Q4 EPS Estimates for Hess Increased by Capital One Financial

Hess Co. (NYSE:HES) – Equities researchers at Capital One Financial boosted their Q4 2024 EPS estimates for shares of Hess in a research report issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will earn $1.60 per share for the quarter, up from their prior forecast of $1.59. The consensus estimate for Hess’ current full-year earnings is $9.74 per share. Capital One Financial also issued estimates for Hess’ Q1 2025 earnings at $1.79 EPS, Q2 2025 earnings at $2.05 EPS, Q3 2025 earnings at $2.45 EPS, Q4 2025 earnings at $2.58 EPS and FY2025 earnings at $8.86 EPS.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets upped their price target on Hess from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Citigroup increased their price objective on Hess from $145.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company upgraded Hess from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $151.00 to $193.00 in a research report on Monday, December 9th. Susquehanna raised their price target on Hess from $149.00 to $154.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, UBS Group boosted their price objective on Hess from $173.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.50.

Hess Price Performance

Hess stock opened at $146.59 on Monday. The firm has a market capitalization of $45.17 billion, a P/E ratio of 17.09 and a beta of 1.18. Hess has a one year low of $123.79 and a one year high of $163.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.26 and a quick ratio of 1.13. The business has a fifty day moving average price of $140.21 and a 200-day moving average price of $139.41.

Hess (NYSE:HES) last posted its earnings results on Wednesday, October 30th. The oil and gas producer reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.26. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $2.96 billion. Hess had a net margin of 20.58% and a return on equity of 27.41%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $1.64 earnings per share.

Hess Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Monday, December 16th. Hess’s dividend payout ratio is presently 23.31%.

Insider Activity at Hess

In other news, CEO John B. Hess sold 92,894 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $147.80, for a total transaction of $13,729,733.20. Following the completion of the sale, the chief executive officer now owns 229,465 shares of the company’s stock, valued at $33,914,927. This represents a 28.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Geurt G. Schoonman sold 6,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $141.91, for a total transaction of $851,460.00. Following the sale, the senior vice president now directly owns 27,581 shares of the company’s stock, valued at approximately $3,914,019.71. The trade was a 17.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 314,370 shares of company stock valued at $45,856,309 in the last three months. Company insiders own 9.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in Hess by 58.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,753,126 shares of the oil and gas producer’s stock worth $509,675,000 after acquiring an additional 1,391,311 shares during the period. HBK Investments L P increased its stake in Hess by 16.7% in the 3rd quarter. HBK Investments L P now owns 7,117,820 shares of the oil and gas producer’s stock worth $966,600,000 after buying an additional 1,017,720 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Hess by 31.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,318,822 shares of the oil and gas producer’s stock valued at $450,696,000 after acquiring an additional 785,270 shares during the period. Hsbc Holdings PLC lifted its position in shares of Hess by 76.4% in the second quarter. Hsbc Holdings PLC now owns 1,532,132 shares of the oil and gas producer’s stock valued at $227,273,000 after acquiring an additional 663,338 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Hess by 64.3% in the second quarter. Bank of Montreal Can now owns 1,449,969 shares of the oil and gas producer’s stock worth $218,220,000 after acquiring an additional 567,550 shares during the period. Institutional investors own 88.51% of the company’s stock.

About Hess

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.