Hess Corporation (NYSE: HES) is 0.40% higher on its value in year-to-date trading and has touched a low of $123.79 and a high of $163.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HES stock was last observed hovering at around $143.96 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $144.73, the stock is -0.42% and 2.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 0.53% at the moment leaves the stock -0.40% off its SMA200. HES registered 4.58% gain for a year compared to 6-month loss of -2.20%. The firm has a 50-day simple moving average (SMA 50) of $140.665 and a 200-day simple moving average (SMA200) of $145.3236.
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The stock witnessed a 3.86% gain in the last 1 month and extending the period to 3 months gives it a 14.59%, and is -1.38% down 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 1.91% over the week and 1.74% over the month.
Hess Corporation (HES) has around 1756 employees, a market worth around $44.59B and $12.77B in sales. Current P/E ratio is 16.89 and Fwd P/E is 17.79. Profit margin for the company is 20.68%. Distance from 52-week low is 16.92% and -11.74% from its 52-week high. The company has generated returns on investments over the last 12 months (13.21%).
Hess Corporation quarterly earnings per share for the current quarter are estimated at 1.57 with sales reaching $3.02B over the same period.The EPS is expected to grow by 90.46% this year, but quarterly earnings will post 20.64% year-over-year. Quarterly sales are estimated to shrink -0.35% in year-over-year returns.
1112.0 institutions hold shares in Hess Corporation (HES), with institutional investors hold 88.88% of the company’s shares. The shares outstanding are 308.12M, and float is at 281.04M with Short Float at 1.74%. Institutions hold 80.48% 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 HESS JOHN B, the company’s Chief Executive Officer. SEC filings show that HESS JOHN B sold 125,000 shares of the company’s common stock on Nov 21 ’24 at a price of $148.31 per share for a total of $18.54 million. Following the sale, the insider now owns 92894.0 shares.
Hess Corporation disclosed in a document filed with the SEC on Nov 20 ’24 that HESS JOHN B (Chief Executive Officer) sold a total of 125,000 shares of the company’s common stock. The trade occurred on Nov 20 ’24 and was made at $147.08 per share for $18.38 million. Following the transaction, the insider now directly holds 0.22 million shares of the HES stock.
Still, SEC filings show that on Nov 22 ’24, HESS JOHN B (Chief Executive Officer) disposed off 92,894 shares at an average price of $147.80 for $13.73 million. The insider now directly holds 0 shares of Hess Corporation (HES).
