Hess Corporation (NYSE: HES) is -9.34% lower 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 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 $130.56 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $130.69, the stock is -5.78% and -6.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 0.10% at the moment leaves the stock -9.58% off its SMA200. HES registered -12.07% loss for a year compared to 6-month loss of -11.42%. The firm has a 50-day simple moving average (SMA 50) of $140.3294 and a 200-day simple moving average (SMA200) of $144.6146.
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The stock witnessed a -10.10% gain in the last 1 month and extending the period to 3 months gives it a 0.02%, and is 0.76% 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 2.02% over the week and 2.15% over the month.
Hess Corporation (HES) has around 1756 employees, a market worth around $40.27B and $12.77B in sales. Current P/E ratio is 15.25 and Fwd P/E is 16.45. Profit margin for the company is 20.68%. Distance from 52-week low is 5.57% and -20.30% from its 52-week high. The company has generated returns on investments over the last 12 months (13.21%).
The EPS is expected to grow by 90.62% this year
1116.0 institutions hold shares in Hess Corporation (HES), with institutional investors hold 88.94% of the company’s shares. The shares outstanding are 308.12M, and float is at 281.04M with Short Float at 1.84%. Institutions hold 80.53% 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).
