HES Hess Corporation
Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.
Company profile
Ticker
HES
Exchange
Website
CEO
John B. Hess
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Exxon Mobil • Chevron • ConocoPhillips • Valero Energy • Marathon Petroleum • Phillips 66 • PBF Energy • HollyFrontier • Delek US • CVR Energy ...
Former names
Amerada Hess Corp
SEC CIK
Corporate docs
IRS number
134921002
HES stock data
()
Calendar
6 Aug 20
7 Aug 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|
| Revenue | 842M | 1.37B | 1.7B | 1.52B | |
| Net income | -263M | -2.37B | -183M | -166M | |
| Diluted EPS | -1.05 | -8 | -0.74 | -0.7 | |
| Net profit margin | -31.24% | -173% | -10.77% | -10.96% | |
| Net change in cash | -434M | 535M | -318M | -345M | |
| Cash on hand | 1.65B | 2.08B | 1.55B | 1.86B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 6.51B | 6.47B | 5.39B | 4.84B | |
| Net income | -240M | -115M | -3.94B | -6.08B | |
| Diluted EPS | -1.37 | -1.1 | -13.12 | -19.92 | |
| Net profit margin | -3.69% | -1.78% | -73.10% | -126% | |
| Operating income* | -5.59B | -3.57B | |||
| Net change in cash | -1.15B | -2.15B | 2.12B | 16M | |
| Cash on hand | 1.55B | 2.69B | 4.85B | 2.73B |
Financial data from Hess earnings reports. *Asterisk values are approximate.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 4 Aug 20 | Schoonman Geurt G | Common Stock, $1.00 par value | Sell | Dispose S | No | 50.31 | 12 | 603.72 | 42,592 |
| 9 Jun 20 | Slentz Andrew P | Common Stock, $1.00 par value | Sell | Dispose S | No | 57.58 | 4,200 | 241.84K | 37,918 |
| 2 Jun 20 | Hill Gregory P. | Common Stock, $1.00 par value | Sell | Dispose S | No | 51.68 | 19,500 | 1.01M | 108,813 |
| 9 Mar 20 | Turner Michael R | Common Stock, $1.00 par value | Sell | Dispose S | No | 32.39 | 2,353 | 76.21K | 76,257 |
| 9 Mar 20 | Lowery-Yilmaz Barbara J | Common Stock, $1.00 par value | Sell | Dispose S | No | 32.39 | 2,353 | 76.21K | 65,970 |
| 6 Mar 20 | Lowery-Yilmaz Barbara J | Common Stock, $1.00 par value | Grant | Aquire A | No | 0 | 8,246 | 0 | 68,323 |
| 6 Mar 20 | Lowery-Yilmaz Barbara J | Option to purchase Common Stock Common Stock, $1.00 par value | Grant | Aquire A | No | 49.72 | 9,557 | 475.17K | 9,557 |
| 6 Mar 20 | Lowery-Yilmaz Barbara J | Option to purchase Common Stock Common Stock, $1.00 par value | Grant | Aquire A | No | 49.72 | 9,557 | 475.17K | 9,557 |
| 6 Mar 20 | Lowery-Yilmaz Barbara J | Option to purchase Common Stock Common Stock, $1.00 par value | Grant | Aquire A | No | 49.72 | 9,557 | 475.17K | 9,557 |
| 6 Mar 20 | Lowery-Yilmaz Barbara J | 2020 Performance Share Unit Common Stock, $1.00 par value | Grant | Aquire A | No | 0 | 21,156 | 0 | 21,156 |
Institutional ownership Q1 2020
87.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 456 |
| Opened positions | 42 |
| Closed positions | 136 |
| Increased positions | 148 |
| Reduced positions | 184 |
13F shares |
Current |
|---|---|
| Total value | 11.09B |
| Total shares | 268.37M |
| Total puts | 4.15M |
| Total calls | 3.75M |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| FMR | 33.65M | $1.12B |
| Vanguard | 31.2M | $1.04B |
| Dodge & Cox | 21.77M | $725.08M |
| BLK BlackRock | 18.75M | $624.5M |
| STT State Street | 14.74M | $490.71M |
| Capital International Investors | 10.31M | $343.37M |
| Primecap Management | 9.33M | $310.59M |
| Ubs Global Asset Management Americas | 8.8M | $292.96M |
| Barrow Hanley Mewhinney & Strauss | 8.32M | $276.95M |
