<div id="readability-page-1"><p><span>Hess (NYSE:HES - Get Free Report)</span> had its price objective dropped by analysts at Piper Sandler from $173.00 to $167.00 in a research report issued on Friday. Piper Sandler's price target would suggest a potential upside of 29.40% from the company's current price.</p><ul><li>Chevron Stock Dips as Earnings Miss Highlights Merger Uncertainty</li></ul><p>Several other equities research analysts also recently weighed in on HES. Wolfe Research initiated coverage on Hess in a report on Thursday, July 18th. They issued a &#34;peer perform&#34; rating for the company. Citigroup decreased their price objective on Hess from $160.00 to $145.00 and set a &#34;neutral&#34; rating for the company in a report on Thursday, September 5th. UBS Group decreased their price objective on Hess from $193.00 to $192.00 and set a &#34;buy&#34; rating for the company in a report on Tuesday, August 20th. Sanford C. Bernstein raised Hess from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and increased their price target for the stock from $166.00 to $172.00 in a report on Wednesday, July 17th. Finally, BMO Capital Markets downgraded Hess to an &#34;overweight&#34; rating and decreased their price target for the stock from $175.00 to $160.00 in a report on Monday, August 19th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Hess currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $174.00.</p><p><b>Check Out Our Latest Research Report on HES</b></p><h2>Hess Trading Up 1.1 %</h2><ul><li>Exxon Mobil or Chevron – Which One May Be a Gusher for Investors?</li></ul><p>NYSE HES traded up $1.42 during trading on Friday, hitting $129.06. The stock had a trading volume of 343,378 shares, compared to its average volume of 2,237,104. The company has a market capitalization of $39.76 billion, a PE ratio of 19.76 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average price of $140.08 and a 200 day moving average price of $147.64. Hess has a twelve month low of $123.79 and a twelve month high of $167.75. </p><p>Hess (NYSE:HES - Get Free Report) last released its earnings results on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.14. Hess had a net margin of 21.22% and a return on equity of 27.43%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business's quarterly revenue was up 40.3% compared to the same quarter last year. As a group, equities research analysts forecast that Hess will post 11.04 earnings per share for the current year. </p><h2>Institutional Trading of Hess</h2><ul><li>Occidental Stock: Buffett's 9-Day Buying Spree Lifts Stake to 29%</li></ul><p>Institutional investors and hedge funds have recently bought and sold shares of the stock. Manchester Capital Management LLC grew its position in Hess by 1.4% during the first quarter. Manchester Capital Management LLC now owns 5,102 shares of the oil and gas producer's stock worth $779,000 after buying an additional 68 shares in the last quarter. Drive Wealth Management LLC lifted its stake in Hess by 1.6% during the second quarter. Drive Wealth Management LLC now owns 4,599 shares of the oil and gas producer's stock worth $678,000 after purchasing an additional 72 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Hess by 7.3% in the 2nd quarter. Quent Capital LLC now owns 1,074 shares of the oil and gas producer's stock valued at $158,000 after acquiring an additional 73 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Hess by 17.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 507 shares of the oil and gas producer's stock valued at $77,000 after acquiring an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Hess by 16.9% during the 2nd quarter. Versant Capital Management Inc now owns 540 shares of the oil and gas producer's stock worth $80,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 88.51% of the company's stock. </p><h2>About Hess</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Hess</li><li>Biggest Stock Losers - Today’s Biggest Percentage Decliners</li><li>Powering Your Portfolio: The Utility Sector's Electrifying Surge</li><li>3 REITs to Buy and Hold for the Long Term</li><li>Adobe Stock Builds Long-Term Value: Consider Buying on the Dip</li><li>How to invest in marijuana stocks in 7 steps </li><li>Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhFUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhFUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ You won’t believe what this ex-Wall Street insider discovered about the election <span><span>(From Banyan Hill Publishing)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NTc1?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NTc1"/></p><h2>Should you invest $1,000 in Hess right now?</h2><p>Before you consider Hess, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hess wasn't on the list.</p><p>While Hess currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

<p>Piper Sandler has lowered its price target for Hess (NYSE:HES) from .00 to .00, suggesting a potential upside of 29.40% from the current price. Other analysts have also adjusted their ratings, with eight holding and six buying the stock. Hess recently reported earnings of .62 per share, exceeding estimates, and its quarterly revenue increased by 40.3% year-over-year. Institutional investors own 88.51% of Hess's stock, indicating strong institutional interest in the company.</p>

Hess (NYSE:HES) Given New $167.00 Price Target at Piper Sandler