The Hess Corp.’s (HES) “Equal Weight” Rating Reiterated at Barclays PLC

The Hess Corp.’s (HES) “Equal Weight” Rating Reiterated at Barclays PLC

Barclays PLC reaffirmed their equal weight rating on shares of Hess Corp. (NYSE:HES) in a research note published on Monday. They currently have a $64.00 price target on the stock.

Other equities analysts have also issued research reports about the stock. KLR Group initiated coverage on shares of Hess Corp. in a research report on Monday, September 12th. They set an accumulate rating and a $65.00 price objective for the company. Bank of America Corp. restated a buy rating and issued a $85.00 target price on shares of Hess Corp. in a report on Monday, August 22nd. Zacks Investment Research upgraded shares of Hess Corp. from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Friday, July 29th. Credit Suisse Group AG restated a hold rating and issued a $66.00 target price on shares of Hess Corp. in a report on Thursday, July 28th. Finally, Nomura restated a hold rating and issued a $56.00 target price on shares of Hess Corp. in a report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $61.09.

Shares of Hess Corp. (NYSE:HES) opened at 51.96 on Monday. Hess Corp. has a 12-month low of $32.41 and a 12-month high of $64.08. The stock’s 50 day moving average is $51.24 and its 200-day moving average is $55.47. The company’s market capitalization is $16.27 billion.

Hess Corp. (NYSE:HES) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($1.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.24) by $0.14. Hess Corp. had a negative net margin of 56.22% and a negative return on equity of 7.16%. The business earned $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned ($0.52) earnings per share. Hess Corp.’s quarterly revenue was down 34.4% compared to the same quarter last year. Analysts anticipate that Hess Corp. will post ($4.87) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, September 15th. Hess Corp.’s dividend payout ratio (DPR) is presently -9.60%.

In related news, COO Gregory P. Hill sold 15,000 shares of Hess Corp. stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $55.99, for a total value of $839,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.83% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Bollard Group LLC boosted its stake in shares of Hess Corp. by 0.5% in the second quarter. Bollard Group LLC now owns 10,250 shares of the company’s stock valued at $616,000 after buying an additional 48 shares during the last quarter. River Wealth Advisors LLC boosted its stake in shares of Hess Corp. by 0.7% in the second quarter. River Wealth Advisors LLC now owns 7,179 shares of the company’s stock valued at $431,000 after buying an additional 53 shares during the last quarter. Ropes Wealth Advisors LLC boosted its stake in shares of Hess Corp. by 1.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,442 shares of the company’s stock valued at $207,000 after buying an additional 55 shares during the last quarter. Creative Planning boosted its stake in shares of Hess Corp. by 1.4% in the third quarter. Creative Planning now owns 9,747 shares of the company’s stock valued at $523,000 after buying an additional 132 shares during the last quarter. Finally, Conning Inc. boosted its stake in shares of Hess Corp. by 1.9% in the second quarter. Conning Inc. now owns 7,857 shares of the company’s stock valued at $472,000 after buying an additional 150 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.

About Hess Corp.

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