Capital One Financial Reduces Earnings Estimates for Hess

Hess Co. (NYSE:HES) – Stock analysts at Capital One Financial cut their FY2026 EPS estimates for Hess in a report released on Wednesday, January 8th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings per share of $8.78 for the year, down from their previous estimate of $8.84. The consensus estimate for Hess’ current full-year earnings is $9.74 per share.

Hess (NYSE:HES) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.26. Hess had a net margin of 20.58% and a return on equity of 27.41%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the firm earned $1.64 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis.

Several other analysts also recently commented on HES. Wolfe Research upgraded shares of Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Monday, September 30th. Wells Fargo & Company upgraded shares of Hess from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $151.00 to $193.00 in a research report on Monday, December 9th. StockNews.com initiated coverage on shares of Hess in a research report on Sunday, January 5th. They set a “hold” rating on the stock. Mizuho decreased their price objective on shares of Hess from $210.00 to $194.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, Piper Sandler cut their target price on shares of Hess from $173.00 to $167.00 in a research note on Friday, September 13th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.50.

Hess Stock Up 0.7 %

Shares of HES stock opened at $139.59 on Friday. The company has a market capitalization of $43.01 billion, a price-to-earnings ratio of 16.27 and a beta of 1.18. Hess has a one year low of $123.79 and a one year high of $163.98. The company’s fifty day moving average price is $139.85 and its 200-day moving average price is $139.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.26 and a quick ratio of 1.13.

Institutional Investors Weigh In On Hess

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Hess in the 2nd quarter worth about $6,054,000. Franklin Resources Inc. lifted its holdings in Hess by 20.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,213,574 shares of the oil and gas producer’s stock valued at $169,767,000 after buying an additional 208,996 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Hess during the 3rd quarter valued at about $1,052,000. Mizuho Securities USA LLC lifted its holdings in Hess by 295.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 84,277 shares of the oil and gas producer’s stock valued at $11,445,000 after buying an additional 62,966 shares in the last quarter. Finally, LMR Partners LLP lifted its holdings in Hess by 13.8% during the 3rd quarter. LMR Partners LLP now owns 253,589 shares of the oil and gas producer’s stock valued at $34,437,000 after buying an additional 30,675 shares in the last quarter. Institutional investors own 88.51% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John B. Hess sold 90,476 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $142.47, for a total value of $12,890,115.72. Following the completion of the sale, the chief executive officer now owns 223,147 shares in the company, valued at approximately $31,791,753.09. This trade represents a 28.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Geurt G. Schoonman sold 6,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $141.91, for a total transaction of $851,460.00. Following the completion of the sale, the senior vice president now owns 27,581 shares of the company’s stock, valued at $3,914,019.71. This trade represents a 17.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 314,370 shares of company stock valued at $45,856,309 in the last three months. Corporate insiders own 9.76% of the company’s stock.

Hess Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.43%. Hess’s payout ratio is currently 23.31%.

Hess Company Profile

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.