Hess Corp. (NYSE:HES) CEO John B. Hess sold 142,109 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $65.11, for a total transaction of $9,252,716.99. Following the transaction, the chief executive officer now owns 1,562,015 shares of the company’s stock, valued at $101,702,796.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NYSE:HES traded down $0.95 during midday trading on Friday, hitting $64.04. The company had a trading volume of 4,074,163 shares, compared to its average volume of 3,384,794. Hess Corp. has a 52-week low of $35.59 and a 52-week high of $74.81. The stock’s fifty day moving average price is $61.22 and its 200-day moving average price is $61.02. The company has a market capitalization of $19.80 billion, a PE ratio of -86.54 and a beta of 1.98. The company has a quick ratio of 1.46, a current ratio of 1.58 and a debt-to-equity ratio of 0.68.

Hess (NYSE:HES) last announced its earnings results on Wednesday, July 31st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Hess had a net margin of 1.09% and a return on equity of 0.46%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned ($0.23) earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, research analysts forecast that Hess Corp. will post -0.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 1.56%. Hess’s dividend payout ratio (DPR) is presently -135.14%.

A number of research analysts have recently commented on the stock. Capital One Financial upgraded shares of Hess from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th. Morgan Stanley set a $69.00 price target on shares of Hess and gave the company a “buy” rating in a research report on Monday, June 24th. MKM Partners upgraded shares of Hess from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday, May 28th. Barclays assumed coverage on shares of Hess in a research report on Monday, August 19th. They set an “overweight” rating and a $93.00 price target for the company. Finally, Wells Fargo & Co restated a “buy” rating on shares of Hess in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.08.

A number of large investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in Hess by 66.0% in the first quarter. FMR LLC now owns 31,017,189 shares of the oil and gas producer’s stock worth $1,868,166,000 after purchasing an additional 12,335,629 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hess by 1.8% in the second quarter. Vanguard Group Inc. now owns 29,992,051 shares of the oil and gas producer’s stock worth $1,906,595,000 after purchasing an additional 520,350 shares during the last quarter. BlackRock Inc. lifted its stake in Hess by 0.5% in the second quarter. BlackRock Inc. now owns 17,524,583 shares of the oil and gas producer’s stock worth $1,114,037,000 after purchasing an additional 89,217 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Hess by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,447,455 shares of the oil and gas producer’s stock worth $600,575,000 after purchasing an additional 99,168 shares during the last quarter. Finally, Primecap Management Co. CA lifted its stake in Hess by 0.5% in the first quarter. Primecap Management Co. CA now owns 8,332,535 shares of the oil and gas producer’s stock worth $501,869,000 after purchasing an additional 39,500 shares during the last quarter. Institutional investors own 96.84% of the company’s stock.

About Hess

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

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