Susquehanna Increases Hess (NYSE:HES) Price Target to $154.00

Hess (NYSE:HES) had its price objective increased by Susquehanna from $149.00 to $154.00 in a research note published on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the oil and gas producer’s stock.

HES has been the topic of several other reports. Wolfe Research raised shares of Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Monday, September 30th. Mizuho lowered their price target 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. Citigroup dropped their price target on Hess from $160.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company lowered their target price on Hess from $171.00 to $151.00 and set an “equal weight” rating for the company in a report on Friday, September 27th. Finally, Scotiabank increased their target price on Hess from $157.00 to $167.00 and gave the company a “sector perform” rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $164.00.

Hess Stock Up 0.1 %

NYSE HES opened at $139.60 on Friday. The business has a fifty day moving average price of $135.20 and a two-hundred day moving average price of $145.11. The stock has a market capitalization of $43.01 billion, a PE ratio of 21.38 and a beta of 1.15. Hess has a fifty-two week low of $123.79 and a fifty-two week high of $166.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 1.14.

Hess (NYSE:HES) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.14. Hess had a return on equity of 27.43% and a net margin of 21.22%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the company earned $0.65 EPS. Hess’s revenue for the quarter was up 40.3% on a year-over-year basis. Equities analysts expect that Hess will post 10.22 earnings per share for the current fiscal year.

Hess Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.50 dividend. This is a positive change from Hess’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Monday, September 16th. Hess’s payout ratio is currently 30.63%.

Institutional Trading of Hess

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its stake in shares of Hess by 1.4% in the 1st quarter. Manchester Capital Management LLC now owns 5,102 shares of the oil and gas producer’s stock valued at $779,000 after purchasing an additional 68 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in Hess by 1.6% in the second quarter. Drive Wealth Management LLC now owns 4,599 shares of the oil and gas producer’s stock valued at $678,000 after buying an additional 72 shares during the period. Quent Capital LLC boosted its position in Hess by 7.3% during the second quarter. Quent Capital LLC now owns 1,074 shares of the oil and gas producer’s stock valued at $158,000 after acquiring an additional 73 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Hess by 17.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 507 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 77 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Hess by 16.9% during the 2nd quarter. Versant Capital Management Inc now owns 540 shares of the oil and gas producer’s stock worth $80,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Hess Company Profile

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.