Hess Corp Stock Research

Market Summary

USD121.35-2.31

Market Closed

-1.87%

HES Alerts

7 major insider sales recently.
Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	424.7B	413.7B	-6.41%	28.69%	7.62	1.03	44.83%	141.93%
CVX	299.9B	246.3B	-3.60%	-4.06%	8.46	1.22	51.57%	126.98%
COP	122.0B	82.2B	-8.47%	-4.15%	6.53	1.49	69.92%	131.22%
MPC	62.3B	180.0B	3.14%	60.68%	4.29	0.35	48.81%	49.07%
PSX	45.2B	175.7B	-5.80%	20.49%	4.1	0.26	52.98%	737.05%
APA	14.4B	11.9B	-10.98%	-15.74%	4.67	1.31	50.58%	232.96%
MID-CAP
MUR	5.4B	4.2B	-11.44%	-15.06%	5.57	1.27	50.65%	1409.36%
PBF	5.1B	46.8B	-4.97%	88.30%	1.78	0.11	71.83%	1145.37%
REGI	3.1B	-	0.65%	-11.32%	16.6	0.85	-	-
CVI	3.0B	10.9B	-5.98%	64.95%	6.58	0.28	50.46%	1752.00%
CPE	1.9B	3.2B	-13.57%	-47.89%	1.55	0.58	60.18%	231.32%
SMALL-CAP
GPRE	1.8B	3.7B	-9.71%	0.33%	-14.04	0.49	29.56%	-92.78%
CLMT	1.4B	4.7B	-12.40%	29.96%	-8.22	0.29	48.88%	36.52%
GEVO	377.1M	3.0M	-12.64%	-64.90%	-3.85	123.92	327.99%	-65.54%

Financials for Hess

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	7.4%	11,570	10,771	9,425	8,035	7,583
Operating Expenses	5.0%	1,452	1,383	1,318	1,277	1,229
S&GA Expenses	32.8%	531	400	367	356	340
Costs and Expenses	6.5%	8,024	7,531	6,745	6,302	6,093
EBITDA	7.8%	5,742	5,327	4,645	3,689	-
EBITDA Margin	0.3%	0.50*	0.49*	0.49*	0.46*	-
Earnings Before Taxes	9.4%	3,546	3,240	2,680	1,733	1,490
EBT Margin	1.9%	0.31*	0.30*	0.28*	0.22*	-
Interest Expenses	0.6%	493	490	490	487	481
Net Income	12.4%	2,096	1,864	1,464	724	559
Net Income Margin	4.7%	0.18*	0.17*	0.16*	0.09*	-
Free Cahsflow	9.8%	3,944	3,591	2,867	2,143	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.2%	21,695	21,643	21,180	19,798	20,515
Current Assets	-4.7%	3,931	4,123	3,969	3,266	4,346
Cash Equivalents	4.3%	2,486	2,384	2,159	1,370	2,713
Inventory	-21.9%	217	278	317	243	223
Net PPE	0.0%	15,098	15,092	14,818	14,489	14,182
Goodwill	0%	360	360	360	360	360
Liabilities	-1.9%	13,199	13,449	13,422	12,750	13,489
Current Liabilities	3.6%	2,396	2,312	2,355	2,303	3,064
LT Debt, Current	Infinity%	3.00	-	-	22.00	517
LT Debt, Non Current	-0.3%	8,278	8,303	8,332	7,934	7,941
Shareholder's Equity	3.9%	7,855	7,559	7,758	7,048	6,300
Retained Earnings	8.9%	1,474	1,354	1,075	680	379
Additional Paid-In Capital	-0.3%	6,206	6,227	6,236	6,083	6,017
Accumulated Depreciation	1.3%	17,494	17,264	17,584	17,293	16,996
Shares Outstanding	-0.7%	308	310	309	-	-
Minority Interest	0.9%	641	635	622	740	726

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	9.8%	3,944	3,591	2,867	2,143	2,890
Share Based Compensation	1.2%	83.00	82.00	82.00	85.00	77.00
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 Backs	39.0%	630	453	253	0.00	-

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 ascending	Fund Name	Type	% 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%

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

Schedule 13G FIlings of Hess

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	-

About Hess

John B. Hess

www.hess.com

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, net	101	29	87
Other, net	145	81	50
Total revenues and non-operating income	11,570	7,583	4,804
Costs and Expenses
Marketing, including purchased oil and gas	3,328	2,034	936
Operating costs and expenses	1,452	1,229	1,218
Production and severance taxes	255	172	124
Exploration expenses, including dry holes and lease impairment	208	162	351
General and administrative expenses	531	340	357
Interest expense	493	481	468
Depreciation, depletion and amortization	1,703	1,528	2,074
Impairment and other	54	147	2,126
Total costs and expenses	8,024	6,093	7,654
Income (Loss) Before Income Taxes	3,546	1,490	(2,850)
Provision (benefit) for income taxes	1,099	600	(11)
Net Income (Loss)	2,447	890	(2,839)
Less: Net income (loss) attributable to noncontrolling interests	351	331	254
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)	308.1	307.4	304.8
Weighted Average Number of Common Shares Outstanding (Diluted) (in shares)	309.6	309.3	304.8
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 customers	1,041	1,062
Joint venture and other	121	149
Inventories	217	223
Other current assets	66	199
Total current assets	3,931	4,346
Property, plant and equipment:
Total — at cost	32,592	31,178
Less: Reserves for depreciation, depletion, amortization and lease impairment	17,494	16,996
Property, Plant and Equipment — Net	15,098	14,182
Operating lease right-of-use assets — net	570	352
Finance lease right-of-use assets — net	126	144
Post-retirement benefit assets	648	409
Goodwill	360	360
Deferred income taxes	133	71
Other assets	829	651
Total Assets	21,695	20,515
Current Liabilities:
Accounts payable	285	220
Accrued liabilities	1,840	1,710
Taxes payable	47	528
Current portion of long-term debt	3	517
Current portion of operating and finance lease obligations	221	89
Total current liabilities	2,396	3,064
Long-term debt	8,278	7,941
Long-term operating lease obligations	469	394
Long-term finance lease obligations	179	200
Deferred income taxes	418	383
Asset retirement obligations	1,034	1,005
Other liabilities and deferred credits	425	502
Total Liabilities	13,199	13,489
Hess Corporation stockholders’ equity:
Common stock, par value $1.00; Authorized 600,000,000 shares. Issued 306,176,864 shares (2021: 309,744,953)	306	310
Capital in excess of par value	6,206	6,017
Retained earnings	1,474	379
Accumulated other comprehensive income (loss)	(131)	(406)
Total Hess Corporation stockholders’ equity	7,855	6,300
Noncontrolling interests	641	726
Total equity	8,496	7,026
Total Liabilities and Equity	$ 21,695	$ 20,515