Michael R. Turner Sells 1,914 Shares of Hess Corp. (HES) Stock

Hess Corp. (NYSE:HES) insider Michael R. Turner sold 1,914 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $44.43, for a total value of $85,039.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hess Corp. (NYSE:HES) traded down $0.88 on Friday, hitting $42.12. The stock had a trading volume of 6,916,578 shares, compared to its average volume of 4,710,764. The firm has a market cap of $14,016.13, a price-to-earnings ratio of -3.21 and a beta of 1.58. Hess Corp. has a 12 month low of $37.25 and a 12 month high of $55.48. The company has a current ratio of 2.53, a quick ratio of 1.68 and a debt-to-equity ratio of 0.52.

Hess (NYSE:HES) last released its earnings results on Monday, February 5th. The oil and gas producer reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.10). The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. Hess had a negative return on equity of 9.82% and a negative net margin of 74.55%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company posted ($1.01) earnings per share. equities analysts anticipate that Hess Corp. will post -2.52 EPS for the current year.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Hess from a “neutral” rating to an “underweight” rating and set a $44.00 price objective for the company. in a research report on Friday, December 15th. BMO Capital Markets decreased their price objective on Hess from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Tuesday. Barclays reiterated a “hold” rating and issued a $49.00 price objective on shares of Hess in a research report on Monday, January 8th. Morgan Stanley boosted their price objective on Hess from $43.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded Hess from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, November 9th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $52.28.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HES. Tower Research Capital LLC TRC grew its holdings in shares of Hess by 453.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,651 shares of the oil and gas producer’s stock worth $126,000 after purchasing an additional 2,172 shares in the last quarter. Legacy Advisors LLC acquired a new stake in shares of Hess during the 3rd quarter worth $134,000. NuWave Investment Management LLC acquired a new stake in shares of Hess during the 4th quarter worth $141,000. Advisor Group Inc. grew its holdings in shares of Hess by 9.7% during the 2nd quarter. Advisor Group Inc. now owns 4,107 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 362 shares in the last quarter. Finally, Exane Derivatives grew its holdings in shares of Hess by 65.2% during the 4th quarter. Exane Derivatives now owns 3,536 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 1,395 shares in the last quarter. 89.85% of the stock is currently owned by institutional investors.

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About Hess

Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

Insider Buying and Selling by Quarter for Hess (NYSE:HES)

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