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Hess Corp Stock Research

HES

121.35USD-2.31(-1.87%)Market Closed

Market Summary

USD121.35-2.31
Market Closed
-1.87%

HES Alerts

HES Stock Price

HES RSI Chart

HES Valuation

Market Cap

37.3B

Price/Earnings (Trailing)

17.81

Price/Sales (Trailing)

3.23

EV/EBITDA

6.07

Price/Free Cashflow

9.46

HES Price/Sales (Trailing)

HES Profitability

EBT Margin

30.65%

Return on Equity

26.68%

Return on Assets

9.66%

Free Cashflow Yield

10.57%

HES Fundamentals

HES Revenue

Revenue (TTM)

11.6B

Revenue Y/Y

35.43%

Revenue Q/Q

-3.26%

HES Earnings

Earnings (TTM)

2.1B

Earnings Y/Y

87.55%

Earnings Q/Q

-3.5%

Price Action

52 Week Range

90.34160.52
(Low)(High)

Last 7 days

0.5%

Last 30 days

-10.7%

Last 90 days

-14.3%

Trailing 12 Months

14.6%

HES Financial Health

Current Ratio

1.64

Debt/Equity

1.17

Debt/Cashflow

0.34

HES Investor Care

Dividend Yield

1.24%

Dividend/Share (TTM)

1.5

Buy Backs (1Y)

0.16%

Diluted EPS (TTM)

6.77

Peers (Alternatives to Hess)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
424.7B
413.7B
-6.41% 28.69%
7.62
1.03
44.83% 141.93%
299.9B
246.3B
-3.60% -4.06%
8.46
1.22
51.57% 126.98%
122.0B
82.2B
-8.47% -4.15%
6.53
1.49
69.92% 131.22%
62.3B
180.0B
3.14% 60.68%
4.29
0.35
48.81% 49.07%
45.2B
175.7B
-5.80% 20.49%
4.1
0.26
52.98% 737.05%
14.4B
11.9B
-10.98% -15.74%
4.67
1.31
50.58% 232.96%
MID-CAP
5.4B
4.2B
-11.44% -15.06%
5.57
1.27
50.65% 1409.36%
5.1B
46.8B
-4.97% 88.30%
1.78
0.11
71.83% 1145.37%
3.1B
-
0.65% -11.32%
16.6
0.85
- -
3.0B
10.9B
-5.98% 64.95%
6.58
0.28
50.46% 1752.00%
1.9B
3.2B
-13.57% -47.89%
1.55
0.58
60.18% 231.32%
SMALL-CAP
1.8B
3.7B
-9.71% 0.33%
-14.04
0.49
29.56% -92.78%
1.4B
4.7B
-12.40% 29.96%
-8.22
0.29
48.88% 36.52%
377.1M
3.0M
-12.64% -64.90%
-3.85
123.92
327.99% -65.54%

Financials for Hess

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue7.4%11,57010,7719,4258,0357,583
Operating Expenses5.0%1,4521,3831,3181,2771,229
  S&GA Expenses32.8%531400367356340
Costs and Expenses6.5%8,0247,5316,7456,3026,093
EBITDA7.8%5,7425,3274,6453,689-
EBITDA Margin0.3%0.50*0.49*0.49*0.46*-
Earnings Before Taxes9.4%3,5463,2402,6801,7331,490
EBT Margin1.9%0.31*0.30*0.28*0.22*-
Interest Expenses0.6%493490490487481
Net Income12.4%2,0961,8641,464724559
Net Income Margin4.7%0.18*0.17*0.16*0.09*-
Free Cahsflow9.8%3,9443,5912,8672,143-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.2%21,69521,64321,18019,79820,515
  Current Assets-4.7%3,9314,1233,9693,2664,346
    Cash Equivalents4.3%2,4862,3842,1591,3702,713
  Inventory-21.9%217278317243223
  Net PPE0.0%15,09815,09214,81814,48914,182
  Goodwill0%360360360360360
Liabilities-1.9%13,19913,44913,42212,75013,489
  Current Liabilities3.6%2,3962,3122,3552,3033,064
    LT Debt, CurrentInfinity%3.00--22.00517
    LT Debt, Non Current-0.3%8,2788,3038,3327,9347,941
Shareholder's Equity3.9%7,8557,5597,7587,0486,300
  Retained Earnings8.9%1,4741,3541,075680379
  Additional Paid-In Capital-0.3%6,2066,2276,2366,0836,017
Accumulated Depreciation1.3%17,49417,26417,58417,29316,996
Shares Outstanding-0.7%308310309--
Minority Interest0.9%641635622740726
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations9.8%3,9443,5912,8672,1432,890
  Share Based Compensation1.2%83.0082.0082.0085.0077.00
Cashflow From Investing-5.7%-2,555-2,418-2,061-1,462-1,325
Cashflow From Financing-33.8%-1,616-1,208-1,077-1,177-591
  Buy Backs39.0%6304532530.00-

