Hess
Hess Corporation, an exploration and production company, explores for, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The last earnings update was 24 days ago. More info.
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HES Share Price and Events
7 Day Returns
1 Year Returns
HES Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Hess (HES) | -9.5% | -7.3% | 4% | 0.5% | -1.3% | -34.9% |
| US Oil and Gas | -4.5% | -10.2% | -6.2% | -17.9% | -6.1% | -36.3% |
| US Market | -2.1% | -4.2% | 0% | 1.3% | 33.5% | 38% |
1 Year Return vs Industry and Market
- HES outperformed the Oil and Gas industry which returned -17.9% over the past year.
Value
Is Hess undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Hess
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Hess.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.4% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.89 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 21%) (42.4%)) |
1.125 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.13 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.125 * 5.96%) |
9.44% |
Discounted Cash Flow Calculation for NYSE:HES using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Hess is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.44%) |
|
|---|---|---|---|
| 2019 | -763.56 | Analyst x9 | -697.71 |
| 2020 | -455.81 | Analyst x7 | -380.59 |
| 2021 | 190.95 | Analyst x2 | 145.69 |
| 2022 | 514.45 | Analyst x2 | 358.66 |
| 2023 | 393.95 | Analyst x2 | 250.96 |
| 2024 | 323.97 | Est @ -17.76% | 188.58 |
| 2025 | 286.33 | Est @ -11.62% | 152.30 |
| 2026 | 265.40 | Est @ -7.31% | 128.99 |
| 2027 | 253.99 | Est @ -4.3% | 112.80 |
| 2028 | 248.42 | Est @ -2.19% | 100.82 |
| Present value of next 10 years cash flows | $360.50 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $248.42 × (1 + 2.73%) ÷ (9.44% – 2.73%) |
$3,804.71 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $3,804.71 ÷ (1 + 9.44%)10 |
$1,544.04 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $360.50 + $1,544.04 |
$1,904.54 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,904.54 / 303.44 |
$6.28 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $6.28 |
| Current discount | Discount to share price of
$59.47
= -1 x ($59.47 - $6.28) / $6.28 |
-847.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Hess is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Hess's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Hess's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $-0.62 |
| NYSE:HES Share Price ** | NYSE (2019-05-24) in USD | $59.47 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 101 Publicly-Listed Oil and Gas Companies | 12.79x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.36x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Hess.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:HES Share Price ÷ EPS (both in USD) = 59.47 ÷ -0.62 |
-95.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Hess is loss making, we can't compare its value to the US Oil and Gas industry average.
- Hess is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Hess's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -95.92x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
49.5%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 76 Publicly-Listed Oil and Gas Companies | 0.47x |
| United States of America Market PEG Ratio | Median Figure of 2,120 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Hess, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Hess's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $30.70 |
| NYSE:HES Share Price * | NYSE (2019-05-24) in USD | $59.47 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 195 Publicly-Listed Oil and Gas Companies | 1.13x |
| United States of America Market PB Ratio | Median Figure of 5,207 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:HES Share Price ÷ Book Value per Share (both in USD) = 59.47 ÷ 30.70 |
1.94x |
* Primary Listing of Hess.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Hess is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Hess's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Hess has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Hess expected to perform in the next 1 to 3 years based on estimates from 14 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Hess's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Hess's earnings growth is expected to exceed the United States of America market average.
