Is It Worthwhile For Investors To Follow These Insider Trades On Hess Corporation (HES)?


Hess Corporation (NYSE:HES) finished Friday with an addition of $0.96 to close at $141.82, an upside of 0.68 percent. An average of 928,560 shares of common stock have been traded in the last five days. There was a gain of $6.52 in the past week, and it reached a new high 47 times over the past 12 months. The last 20 days have seen an average of 1,469,430 shares traded, while the 50-day average volume stands at 1,880,406.

HES stock has decreased by -1.45% in the last month. The company shares reached their 1-month lowest point of $129.01 on 12/09/22. With the stock rallying to its 52-week high on 11/15/22, shares of the company touched a low of $73.41 and a high of $149.83 in 52 weeks. It has reached a new high 46 times so far this year and achieved 91.57% or $67.79 in price. In spite of this, the price is down -5.35% from the 52-week high.

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Insider Transactions

HES stock investors should be aware that Hess Corporation (HES) stock had its last reported insider trading activity 54 days ago on Nov 07. In this transaction, the insider spent $5,546,052. COO and President, E&P, Hill Gregory P., disposed of 53,851 shares at a price of $143.45 on Nov 01. The insider now owns more than $7,724,841 worth of shares. Prior to that, Senior Vice President Slentz Andrew P went on to Sale 12,420 shares at $120.99 each on Sep 02. An amount of $1,502,696 was transacted.

Valuation Metrics

Hess Corporation (HES) has a trailing price-to-earnings (P/E) ratio of 23.59. The stock’s beta is 1.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.93, the price-to-book (PB) ratio at 5.77, and the price-to-cash flow ratio at 14.18.

The company has a payout ratio of 22.80%. The company’s most recent quarterly dividend payment was $0.3750 a share, without any change from last year. Its latest increase dividend $0.1250 reported on Wednesday March 2 2022.

Financial Health

The quick ratio of Hess Corporation for the three months ended September 29 was 1.70, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.12 and a total debt to equity ratio of 1.12 for the quarter ending September 29. Its gross profit as reported stood at $1.97 billion compared to revenue of $7.58 billion.

Earnings Surprise

For the three-month period that ended September 29, Hess Corporation had $8.3 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $515.0 million in the quarter, while revenues were grew 77.67%. The analyst consensus anticipated Hess Corporation’s latest quarter earnings to come in at $1.87 per share, but it turned out to be $1.89, a 1.10% surprise. For the quarter, EBITDA amounted to $1.48 billion. Shareholders own equity worth $308.31 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hess Corporation (HES) price momentum. RSI 9-day as of the close on 30 December was 56.46%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.09%.

As of today, HES’s price is $141.28 +4.82% or $6.52 from its 5-day moving average. HES is currently trading -1.08% lower than its 20-day SMA and +33.06% higher than its 100-day SMA. However, the stock’s current price level is +9.94% above the SMA50 and +49.68% above the SMA200.

The stochastic %K and %D were 73.45% and 78.61%, respectively, and the average true range (ATR) was 4.69. With the 14-day stochastic at 81.43% and the average true range at 4.84, the RSI (14) stands at 54.28%. The stock has reached 1.37 on the 9-day MACD Oscillator while the 14-day reading was at 2.81.

Analyst Ratings

Jefferies launched coverage on Hess Corporation (NYSE: HES) in its analyst report released on October 19, 2022. The firm assigned the stock a Hold rating. The consensus rating for Hess Corporation (HES) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell HES, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 10 others rate it as a “buy”.

What is HES’s price target for the next 12 months?

Analysts predict a range of price targets between $122.00 and $175.00, with a median target of $155.00. Taking a look at these predictions, the average price target given by analysts for Hess Corporation (HES) stock is $149.71.


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