Risks for HES

What is the probability of a big loss on HES?

96.5%


Probability that Hess stock will be more than 20% underwater in next one year

46.5%


Probability that Hess stock will be more than 30% underwater in next one year.

35%


Probability that Hess stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HES drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hess was unfortunately bought at previous high price.

Drawdowns

Returns for HES

Cumulative Returns on HES

7.2%


10-Year Cumulative Returns

14.7%


7-Year Cumulative Returns

21.4%


5-Year Cumulative Returns

63.2%


3-Year Cumulative Returns

What are the long-term rolling returns for HES?

FIve years rolling returns for Hess.

Annualized Returns

Which funds bought or sold HES recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
225,025
225,025
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
13.4
18,024,600
55,925,600
0.06%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
new
-
420,071
420,071
0.03%
2023-03-06
Rockefeller Capital Management L.P.
added
20.98
423,000
1,162,000
0.01%
2023-03-03
TIAA, FSB
added
10.87
2,805,410
9,144,410
0.04%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
sold off
-100
-2,000
-
-%
2023-02-28
Voya Investment Management LLC
reduced
-1.07
19,041,000
85,309,000
0.12%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-23.00
369
379,369
-%
2023-02-24
NATIXIS
reduced
-96.1
-6,244,730
334,270
-%
2023-02-24
National Pension Service
reduced
-2.36
10,950,200
51,683,600
0.10%

1–10 of 43

Latest Funds Activity

Are funds buying HES calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own HES
No. of Funds

Hess News

Nasdaq

Energy Sector Update for 03/23/2023: OBE, HAL, HES, XLE, USO ....

Nasdaq,
12 hours ago

Seeking Alpha

Nasdaq

Simply Wall St

Investor's Business Daily

Is It Time To Buy XOM Stock After Its Recent Drop?.

Investor's Business Daily,
8 days ago

Schedule 13G FIlings of Hess

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
hess john b
9.59%
29,416,374
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
10.15%
31,304,916
SC 13G/A
Feb 06, 2023
state street corp
6.03%
18,604,614
SC 13G/A
Feb 03, 2023
blackrock inc.
8.1%
25,025,933
SC 13G/A
Mar 09, 2022
vanguard group inc
10.02%
31,027,546
SC 13G/A
Feb 14, 2022
dodge & cox
3.1%
9,672,701
SC 13G/A
Feb 14, 2022
hess john b
9.90%
30,536,233
SC 13G/A
Feb 11, 2022
state street corp
6.04%
18,717,925
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A

HES Fair Value

Hess fair value in different scenarios

The table shows the Fair Value estimates for Hess for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

26.61

-78.07%

31.06

-74.40%

46.52

-61.66%

61.80

-49.07%

76.19

-37.21%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Hess Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Hess

View All Filings
Date Filed Form Type Document
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading

Latest Insider Trading transactions for HES

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-07
Lynch Richard D.
acquired
919,471
67.2964
13,663
senior vice president
2023-03-07
RIELLY JOHN P
sold
-464,446
137
-3,380
evp and cfo
2023-03-07
Slentz Andrew P
sold
-212,711
137
-1,548
senior vice president
2023-03-07
Lowery-Yilmaz Barbara J
sold
-289,111
137
-2,104
senior vice president
2023-03-07
Lynch Richard D.
sold
-4,608,210
138
-33,191
senior vice president
2023-03-07
Schoonman Geurt G
sold
-251,185
137
-1,828
senior vice president
2023-03-07
Hill Gregory P.
sold
-841,361
137
-6,123
coo and president, e&p
2023-03-07
Goodell Timothy B.
sold
-484,645
137
-3,527
evp, gen. counsel & secretary
2023-03-07
Lynch Richard D.
gifted
-
-
-1,098
senior vice president
2023-03-06
MCMANUS DAVID
acquired
-
-
1,413
-

1–10 of 50

John B. Hess
1540
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. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.

HES Income Statement

2022-12-31
Statement of Consolidated Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues and Non-Operating Income   
Sales and other operating revenues$ 11,324$ 7,473$ 4,667
Gains on asset sales, net1012987
Other, net1458150
Total revenues and non-operating income11,5707,5834,804
Costs and Expenses   
Marketing, including purchased oil and gas3,3282,034936
Operating costs and expenses1,4521,2291,218
Production and severance taxes255172124
Exploration expenses, including dry holes and lease impairment208162351
General and administrative expenses531340357
Interest expense493481468
Depreciation, depletion and amortization1,7031,5282,074
Impairment and other541472,126
Total costs and expenses8,0246,0937,654
Income (Loss) Before Income Taxes3,5461,490(2,850)
Provision (benefit) for income taxes1,099600(11)
Net Income (Loss)2,447890(2,839)
Less: Net income (loss) attributable to noncontrolling interests351331254
Net Income (Loss) Attributable to Hess Corporation$ 2,096$ 559$ (3,093)
Net Income (Loss) Attributable to Hess Corporation Per Common Share:   
Basic (in dollars per share)$ 6.80$ 1.82$ (10.15)
Diluted (in dollars per share)$ 6.77$ 1.81$ (10.15)
Weighted Average Number of Common Shares Outstanding:   
Shares outstanding – Basic (in shares)308.1307.4304.8
Weighted Average Number of Common Shares Outstanding (Diluted) (in shares)309.6309.3304.8
Common Stock Dividends Per Share (in dollars per share)$ 1.50$ 1.00$ 1.00

HES Balance Sheet

2022-12-31
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:  
Cash and cash equivalents$ 2,486$ 2,713
Accounts receivable:  
From contracts with customers1,0411,062
Joint venture and other121149
Inventories217223
Other current assets66199
Total current assets3,9314,346
Property, plant and equipment:  
Total — at cost32,59231,178
Less: Reserves for depreciation, depletion, amortization and lease impairment17,49416,996
Property, Plant and Equipment — Net15,09814,182
Operating lease right-of-use assets — net570352
Finance lease right-of-use assets — net126144
Post-retirement benefit assets648409
Goodwill360360
Deferred income taxes13371
Other assets829651
Total Assets21,69520,515
Current Liabilities:  
Accounts payable285220
Accrued liabilities1,8401,710
Taxes payable47528
Current portion of long-term debt3517
Current portion of operating and finance lease obligations22189
Total current liabilities2,3963,064
Long-term debt8,2787,941
Long-term operating lease obligations469394
Long-term finance lease obligations179200
Deferred income taxes418383
Asset retirement obligations1,0341,005
Other liabilities and deferred credits425502
Total Liabilities13,19913,489
Hess Corporation stockholders’ equity:  
Common stock, par value $1.00; Authorized 600,000,000 shares. Issued 306,176,864 shares (2021: 309,744,953)306310
Capital in excess of par value6,2066,017
Retained earnings1,474379
Accumulated other comprehensive income (loss)(131)(406)
Total Hess Corporation stockholders’ equity7,8556,300
Noncontrolling interests641726
Total equity8,4967,026
Total Liabilities and Equity$ 21,695$ 20,515