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)
Exxon Mobil • Chevron • Conoco Phillips • Phillips 66 • Valero Energy • Marathon Petroleum • HF Sinclair • PBF Energy • CVR Energy • Delek US ...
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)
SD
Conflict minerals disclosure
24 May 23
8-K
Submission of Matters to a Vote of Security Holders
18 May 23
10-Q
2023 Q1
Quarterly report
4 May 23
8-K
Hess Reports Estimated Results for the First Quarter of 2023
26 Apr 23
ARS
2022 FY
Annual report to shareholders
6 Apr 23
DEFA14A
Additional proxy soliciting materials
6 Apr 23
DEF 14A
Definitive proxy
6 Apr 23
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
Transcripts
HES
Earnings call transcript
2023 Q1
26 Apr 23
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
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Cash on hand | |||||
| 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) | 2.10 bn | 2.10 bn | 2.10 bn | 2.10 bn | 2.10 bn | 2.10 bn |
| Cash burn (monthly) | 128.67 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 282.23 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 1.82 bn | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 14.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
82.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 694 |
| Opened positions | 83 |
| Closed positions | 76 |
| Increased positions | 260 |
| Reduced positions | 241 |
| 13F shares | Current |
|---|---|
| Total value | 33.58 tn |
| Total shares | 254.06 mm |
| Total puts | 1.95 mm |
| Total calls | 2.02 mm |
| Total put/call ratio | 1.0 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 40.24 mm | $5.33 tn |
| Vanguard | 31.64 mm | $4.19 tn |
| BLK Blackrock | 24.36 mm | $3.22 tn |
| STT State Street | 18.34 mm | $2.43 tn |
| Capital World Investors | 9.76 mm | $1.29 tn |
| T. Rowe Price | 8.57 mm | $1.13 tn |
| Massachusetts Financial Services | 8.37 mm | $1.11 tn |
| Primecap Management | 8.18 mm | $1.08 tn |
| Geode Capital Management | 5.73 mm | $756.39 bn |
| BK Bank Of New York Mellon | 5.69 mm | $753.04 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Jun 23 | James H. Quigley | Common Stock, $1.00 par value | Gift | Dispose G | Yes | No | 0 | 13,378 | 0.00 | 0 |
| 19 May 23 | Hess | Class A Shares | Sell | Dispose S | Yes | No | 26.12 | 6,382,500 | 166.71 mm | 0 |
| 19 May 23 | Hess | Class A Shares | Conversion | Acquire C | Yes | No | 0 | 6,382,500 | 0.00 | 6,382,500 |
| 19 May 23 | Hess | Class B Shares | Other | Dispose J | Yes | No | 0 | 6,382,500 | 0.00 | 89,731,676 |
| 19 May 23 | Hess | Opco Class B Units Class A Shares | Conversion | Dispose C | Yes | No | 0 | 6,382,500 | 0.00 | 89,731,676 |
| 10 May 23 | Coleman Leonard S JR | Common Stock, $1.00 par value | Gift | Dispose G | No | No | 0 | 2,845 | 0.00 | 17,331 |
| 30 Mar 23 | Hess | Class B Shares | Other | Dispose J | Yes | No | 0 | 1,809,627 | 0.00 | 96,114,176 |
| 30 Mar 23 | Hess | Opco Class B Units Class A Shares | Sale back to company | Dispose D | Yes | No | 27.63 | 1,809,627 | 50.00 mm | 96,114,176 |
| 29 Mar 23 | Hill Gregory P. | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 132.4 | 7,500 | 993.00 k | 116,346 |
News
$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today
25 May 23
Looking Into Hess's Recent Short Interest
22 May 23
Mizuho Maintains Neutral on Hess, Lowers Price Target to $168
19 May 23
Piper Sandler Maintains Overweight on Hess, Raises Price Target to $168
18 May 23
Hess Midstream LP Announces Secondary Public Offering Of 11.1M Class A Shares By Selling Shareholders
16 May 23
Press releases
Hess Announces Regular Quarterly Dividend On Common Stock
17 May 23
Hess Sanctions Uaru Development Offshore Guyana
27 Apr 23
Hess Reports Estimated Results for the First Quarter of 2023
26 Apr 23
Hess Schedules Earnings Release Conference Call
4 Apr 23
Hess Corporation Announces $50 Million Donation to Advance Salk Institute's Harnessing Plants Initiative
3 Apr 23