- Hess's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:HES Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 49.5% |
| NYSE:HES Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 8.2% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 12.2% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 9,708 | 5,655 | 1,772 | 3 |
| 2022-12-31 | 8,235 | 4,399 | 1,346 | 3 |
| 2021-12-31 | 7,753 | 3,267 | 616 | 6 |
| 2020-12-31 | 7,891 | 3,174 | 615 | 10 |
| 2019-12-31 | 6,631 | 2,274 | 105 | 10 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 6,378 | 1,967 | -183 |
| 2018-12-31 | 6,152 | 1,939 | -328 |
| 2018-09-30 | 6,177 | 1,401 | -3,001 |
| 2018-06-30 | 5,752 | 1,066 | -3,583 |
| 2018-03-31 | 5,427 | 806 | -3,901 |
| 2017-12-31 | 5,347 | 945 | -4,120 |
| 2017-09-30 | 5,076 | 928 | -6,334 |
| 2017-06-30 | 4,905 | 1,172 | -6,050 |
| 2017-03-31 | 4,934 | 1,204 | -5,994 |
| 2016-12-31 | 4,661 | 795 | -6,173 |
| 2016-09-30 | 4,738 | 1,092 | -3,083 |
| 2016-06-30 | 5,230 | 1,042 | -2,998 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from Hess Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 5.03 | 5.82 | 4.23 | 2.00 |
| 2022-12-31 | 3.67 | 3.67 | 3.67 | 1.00 |
| 2021-12-31 | 1.83 | 5.11 | 0.47 | 6.00 |
| 2020-12-31 | 2.02 | 5.29 | -0.05 | 13.00 |
| 2019-12-31 | 0.37 | 1.85 | -0.61 | 11.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -0.62 |
| 2018-12-31 | -1.10 |
| 2018-09-30 | -9.88 |
| 2018-06-30 | -11.60 |
| 2018-03-31 | -12.46 |
| 2017-12-31 | -13.12 |
| 2017-09-30 | -20.17 |
| 2017-06-30 | -19.28 |
| 2017-03-31 | -19.12 |
| 2016-12-31 | -19.92 |
| 2016-09-30 | -10.20 |
| 2016-06-30 | -10.17 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Hess's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Hess has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Hess performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Hess does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Hess's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Hess's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
All data from Hess Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 6,378.00 | -183.00 | 1,907.00 | |
| 2018-12-31 | 6,152.00 | -328.00 | 1,918.00 | |
| 2018-09-30 | 6,177.00 | -3,001.00 | 1,921.00 | |
| 2018-06-30 | 5,752.00 | -3,583.00 | 1,906.00 | |
| 2018-03-31 | 5,427.00 | -3,901.00 | 1,936.00 | |
| 2017-12-31 | 5,347.00 | -4,120.00 | 2,049.00 | |
| 2017-09-30 | 5,076.00 | -6,334.00 | 2,295.00 | |
| 2017-06-30 | 4,905.00 | -6,050.00 | 2,393.00 | |
| 2017-03-31 | 4,934.00 | -5,994.00 | 2,542.00 | |
| 2016-12-31 | 4,661.00 | -6,173.00 | 2,690.00 | |
| 2016-09-30 | 4,738.00 | -3,083.00 | 2,644.00 | |
| 2016-06-30 | 5,230.00 | -2,998.00 | 2,856.00 | |
| 2016-03-31 | 5,942.00 | -3,147.00 | 2,893.00 | |
| 2015-12-31 | 6,490.00 | -3,008.00 | 2,929.00 | |
| 2015-09-30 | 7,543.00 | -1,201.00 | 2,880.00 | |
| 2015-06-30 | 8,510.00 | -598.00 | 2,973.00 | |
| 2015-03-31 | 9,353.00 | 930.00 | 3,018.00 | |
| 2014-12-31 | 10,462.00 | 1,635.00 | 3,020.00 | |
| 2014-09-30 | 10,558.00 | 2,569.00 | 3,173.00 | |
| 2014-06-30 | 10,585.00 | 2,590.00 | 3,003.00 | |
| 2014-03-31 | 10,806.00 | 3,030.00 | 3,115.00 | |
| 2013-12-31 | 11,533.00 | 3,866.00 | 3,436.00 | |
| 2013-09-30 | 23,444.00 | 3,214.00 | 3,162.00 | |
| 2013-06-30 | 23,736.00 | 3,331.00 | 3,344.00 | |
| 2013-03-31 | 23,961.00 | 2,470.00 | 3,320.00 | |
| 2012-12-31 | 11,695.00 | 1,770.00 | 3,539.00 | |
| 2012-09-30 | 18,616.00 | 1,422.00 | 2,920.00 | |
| 2012-06-30 | 24,353.00 | 1,245.00 | 2,383.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Hess has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Hess used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- It is difficult to establish if Hess improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Hess's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Hess has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Hess's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Hess's finances.
The net worth of a company is the difference between its assets and liabilities.
