Dissecting Hess Corporation (NYSE: HES) top performing stock: Get the Stats

Hess Corporation (NYSE: HES) is 7.10% higher on its value in year-to-date trading and has touched a low of $26.06 and a high of $71.66 in the current 52-week trading range. The HES stock was last observed hovering at around $52.80 in the last trading session, with the day’s gains setting it 3.74% off its average median price target of $57.00 for the next 12 months. It is also 25.61% off the consensus price target high of $76.00 offered by 25 analysts, but current levels are -66.29% lower than the price target low of $34.00 for the same period.

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Currently trading at $56.54, the stock is 4.11% and 18.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 7.08% at the moment leaves the stock 23.56% off its SMA200. HES registered -20.21% loss for a year compared to 6-month gain of 16.91%. The firm has a 50-day simple moving average (SMA 50) of $52.18 and a 200-day simple moving average (SMA200) of $46.77.

The stock witnessed a 10.86% loss in the last 1 month and extending the period to 3 months gives it a 43.65%, and is 7.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.83% over the week and 4.18% over the month.

Hess Corporation (HES) has around 1775 employees, a market worth around $17.68B and $5.03B in sales. Profit margin for the company is -64.00%. Distance from 52-week low is 116.96% and -21.10% from its 52-week high. The company has generated returns on investments over the last 12 months (0.80%).

Hess Corporation (HES) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Hess Corporation (HES) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.20, where 9 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Hess Corporation is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at -$0.32 with sales reaching $1.25B over the same period.The EPS is expected to shrink by -24.40% this year, but quarterly earnings will post -28.00% year-over-year. Quarterly sales are estimated to shrink -26.30% in year-over-year returns.

Hess Corporation (HES) Top Institutional Holders

709 institutions hold shares in Hess Corporation (HES), with 33.18M shares held by insiders accounting for 10.88% while institutional investors hold 96.15% of the company’s shares. The shares outstanding are 305.00M, and float is at 273.67M with Short Float at 2.98%. Institutions hold 85.69% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 30.78 million shares valued at $1.26 billion. The investor’s holdings represent 10.02% of the HES Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 29.47 million shares valued at $1.21 billion to account for 9.60% of the shares outstanding. The other top investors are Blackrock Inc. which holds 20.79 million shares representing 6.77% and valued at over $850.73 million, while Dodge & Cox Inc holds 5.96% of the shares totaling 18.31 million with a market value of $749.46 million.

Hess Corporation (HES) Insider Activity

The most recent transaction is an insider sale by Hill Gregory P., the company’s COO and President, E&P. SEC filings show that Hill Gregory P. sold 9,945 shares of the company’s common stock on Nov 09 at a price of $42.57 per share for a total of $0.42 million. Following the sale, the insider now owns 98868.0 shares.

Hess Corporation disclosed in a document filed with the SEC on Aug 12 that Schoonman Geurt G (Senior Vice President) sold a total of 4,686 shares of the company’s common stock. The trade occurred on Aug 12 and was made at $54.08 per share for $0.25 million. Following the transaction, the insider now directly holds 37906.0 shares of the HES stock.

Still, SEC filings show that on Aug 04, Schoonman Geurt G (Senior Vice President) disposed off 12 shares at an average price of $50.31 for $604.0. The insider now directly holds 42,592 shares of Hess Corporation (HES).

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Hess Corporation (HES): Who are the competitors?

The company’s main competitors (and peers) include TOTAL SE (TOT) that is trading -23.06% down over the past 12 months. Exxon Mobil Corporation (XOM) is -38.62% down on the 1-year trading charts. Short interest in the company’s stock has fallen -1.23% from the last report on Nov 12, 2020 to stand at a total of 8.26 million short shares sold with a short interest ratio of 3.34.

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