708
Next Earnings Date10/30/2019 (Estimated)
OptionableOptionable
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 Tuesday, June 4th. Shareholders of record on Monday, June 17th will be given a dividend of $0.25 per share on Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, June 14th. View Hess' Dividend History.
How will Hess' stock buyback program work?
Hess declared that its board has authorized a stock repurchase plan on Thursday, March 8th 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.
How were Hess' earnings last quarter?
Hess Corp. (NYSE:HES) posted its earnings results on Wednesday, July, 31st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.10) by $0.01. The oil and gas producer earned $1.70 billion during the quarter, compared to analyst estimates of $1.52 billion. Hess had a return on equity of 0.46% and a net margin of 1.09%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.23) EPS. View Hess' Earnings History.
When is Hess' next earnings date?
What price target have analysts set for HES?
14 analysts have issued 12 month target prices for Hess' stock. Their forecasts range from $53.00 to $93.00. On average, they expect Hess' stock price to reach $70.25 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Hess.
What is the consensus analysts' recommendation for Hess?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hess.
Has Hess been receiving favorable news coverage?
News coverage about HES stock has trended negative on Tuesday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Hess earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave media stories about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Hess.
Are investors shorting Hess?
Hess saw a increase in short interest in July. As of July 31st, there was short interest totalling 12,495,500 shares, an increase of 7.7% from the June 30th total of 11,602,300 shares. Based on an average trading volume of 2,910,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 4.7% of the shares of the stock are sold short. View Hess' Current Options Chain.
Who are some of Hess' key competitors?
Some companies that are related to Hess include China Petroleum & Chemical (SNP), ConocoPhillips (COP), Equinor ASA (EQNR), Suncor Energy (SU), Phillips 66 (PSX), Valero Energy (VLO), Marathon Petroleum (MPC), Repsol (REPYY), HollyFrontier (HFC), CVR Energy (CVI), YPF (YPF), PBF Energy (PBF), Delek US (DK), CVR Refining (CVRR) and Calumet Specialty Products Partners, L.P (CLMT).
What other stocks do shareholders of Hess own?
Who are Hess' key executives?
Hess' management team includes the folowing people:
- Mr. John B. Hess, CEO & Director (Age 65)
- Mr. John P. Rielly, Sr. VP & CFO (Age 57)
- Mr. Gregory P. Hill, COO, Exec. VP and Pres of Worldwide Exploration & Production (Age 58)
- Mr. Timothy B. Goodell, Sr. VP, Gen. Counsel & Corp. Sec. (Age 62)
- Mr. Michael R. Turner, Sr. VP of Global Production (Age 60)
Who are Hess' major shareholders?
Hess' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.85%), BlackRock Inc. (5.76%), Price T Rowe Associates Inc. MD (3.21%), Barrow Hanley Mewhinney & Strauss LLC (3.10%), Primecap Management Co. CA (2.74%) and Invesco Ltd. (2.16%). Company insiders that own Hess stock include Andrew P Slentz, Barbara J Lowery-Yilmaz, Brian D Truelove, Gregory P Hill, John B Hess, John P Rielly, Kevin Omar Meyers, Michael R Turner, Richard D Lynch, Risa J Lavizzo-Mourey and Timothy B Goodell. View Institutional Ownership Trends for Hess.
Which major investors are selling Hess stock?
HES stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Allianz Asset Management GmbH, UBS Asset Management Americas Inc., Impala Asset Management LLC, Strs Ohio, Artemis Investment Management LLP, Anchor Bolt Capital LP and Wells Fargo & Company MN. Company insiders that have sold Hess company stock in the last year include Andrew P Slentz, Barbara J Lowery-Yilmaz, Gregory P Hill, John B Hess, John P Rielly, Michael R Turner, Richard D Lynch and Timothy B Goodell. View Insider Buying and Selling for Hess.
Which major investors are buying Hess stock?
HES stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Bank of New York Mellon Corp, Vanguard Group Inc., Packer & Co Ltd, Invesco Ltd., Investec Asset Management LTD, Fisher Asset Management LLC and Holocene Advisors LP. Company insiders that have bought Hess stock in the last two years include Kevin Omar Meyers and Risa J Lavizzo-Mourey. 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 $63.15.
How big of a company is Hess?
Hess has a market capitalization of $19.23 billion and generates $6.47 billion in revenue each year. The oil and gas producer earns $-282,000,000.00 in net income (profit) each year or ($0.74) on an earnings per share basis. Hess employs 1,708 workers across the globe.View Additional Information About Hess.
What is Hess' official website?
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 (NYSE 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.
