Hess Corp. (NYSE:HES) insider Michael R. Turner sold 25,170 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $63.20, for a total transaction of $1,590,744.00. Following the sale, the insider now directly owns 92,812 shares in the company, valued at $5,865,718.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Michael R. Turner also recently made the following trade(s):
- On Tuesday, February 12th, Michael R. Turner sold 7,107 shares of Hess stock. The shares were sold at an average price of $55.44, for a total transaction of $394,012.08.
Hess stock traded up $0.32 during midday trading on Friday, hitting $63.58. 2,329,481 shares of the stock were exchanged, compared to its average volume of 3,482,749. Hess Corp. has a fifty-two week low of $35.59 and a fifty-two week high of $74.81. The stock has a market cap of $19.20 billion, a P/E ratio of -85.92 and a beta of 1.96. The company has a current ratio of 1.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.62.
Hess (NYSE:HES) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas producer reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.35. Hess had a negative net margin of 0.75% and a positive return on equity of 0.20%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned ($0.27) earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts forecast that Hess Corp. will post 0.12 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Icon Wealth Partners LLC purchased a new position in shares of Hess in the first quarter valued at approximately $25,000. Trustcore Financial Services LLC purchased a new position in Hess in the first quarter worth approximately $35,000. Lindbrook Capital LLC acquired a new stake in Hess during the fourth quarter worth approximately $26,000. NuWave Investment Management LLC raised its holdings in Hess by 266.5% during the fourth quarter. NuWave Investment Management LLC now owns 832 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 605 shares in the last quarter. Finally, Rational Advisors LLC raised its holdings in Hess by 266.5% during the fourth quarter. Rational Advisors LLC now owns 832 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 605 shares in the last quarter. 91.04% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on HES. Stephens downgraded shares of Hess from an “overweight” rating to an “equal weight” rating and set a $69.00 price objective on the stock. in a report on Tuesday, January 29th. They noted that the move was a valuation call. ValuEngine downgraded shares of Hess from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Hess from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, April 30th. MKM Partners reiterated a “neutral” rating and issued a $71.00 target price on shares of Hess in a research report on Tuesday, April 16th. Finally, Morgan Stanley set a $63.00 target price on shares of Hess and gave the company a “buy” rating in a research report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Hess currently has an average rating of “Hold” and an average price target of $68.69.
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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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