Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. he company is also involved in gathering, compressing, and processing natural gas.
Company profile
Ticker
HES
Exchange
Website
CEO
John Hess
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AMERADA HESS CORP
SEC CIK
Corporate docs
Subsidiaries
Hess Asia Holdings Inc. • Hess Bakken Investments II, LLC • Hess Bakken Investments III, LLC • Hess Bakken Investments IV, LLC • Hess Bakken Processing LLC • Hess Baldpate-Penn State LLC • Hess Canada • Hess Canada Exploration Limited • Hess Capital Limited • Hess Capital Services Holdings, LLC ...
IRS number
134921002
HES stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
1 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Hess Reports Estimated Results for the Fourth Quarter of 2022
25 Jan 23
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
Hess Reports Estimated Results for the Third Quarter of 2022
26 Oct 22
10-Q
2022 Q2
Quarterly report
4 Aug 22
8-K
Hess Reports Estimated Results for the Second Quarter of 2022
27 Jul 22
8-K
Entry into a Material Definitive Agreement
15 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
27 May 22
SD
Conflict minerals disclosure
27 May 22
Transcripts
HES
Earnings call transcript
2022 Q4
25 Jan 23
HES
Earnings call transcript
2022 Q2
27 Jul 22
HES
Earnings call transcript
2022 Q1
27 Apr 22
HES
Earnings call transcript
2021 Q4
26 Jan 22
HES
Earnings call transcript
2021 Q3
27 Oct 21
HES
Earnings call transcript
2021 Q2
28 Jul 21
HES
Earnings call transcript
2021 Q1
28 Apr 21
HES
Earnings call transcript
2020 Q4
27 Jan 21
HES
Earnings call transcript
2020 Q3
28 Oct 20
HES
Earnings call transcript
2020 Q2
29 Jul 20
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 2.49 bn | 2.49 bn | 2.49 bn | 2.49 bn | 2.49 bn | 2.49 bn |
| Cash burn (monthly) | (no burn) | 18.92 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 57.10 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 2.43 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 128.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
84.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 685 |
| Opened positions | 118 |
| Closed positions | 49 |
| Increased positions | 220 |
| Reduced positions | 244 |
| 13F shares | Current |
|---|---|
| Total value | 36.85 tn |
| Total shares | 259.91 mm |
| Total puts | 2.95 mm |
| Total calls | 2.50 mm |
| Total put/call ratio | 1.2 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 44.41 mm | $6.30 tn |
| Vanguard | 31.30 mm | $4.44 tn |
| BLK Blackrock | 25.03 mm | $3.55 tn |
| STT State Street | 18.57 mm | $2.63 tn |
| Capital World Investors | 9.74 mm | $1.38 tn |
| T. Rowe Price | 9.48 mm | $1.35 tn |
| Primecap Management | 8.43 mm | $1.20 tn |
| Massachusetts Financial Services | 8.00 mm | $1.13 tn |
| Geode Capital Management | 5.63 mm | $800.83 bn |
| Barrow Hanley Mewhinney & Strauss | 5.45 mm | $772.84 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Mar 23 | Karyn F. Ovelmen | Common Stock, $1.00 par value | Grant | Acquire A | No | No | 0 | 1,413 | 0.00 | 6,232 |
| 6 Mar 23 | Terrence J. Checki | Common Stock, $1.00 par value | Grant | Acquire A | No | No | 0 | 1,413 | 0.00 | 28,951.934 |
| 6 Mar 23 | Kevin Omar Meyers | Common Stock, $1.00 par value | Grant | Acquire A | No | No | 0 | 1,413 | 0.00 | 35,804 |
| 6 Mar 23 | William G. Schrader | Common Stock, $1.00 par value | Grant | Acquire A | Yes | No | 0 | 1,413 | 0.00 | 31,181 |
| 6 Mar 23 | Lipschultz Marc S | Common Stock, $1.00 par value | Grant | Acquire A | No | No | 0 | 1,413 | 0.00 | 19,327 |
News
Regeneron Pharmaceuticals, Hess And 1 Of World's Biggest Bank: CNBC's 'Final Trades'
28 Mar 23
Analyst Expectations for Hess's Future
27 Mar 23
Morgan Stanley Maintains Overweight on Hess, Raises Price Target to $139
27 Mar 23
Goldman Sachs Maintains Neutral on Hess, Lowers Price Target to $134
24 Mar 23
Hess Selects Halliburton Well Construction Suite To Implement Digital Wells
22 Mar 23
Press releases
Hess Selects Halliburton Well Construction Suite to Implement Digital Wells
22 Mar 23
Hess to Participate in 51st Annual Scotia Howard Weil Energy Conference
2 Mar 23
Hess Announces Increased Regular Quarterly Dividend On Common Stock
1 Mar 23
Hess Recognized for Sustainability Performance
7 Feb 23
Hess Reports Estimated Results for the Fourth Quarter of 2022
25 Jan 23