Capital One Financial Reduces Earnings Estimates for Hess

Hess Co. (NYSE:HES) – Capital One Financial dropped their FY2026 earnings estimates for Hess in a report released on Wednesday, January 8th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will earn $8.78 per share 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 issued its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $2.14 EPS for the quarter, beating the consensus estimate of $1.88 by $0.26. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $2.96 billion. Hess had a net margin of 20.58% and a return on equity of 27.41%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share.

Other equities analysts have also recently issued research reports about the stock. StockNews.com began coverage on shares of Hess in a research report on Sunday, January 5th. They set a “hold” rating on the stock. UBS Group boosted their price target on shares of Hess from $173.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Mizuho reduced their price target 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. Wolfe Research upgraded shares of Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Monday, September 30th. Finally, Susquehanna boosted their price target on shares of Hess from $149.00 to $154.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.50.

Hess Stock Performance

Shares of NYSE:HES opened at $139.59 on Friday. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 16.27 and a beta of 1.18. The company has a 50-day moving average price of $139.85 and a 200-day moving average price of $139.62. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. Hess has a 12 month low of $123.79 and a 12 month high of $163.98.

Hess Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Geurt G. Schoonman sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $141.91, for a total transaction of $851,460.00. Following the sale, the senior vice president now owns 27,581 shares in the company, valued at $3,914,019.71. This represents a 17.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John B. Hess sold 125,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $147.08, for a total transaction of $18,385,000.00. Following the sale, the chief executive officer now owns 217,894 shares in the company, valued at approximately $32,047,849.52. The trade was a 36.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 314,370 shares of company stock worth $45,856,309. 9.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Groupama Asset Managment lifted its position in Hess by 22.7% during the third quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 4,186 shares during the period. Covestor Ltd lifted its position in Hess by 59.8% during the third quarter. Covestor Ltd now owns 262 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 98 shares during the period. FSA Wealth Management LLC bought a new position in Hess during the third quarter valued at approximately $37,000. Eastern Bank bought a new position in Hess during the third quarter valued at approximately $48,000. Finally, LRI Investments LLC lifted its position in Hess by 157.2% during the third quarter. LRI Investments LLC now owns 355 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 217 shares during the period. Institutional investors own 88.51% of the company’s stock.

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.