Q4 EPS Estimates for Hess Increased by Capital One Financial

Hess Co. (NYSE:HES) – Investment analysts at Capital One Financial boosted their Q4 2024 EPS estimates for Hess in a report issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now expects 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.

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

HES has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on shares of Hess from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Wolfe Research upgraded Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Monday, September 30th. Citigroup boosted their price target on Hess from $145.00 to $163.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Mizuho dropped their price objective on shares of Hess from $210.00 to $194.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Susquehanna boosted their target price on shares of Hess from $149.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Hess has an average rating of “Moderate Buy” and a consensus target price of $170.50.

Hess Stock Performance

Hess stock opened at $142.52 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 0.75. The stock has a market cap of $43.91 billion, a PE ratio of 16.61 and a beta of 1.18. Hess has a 12-month low of $123.79 and a 12-month high of $163.98. The business’s 50-day moving average price is $139.95 and its two-hundred day moving average price is $139.44.

Institutional Trading of Hess

A number of institutional investors and hedge funds have recently modified their holdings of HES. Groupama Asset Managment boosted its holdings in shares of Hess by 22.7% in the 3rd quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 4,186 shares during the last quarter. Covestor Ltd boosted its stake in Hess by 59.8% in the third quarter. Covestor Ltd now owns 262 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 98 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Hess during the 3rd quarter valued at approximately $37,000. Eastern Bank purchased a new stake in shares of Hess during the 3rd quarter worth approximately $48,000. Finally, LRI Investments LLC lifted its stake in Hess by 157.2% in the third quarter. LRI Investments LLC now owns 355 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 217 shares during the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO John B. Hess sold 90,476 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $142.47, for a total value of $12,890,115.72. Following the completion of the sale, the chief executive officer now owns 223,147 shares in the company, valued at $31,791,753.09. This represents a 28.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Geurt G. Schoonman sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $141.91, for a total transaction of $851,460.00. Following the transaction, the senior vice president now owns 27,581 shares in the company, valued at approximately $3,914,019.71. This trade represents a 17.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 314,370 shares of company stock valued at $45,856,309 over the last ninety days. 9.76% of the stock is owned by corporate insiders.

Hess Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. Hess’s payout ratio is presently 23.31%.

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.