Hess Corp. (HES) SVP Sells $296,156.40 in Stock

Hess Corp. (NYSE:HES) SVP Timothy B. Goodell sold 5,546 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $53.40, for a total transaction of $296,156.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE HES opened at $52.47 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of -70.91 and a beta of 1.93. Hess Corp. has a 52 week low of $35.59 and a 52 week high of $74.81.

Hess (NYSE:HES) last posted its quarterly earnings data on Wednesday, January 30th. The oil and gas producer reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.10. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.49 billion. Hess had a negative net margin of 2.91% and a negative return on equity of 0.73%. Hess’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.01) earnings per share. Analysts predict that Hess Corp. will post -0.7 EPS for the current fiscal year.



A number of large investors have recently added to or reduced their stakes in HES. Fox Run Management L.L.C. purchased a new stake in Hess in the third quarter worth about $204,000. Factory Mutual Insurance Co. increased its holdings in shares of Hess by 1.9% during the third quarter. Factory Mutual Insurance Co. now owns 590,100 shares of the oil and gas producer’s stock valued at $42,240,000 after acquiring an additional 11,100 shares in the last quarter. Trinity Street Asset Management LLP increased its holdings in shares of Hess by 12.1% during the third quarter. Trinity Street Asset Management LLP now owns 555,632 shares of the oil and gas producer’s stock valued at $39,772,000 after acquiring an additional 59,879 shares in the last quarter. Andra AP fonden increased its holdings in shares of Hess by 8.7% during the third quarter. Andra AP fonden now owns 68,700 shares of the oil and gas producer’s stock valued at $4,918,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Hess by 1.4% during the third quarter. Nisa Investment Advisors LLC now owns 109,734 shares of the oil and gas producer’s stock valued at $7,855,000 after acquiring an additional 1,564 shares in the last quarter. 87.49% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on HES shares. Morgan Stanley reduced their price target on shares of Hess from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. MKM Partners started coverage on shares of Hess in a research report on Wednesday, December 5th. They issued a “buy” rating and a $73.00 price target on the stock. Bank of America restated a “buy” rating and issued a $85.00 price target on shares of Hess in a research report on Tuesday, November 27th. Stephens set a $77.00 price target on shares of Hess and gave the stock a “buy” rating in a research report on Monday, December 17th. Finally, Barclays upgraded shares of Hess from an “underweight” rating to an “equal weight” rating and set a $66.00 price target on the stock in a research report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $67.27.

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About Hess

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.

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