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
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
Latest filings (excl ownership)
425
Business combination disclosure
22 Mar 24
425
Business combination disclosure
22 Mar 24
8-K
Departure of Directors or Certain Officers
8 Mar 24
425
Business combination disclosure
7 Mar 24
425
Business combination disclosure
27 Feb 24
425
Business combination disclosure
26 Feb 24
8-K
Other Events
26 Feb 24
S-3ASR
Automatic shelf registration
26 Feb 24
10-K
2023 FY
Annual report
26 Feb 24
425
Business combination disclosure
2 Feb 24
Transcripts
HES
Earnings call transcript
2023 Q2
26 Jul 23
HES
Earnings call transcript
2023 Q2
26 Jul 23
HES
Earnings call transcript
2023 Q1
26 Apr 23
HES
Earnings call transcript
2022 Q4
25 Jan 23
HES
Earnings call transcript
2022 Q3
26 Oct 22
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 Q4
26 Jan 22
HES
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
4
Geurt G Schoonman
21 Mar 24
4
Andrew P Slentz
21 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
4
Hess Midstream LP
18 Mar 24
4
Timothy B. Goodell
8 Mar 24
4
JOHN B HESS
8 Mar 24
4
Andrew P Slentz
8 Mar 24
4
Geurt G Schoonman
8 Mar 24
4
JOHN P RIELLY
8 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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) | 2.02 bn | 2.02 bn | 2.02 bn | 2.02 bn | 2.02 bn | 2.02 bn |
Cash burn (monthly) | 69.33 mm | 30.50 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 414.90 mm | 182.52 mm | n/a | n/a | n/a | n/a |
Cash remaining | 1.60 bn | 1.84 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 23.1 | 60.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
59.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 642 |
Opened positions | 129 |
Closed positions | 254 |
Increased positions | 203 |
Reduced positions | 202 |
13F shares | Current |
---|---|
Total value | 23.55 tn |
Total shares | 181.80 mm |
Total puts | 1.62 mm |
Total calls | 1.29 mm |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 31.83 mm | $4.59 tn |
FMR | 25.55 mm | $3.68 tn |
STT State Street | 16.99 mm | $2.45 tn |
Primecap Management | 7.97 mm | $1.15 tn |
T. Rowe Price | 5.12 mm | $737.96 mm |
Fayez Sarofim & Co | 4.75 mm | $675.19 bn |
Tortoise Capital Advisors, L.L.C. | 4.39 mm | $0.00 |
Barrow Hanley Mewhinney & Strauss | 4.15 mm | $598.91 bn |
Capital World Investors | 3.99 mm | $574.62 bn |
Massachusetts Financial Services | 3.88 mm | $558.82 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 151.28 | 7,400 | 1.12 mm | 33,581 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 150.85 | 3,037 | 458.13 k | 40,981 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Option exercise | Acquire M | No | No | 101.17 | 3,037 | 307.25 k | 44,018 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 150.84 | 3,484 | 525.53 k | 40,981 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Option exercise | Acquire M | No | No | 75.04 | 3,484 | 261.44 k | 44,465 |
20 Mar 24 | Schoonman Geurt G | Option to purchase Common Stock Common Stock, $1.00 par value | Option exercise | Dispose M | No | No | 101.17 | 3,037 | 307.25 k | 0 |
20 Mar 24 | Schoonman Geurt G | Option to purchase Common Stock Common Stock, $1.00 par value | Option exercise | Dispose M | No | No | 75.04 | 3,484 | 261.44 k | 0 |
19 Mar 24 | Slentz Andrew P | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 151.16 | 6,427 | 971.51 k | 43,788 |
19 Mar 24 | Slentz Andrew P | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 151.05 | 13,827 | 2.09 mm | 50,215 |
19 Mar 24 | Slentz Andrew P | Common Stock, $1.00 par value | Option exercise | Acquire M | No | No | 56.74 | 13,827 | 784.54 k | 64,042 |
News
Demystifying Hess: Insights From 5 Analyst Reviews
20 Mar 24
Mizuho Maintains Neutral on Hess, Raises Price Target to $205
20 Mar 24
Chevron, JX Nippon Set Sail on CO2 Storage Voyage Across Asia Pacific
19 Mar 24
Exxon CEO Denies Interest in Buying Hess, Focuses on Preemption Rights In Dispute with Chevron: Report
18 Mar 24
Here's How Much $100 Invested In Hess 5 Years Ago Would Be Worth Today
15 Mar 24
Press releases
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates HES, JNPR, TGAN, HMST
16 Mar 24
Kuehn Law Encourages ETRN, SCX, TAST, and HES Investors to Contact Law Firm
12 Mar 24
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates TAST, HES, EVRI
11 Mar 24
INVESTIGATION UPDATE: Halper Sadeh LLC Investigates HES, TGAN, JNPR
9 Mar 24
Kuehn Law Encourages VIVK, HES, SDPI, and AKTX Investors to Contact Law Firm
8 Mar 24