Momentum Is Strong For Hess Corporation (NYSE: HES)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Hess Corporation is $47.89B. A total of 2.16 million shares were traded on the day, compared to an average of 2.18M shares.

In the most recent transaction, Schoonman Geurt G sold 13,921 shares of HES for 151.08 per share on Mar 20 ’24. After the transaction, the Senior Vice President now owns 33,581 company shares. In a previous transaction on Mar 19 ’24, Slentz Andrew P sold 20,254 shares at 151.08 per share. HES shares that Senior Vice President owns now total 43,788.

Among the insiders who sold shares, Hill Gregory P. disposed of 4,708 shares on Mar 07 ’24 at a per-share price of $144.52. This resulted in the COO and President, E&P holding 125,670 shares of HES after the transaction. In another insider transaction, Goodell Timothy B. sold 2,701 shares at $144.52 per share on Mar 07 ’24. Company shares held by the EVP, Gen Counsel & Secretary now total 162,144.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Hess Corporation pays an annual dividend of $1.75, resulting in a dividend yield of 1.13%, and it has a price to earnings (P/E) ratio of 23.83. HES’s most recent ex-dividend date was 6/14/2024 when it declared a $0.4375 quarterly dividend that was paid in cash on 6/28/2024. Previously, the company paid the dividend on 3/28/2024 with an ex-dividend date of 3/15/2024. The HES stock dividend was $0.4375 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, HES has a high of $167.75 and a low of $131.61.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HES’s latest balance sheet shows that the firm has $2.71B in Cash & Short Term Investments as of fiscal 2021. There were $9.14B in debt and $3.06B in liabilities at the time. Its Book Value Per Share was $32.03, while its Total Shareholder’s Equity was $7.03B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HES is Buy with a score of 3.63.

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