In last trading session, Hess Corporation (NYSE:HES) saw 2.71 million shares changing hands with its beta currently measuring 1.27. Company’s recent per share price level of $149.63 trading at $0.29 or 0.19% at ring of the bell on the day assigns it a market valuation of $45.96B. That closing price of HES’s stock is at a discount of -12.11% from its 52-week high price of $167.75 and is indicating a premium of 21.59% from its 52-week low price of $117.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.48 million shares which gives us an average trading volume of 2.80 million if we extend that period to 3-months.
Hess Corporation (NYSE:HES) trade information
Upright in the green during last session for gaining 0.19%, in the last five days HES remained trading in the red while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $149.63 price level, adding 1.64% to its value on the day. Hess Corporation’s shares saw a change of 3.79% in year-to-date performance and have moved -0.82% in past 5-day. Hess Corporation (NYSE:HES) showed a performance of -0.01% in past 30-days. Number of shares sold short was 6.41 million shares which calculate 2.09 days to cover the short interests.
Hess Corporation (HES) estimates and forecasts
Statistics highlight that Hess Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -0.86% of value to its shares in past 6 months, showing an annual growth rate of 47.33% while that of industry is 7.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 28.30% in the current quarter and calculating 147.70% increase in the next quarter. This year revenue growth is estimated to rise 12.60% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.87 billion for the same. And 5 analysts are in estimates of company making revenue of $2.98 billion in the next quarter that will end on Jun 2024. Company posted $2.45 billion and $2.32 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 17.00% while estimating it to be 28.60% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 46.90% while estimates for its earnings growth in next 5 years are of 7.95%.
HES Dividends
Hess Corporation is more likely to be releasing its next quarterly report between April 24 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Hess Corporation (NYSE:HES)’s Major holders
Insiders are in possession of 9.55% of company’s total shares while institution are holding 80.32 percent of that, with stock having share float percentage of 88.81%. Investors also watch the number of corporate investors in a company very closely, which is 80.32% institutions for Hess Corporation that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at HES for having 31.83 million shares of worth $4.76 billion. And as of Dec 30, 2023, it was holding 10.36% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 25.55 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 8.32% of outstanding shares, having a total worth of $3.82 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 8.67 million shares of worth $1.3 billion or 2.82% of the total outstanding shares. The later fund manager was in possession of 6.75 million shares on Dec 30, 2023, making its stake of worth around $1.01 billion in the company or a holder of 2.20% of company’s stock.