| Hotchkis & Wiley Capital Management | 7.92M | $263.79M |
Financial report summary
?Competition
Dakota PlainsRisks
- Our business and operations have been and may continue to be adversely affected by the COVID-19 global pandemic or other similar public health developments and the recent reduced demand for oil and natural gas.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
accomplished, anniversary, appeal, appealing, Army, Asian, behavioral, BP, China, Circuit, Columbia, consumer, consumption, cyber, DAPL, Deep, disease, displaced, easement, emptied, enable, encouragement, ensure, expanded, failure, flexibility, imbalance, infection, ItemNo, key, light, LLC, mile, mitigate, move, moving, multiple, opportunity, PageNumber, pipeline, posed, prolonged, Qualitative, Quantitative, Redtail, requesting, resumed, shut, spud, stay, stayed, sustained, takeaway, technology, turnaround, VLCC, vulnerable, widening, widespread
Removed:
absolute, AVENUE, finance, iii, limiting, repurchase, sandstone, vary, weakening
Financial reports
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
1 May 18
Current reports
8-K
Hess Reports Estimated Results for the Second Quarter of 2020
29 Jul 20
8-K
Departure of Directors or Certain Officers
5 Jun 20
8-K
Hess Reports Estimated Results for the First Quarter of 2020
7 May 20
8-K
Entry into a Material Definitive Agreement
17 Mar 20
8-K
Departure of Directors or Certain Officers
6 Mar 20
8-K
Hess Reports Estimated Results for the Fourth Quarter of 2019
29 Jan 20
8-K
Departure of Directors or Certain Officers
8 Nov 19
8-K
Departure of Directors or Certain Officers
7 Nov 19
8-K
Hess Reports Estimated Results for the Third Quarter of 2019
30 Oct 19
8-K
Hess Reports Estimated Results for the Second Quarter of 2019
31 Jul 19
Registration and prospectus
15-12B
Securities registration termination
17 Jan 20
25-NSE
Exchange delisting
31 Jan 19
S-3ASR
Automatic shelf registration
28 Feb 18
S-8
Registration of securities for employees
30 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Jun 17
424B5
Prospectus supplement for primary offering
20 Sep 16
424B5
Prospectus supplement for primary offering
19 Sep 16
Proxies
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEF 14A
Definitive proxy
24 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Apr 19
DEF 14A
Definitive proxy
25 Apr 19
DEFA14A
Additional proxy soliciting materials
27 Apr 18
DEF 14A
Definitive proxy
27 Apr 18
PX14A6G
Letter to shareholders
8 May 17
DEFA14A
Additional proxy soliciting materials
28 Apr 17
DEF 14A
Definitive proxy
28 Apr 17
DEF 14A
Definitive proxy
24 Mar 16
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
5 Jun 18
SD
Conflict minerals disclosure
31 May 18
CORRESP
Correspondence with SEC
23 May 18
UPLOAD
Letter from SEC
11 May 18
UPLOAD
Letter from SEC
18 Dec 17
CORRESP
Correspondence with SEC
9 Nov 17
UPLOAD
Letter from SEC
26 Oct 17
CORRESP
Correspondence with SEC
22 Sep 17
Ownership
4
HESS / Geurt G Schoonman ownership change
6 Aug 20
4
HESS / Andrew P Slentz ownership change
11 Jun 20
4
HESS / Gregory P. Hill ownership change
4 Jun 20
4
HESS / RODNEY F CHASE ownership change
10 Mar 20
4
HESS / MARC S LIPSCHULTZ ownership change
10 Mar 20
4
HESS / Terrence J. Checki ownership change
10 Mar 20
4
HESS / James H. Quigley ownership change
10 Mar 20
4
HESS / Kevin Omar Meyers ownership change
10 Mar 20
4
HESS / WILLIAM G. SCHRADER ownership change
10 Mar 20
4
HESS / RISA J LAVIZZO-MOUREY ownership change
10 Mar 20