Brokerages Set Hess Co. (NYSE:HES) Price Target at $126.67

Shares of Hess Co. (NYSE:HESGet Rating) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $127.27.

HES has been the subject of several research analyst reports. Raymond James upped their price target on Hess from $112.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, April 25th. Morgan Stanley increased their target price on Hess from $137.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, June 6th. Susquehanna Bancshares increased their target price on Hess from $118.00 to $138.00 and gave the company a “positive” rating in a research note on Monday, April 25th. Barclays increased their target price on Hess from $131.00 to $153.00 and gave the company an “overweight” rating in a research note on Tuesday, June 14th. Finally, StockNews.com began coverage on Hess in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

In other news, COO Gregory P. Hill sold 13,771 shares of the stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $106.23, for a total transaction of $1,462,893.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Barbara J. Lowery-Yilmaz sold 36,260 shares of the stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $128.29, for a total value of $4,651,795.40. Following the sale, the senior vice president now owns 95,624 shares in the company, valued at $12,267,602.96. The disclosure for this sale can be found here. Company insiders own 9.93% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. City State Bank acquired a new stake in shares of Hess during the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new stake in shares of Hess during the 1st quarter worth approximately $25,000. HM Payson & Co. raised its position in shares of Hess by 880.0% during the 1st quarter. HM Payson & Co. now owns 245 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 220 shares during the period. Moors & Cabot Inc. acquired a new stake in shares of Hess during the 3rd quarter worth approximately $27,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Hess in the 1st quarter valued at approximately $28,000. Institutional investors and hedge funds own 82.51% of the company’s stock.

Shares of NYSE:HES opened at $103.34 on Friday. The firm has a market capitalization of $32.17 billion, a PE ratio of 44.54 and a beta of 1.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.42 and a quick ratio of 1.31. The business has a 50-day moving average of $114.50 and a two-hundred day moving average of $99.95. Hess has a 12 month low of $61.93 and a 12 month high of $131.43.

Hess (NYSE:HESGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The oil and gas producer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.12 by $0.18. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.05 billion. Hess had a return on equity of 12.35% and a net margin of 9.01%. The firm’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, research analysts anticipate that Hess will post 8.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Tuesday, June 14th. Hess’s dividend payout ratio is presently 64.66%.

About Hess (Get Rating)

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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Analyst Recommendations for Hess (NYSE:HES)

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