Hess Corporation (NYSE: HES) is -2.65% lower on its value in year-to-date trading and has touched a low of $123.79 and a high of $167.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HES stock was last observed hovering at around $140.87 in the last trading session, with the day’s loss setting it -0.53%.
Currently trading at $140.34, the stock is 6.05% and 3.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -0.38% at the moment leaves the stock -3.73% off its SMA200. HES registered -2.04% loss for a year compared to 6-month loss of -10.87%. The firm has a 50-day simple moving average (SMA 50) of $135.5298 and a 200-day simple moving average (SMA200) of $145.751.
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The stock witnessed a 8.77% gain in the last 1 month and extending the period to 3 months gives it a -4.29%, and is 5.04% 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 2.68% over the week and 2.34% over the month.
Hess Corporation (HES) has around 1756 employees, a market worth around $43.24B and $12.43B in sales. Current P/E ratio is 16.33 and Fwd P/E is 14.65. Profit margin for the company is 21.29%. Distance from 52-week low is 13.37% and -16.34% from its 52-week high. The company has generated returns on investments over the last 12 months (13.43%).
with sales reaching $2.93B over the same period.The EPS is expected to grow by 99.15% this year, but quarterly earnings will post 13.80% year-over-year. Quarterly sales are estimated to grow 25.20% in year-over-year returns.
Hess Corporation (HES) Top Institutional Holders
1113.0 institutions hold shares in Hess Corporation (HES), with institutional investors hold 89.28% of the company’s shares. The shares outstanding are 307.16M, and float is at 278.76M with Short Float at 1.79%. Institutions hold 80.82% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 33.81 million shares valued at $4.99 billion. The investor’s holdings represent 11.0362% of the HES Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.16 million shares valued at $3.71 billion to account for 8.2114 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.87 million shares representing 5.8332% and valued at over $2.64 billion, while ADAGE CAPITAL PARTNERS GP, L.L.C. holds 2.8193 of the shares totaling 8.64 million with a market value of $1.27 billion.
Hess Corporation (HES) Insider Activity
The most recent transaction is an insider sale by Schoonman Geurt G, the company’s Senior Vice President. SEC filings show that Schoonman Geurt G sold 13,921 shares of the company’s common stock on Mar 20 ’24 at a price of $151.08 per share for a total of $2.1 million. Following the sale, the insider now owns 33581.0 shares.
Hess Corporation disclosed in a document filed with the SEC on Mar 19 ’24 that Slentz Andrew P (Senior Vice President) sold a total of 20,254 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $151.08 per share for $3.06 million. Following the transaction, the insider now directly holds 43788.0 shares of the HES stock.
Still, SEC filings show that on Mar 07 ’24, Goodell Timothy B. (EVP, Gen Counsel & Secretary) disposed off 2,701 shares at an average price of $144.52 for $0.39 million. The insider now directly holds 162,144 shares of Hess Corporation (HES).
