Hess Corp. Announces Quarterly Dividend of $0.25 (HES)
Hess Corp. (NYSE:HES) announced a quarterly dividend on Wednesday, September 3rd, Analyst RN reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.25 per share on Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%.
HES has been the subject of a number of recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Hess Corp. from $100.00 to $105.00 in a research note on Thursday, July 31st. They now have a “neutral” rating on the stock. On a related note, analysts at Credit Suisse raised their price target on shares of Hess Corp. from $110.00 to $120.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Hess Corp. from $112.00 to $118.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $99.69.
Hess Corp. (NYSE:HES) traded up 0.22% during mid-day trading on Wednesday, hitting $100.75. 1,532,593 shares of the company’s stock traded hands. Hess Corp. has a 52 week low of $73.36 and a 52 week high of $104.50. The stock has a 50-day moving average of $99.4 and a 200-day moving average of $91.14. The company has a market cap of $31.202 billion and a P/E ratio of 9.02.
Hess Corp. (NYSE:HES) last announced its earnings results on Wednesday, July 30th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.20. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the company posted $1.51 earnings per share. Hess Corp.’s revenue was down 7.3% compared to the same quarter last year. On average, analysts predict that Hess Corp. will post $5.24 earnings per share for the current fiscal year.
Hess Corporation (NYSE:HES) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R).
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