Hess (NYSE:HES) Price Target Increased to $164.00 by Analysts at Susquehanna

Hess (NYSE:HESGet Free Report) had its target price hoisted by research analysts at Susquehanna from $156.00 to $164.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. Susquehanna’s target price would indicate a potential upside of 6.25% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. StockNews.com began coverage on Hess in a research report on Wednesday, April 17th. They issued a “sell” rating for the company. Mizuho boosted their price target on Hess from $200.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, Piper Sandler boosted their price target on Hess from $172.00 to $173.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hess currently has a consensus rating of “Hold” and a consensus target price of $177.42.

View Our Latest Report on HES

Hess Price Performance

Shares of NYSE:HES opened at $154.35 on Monday. The company has a market cap of $47.56 billion, a P/E ratio of 34.30 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. Hess has a 52 week low of $124.27 and a 52 week high of $167.75. The business has a fifty day simple moving average of $149.96 and a 200-day simple moving average of $146.83.

Hess (NYSE:HESGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.76 billion. Hess had a return on equity of 17.00% and a net margin of 12.98%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. Equities research analysts forecast that Hess will post 8.32 EPS for the current year.

Insider Transactions at Hess

In other news, CEO John B. Hess sold 73,885 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $145.87, for a total value of $10,777,604.95. Following the completion of the sale, the chief executive officer now owns 138,718 shares of the company’s stock, valued at $20,234,794.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Andrew P. Slentz sold 1,062 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $144.52, for a total value of $153,480.24. Following the transaction, the senior vice president now owns 50,215 shares in the company, valued at $7,257,071.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John B. Hess sold 73,885 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $145.87, for a total value of $10,777,604.95. Following the completion of the transaction, the chief executive officer now owns 138,718 shares in the company, valued at approximately $20,234,794.66. The disclosure for this sale can be found here. Insiders sold 155,798 shares of company stock valued at $22,811,166 over the last quarter. Company insiders own 9.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Veracity Capital LLC acquired a new position in shares of Hess in the first quarter worth about $208,000. First Trust Direct Indexing L.P. raised its stake in Hess by 35.6% during the first quarter. First Trust Direct Indexing L.P. now owns 6,165 shares of the oil and gas producer’s stock valued at $941,000 after buying an additional 1,620 shares in the last quarter. Norden Group LLC acquired a new stake in Hess during the first quarter valued at approximately $998,000. Farmers & Merchants Investments Inc. raised its stake in Hess by 10.3% during the first quarter. Farmers & Merchants Investments Inc. now owns 855 shares of the oil and gas producer’s stock valued at $131,000 after buying an additional 80 shares in the last quarter. Finally, Breakwater Capital Group raised its stake in Hess by 8.2% during the first quarter. Breakwater Capital Group now owns 1,629 shares of the oil and gas producer’s stock valued at $249,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

About Hess

(Get Free Report)

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.

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