- Hess is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Hess's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Hess Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 10,553.00 | 7,651.00 | 2,300.00 |
| 2018-12-31 | 10,888.00 | 6,674.00 | 2,694.00 |
| 2018-09-30 | 11,046.00 | 6,699.00 | 3,004.00 |
| 2018-06-30 | 11,336.00 | 6,444.00 | 2,908.00 |
| 2018-03-31 | 11,937.00 | 6,572.00 | 3,726.00 |
| 2017-12-31 | 12,354.00 | 6,977.00 | 4,847.00 |
| 2017-09-30 | 14,428.00 | 6,714.00 | 2,526.00 |
| 2017-06-30 | 15,078.00 | 6,733.00 | 2,493.00 |
| 2017-03-31 | 15,233.00 | 6,785.00 | 2,686.00 |
| 2016-12-31 | 15,591.00 | 6,806.00 | 2,732.00 |
| 2016-09-30 | 20,915.00 | 7,337.00 | 3,532.00 |
| 2016-06-30 | 21,174.00 | 6,552.00 | 3,115.00 |
| 2016-03-31 | 21,634.00 | 6,592.00 | 3,572.00 |
| 2015-12-31 | 20,401.00 | 6,592.00 | 2,716.00 |
| 2015-09-30 | 22,363.00 | 6,552.00 | 3,013.00 |
| 2015-06-30 | 21,103.00 | 5,957.00 | 931.00 |
| 2015-03-31 | 21,667.00 | 5,980.00 | 1,506.00 |
| 2014-12-31 | 22,320.00 | 5,987.00 | 2,444.00 |
| 2014-09-30 | 24,365.00 | 5,996.00 | 4,120.00 |
| 2014-06-30 | 24,354.00 | 6,077.00 | 2,205.00 |
| 2014-03-31 | 24,242.00 | 5,576.00 | 1,288.00 |
| 2013-12-31 | 24,784.00 | 5,798.00 | 1,814.00 |
| 2013-09-30 | 23,842.00 | 6,209.00 | 321.00 |
| 2013-06-30 | 23,973.00 | 5,898.00 | 725.00 |
| 2013-03-31 | 22,525.00 | 7,376.00 | 444.00 |
| 2012-12-31 | 21,203.00 | 8,111.00 | 642.00 |
| 2012-09-30 | 20,652.00 | 7,841.00 | 528.00 |
| 2012-06-30 | 19,959.00 | 7,845.00 | 409.00 |
- Hess's level of debt (72.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (23% vs 72.5% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Hess has sufficient cash runway for more than 3 years based on current free cash flow.
- Hess has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -51.2% each year.
Financial health checks
We assess Hess's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Hess has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Hess's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Hess
shares you are expected to receive
$34
in your first year as a dividend.
Dividend Amount
- Hess's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- Hess's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 66 Stocks | 3.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 1.04 | 4.00 |
| 2020-12-31 | 1.04 | 8.00 |
| 2019-12-31 | 1.05 | 9.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-06 | 1.000 | 1.614 |
| 2018-12-06 | 1.000 | 1.961 |
| 2018-09-05 | 1.000 | 1.610 |
| 2018-06-06 | 1.000 | 1.552 |
| 2018-03-07 | 1.000 | 1.801 |
| 2017-12-06 | 1.000 | 2.094 |
| 2017-09-06 | 1.000 | 2.249 |
| 2017-06-07 | 1.000 | 2.376 |
| 2017-03-01 | 1.000 | 2.076 |
| 2016-12-07 | 1.000 | 1.743 |
| 2016-09-07 | 1.000 | 1.974 |
| 2016-06-01 | 1.000 | 1.779 |
| 2016-03-02 | 1.000 | 1.816 |
| 2015-12-02 | 1.000 | 2.289 |
| 2015-09-09 | 1.000 | 1.750 |
| 2015-06-03 | 1.000 | 1.637 |
| 2015-03-04 | 1.000 | 1.404 |
| 2014-12-03 | 1.000 | 1.387 |
| 2014-09-03 | 1.000 | 1.158 |
| 2014-06-04 | 1.000 | 1.017 |
| 2014-03-05 | 1.000 | 1.166 |
| 2013-12-04 | 1.000 | 1.262 |
| 2013-03-07 | 1.000 | 1.357 |
| 2013-03-06 | 0.400 | 0.577 |
| 2012-12-05 | 0.400 | 0.679 |
| 2012-09-05 | 0.400 | 0.761 |
| 2012-06-06 | 0.400 | 0.871 |
| 2012-03-07 | 0.400 | 0.757 |
| 2011-12-07 | 0.400 | 0.673 |
| 2011-09-08 | 0.400 | 0.684 |
| 2011-06-01 | 0.400 | 0.606 |
| 2011-03-02 | 0.400 | 0.497 |
| 2010-12-01 | 0.400 | 0.506 |
| 2010-09-08 | 0.400 | 0.637 |
| 2010-06-02 | 0.400 | 0.756 |
| 2010-03-03 | 0.400 | 0.665 |
| 2009-12-03 | 0.400 | 0.672 |
| 2009-09-09 | 0.400 | 0.706 |
| 2009-06-05 | 0.400 | 0.758 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Hess's earnings are
paid
to the shareholders as a dividend.
- The company is paying a dividend however it is incurring a loss.
- Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
Income/ dividend checks
We assess Hess's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Hess afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Hess has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $12,572,440 |
| AGE | 64 |
| TENURE AS CEO | 24 years |
CEO Bio
Mr. John B. Hess has been the Chief Executive Officer at Hess Corporation since May 3, 1995. Mr. Hess has been the Chairman of the Board of Directors and Chief Executive Officer of Hess Midstream Partners GP LLC, a general partners of Hess Midstream Partners LP since September 2014 and July 2014 respectively. Mr. Hess serves on the Secretary of Energy Advisory Board Quadrennial Review Task Force. Mr. Hess has been with Hess Corporation for 28 years and has strong background in the global oil and gas industry. He provides significant value to the oversight and development of Kohlberg Kravis Roberts business and served leadership roles at a global energy business. Mr. Hess led the Fortune 100 Company through a strategic transformation from integrated oil company to pure play exploration and production company. Mr. Hess served as the Chairman of Hess Corporation from May 3, 1995 to May 16, 2013. Mr. Hess serves as Vice Chairman of Lincoln Center for the Performing Arts, Inc. and has been its Director since 2007. He serves as a Trustee of Center for Strategic and International Studies, Inc. Mr. Hess has been a Director of Hess Corporation since 1978. He has been a Director of the Trilateral Commission since 2009. Mr. Hess has been a Director and Member of Board of Trustees at Deerfield Academy since 2004. He has been an Independent Director of KKR Management LLC and KKR & Co. Inc. (formerly, KKR & Co. L.P.) since July 28, 2011. He has been a Director of National Advisory Board of J.P. Morgan Chase & Co. since 1991. Mr. Hess has been a Member of Board of Trustees at Wildlife Conservation Society/NY Zoo since 1991, United Cerebral Palsy Research and Educational Foundation. Mr. Hess has been a Trustee of The Mount Sinai Hospital since 1988 and New York Public Library since 2008. He is a member of the Business Council, the Trilateral Commission and the Council on Foreign Relations and he serves on the Executive Committee of the American Petroleum Institute. Mr. Hess has almost 40 years of experience with the company. During his career, Mr. Hess has acquired in-depth knowledge of the company’s strategy and operations and the history of the company’s development, and he and his family have had a long-standing commitment to the company. He is a member of Dean's Advisors of Harvard Business School since 2001. He is also Chair of the Harvard Business School Campaign. He served as a Director of NYC2012, Inc. He served as a Director of The Dow Chemical Company since October 12, 2006 until May 9, 2013. Mr. Hess served as a Member of the Secretary of Energy Advisory Board from 1999 to 2002. He earned an M.B.A. from Harvard Business School in 1977 and a B.A. from Harvard College in 1975.
CEO Compensation
- John's compensation has been consistent with company performance over the past year, both up more than 20%.
- John's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Hess management team in years:
- The average tenure for the Hess management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
John Hess
CEO & Director
$13M
64
24 yrs
John Rielly
Senior VP & CFO
$4M
56
15.1 yrs
Greg Hill
COO, Executive VP and President of Worldwide Exploration & Production
$9M
57
5.3 yrs
Timothy Goodell
Senior VP
$4M
61
10.3 yrs
Mike Turner
Senior Vice President of Global Production
$3M
59
9.9 yrs
Richard Lynch
Senior Vice President of Technology & Services
59
1.3 yrs
Jay Wilson
Vice President of Investor Relations
72
15.8 yrs
Lorrie Hecker
Vice President of Communications
1.8 yrs
Andrew Slentz
Senior Vice President of Human Resources
56
3 yrs
Jonathan Stein
VP, CFO of Midstream & Chief Risk Officer
2.3 yrs
Board of Directors Tenure
Average tenure and age of the Hess board of directors in years:
- The tenure for the Hess board of directors is about average.
Board of Directors
Jim Quigley
Independent Chairman
$508K
66
3.2 yrs
John Hess
CEO & Director
$13M
64
41.3 yrs
Ede Holiday
Independent Director
$305K
66
26.3 yrs
Risa Lavizzo-Mourey
Independent Director
$305K
63
14.9 yrs
Kevin Meyers
Independent Director
$343K
64
6 yrs
Fred Reynolds
Independent Director
$336K
67
6 yrs
Bill Schrader
Independent Director
$316K
60
6 yrs
Rodney Chase
Independent Director
$340K
75
6 yrs
David McManus
Independent Director
$300K
65
6 yrs
Terry Checki
Independent Director
$305K
72
5 yrs
Who owns this company?
Recent Insider Trading
- Hess insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 08. May 19 | Sell | Andrew Slentz | Individual | 06. May 19 | 06. May 19 | -2,081 | $62.52 | $-130,104 | ||
| 15. Mar 19 | Sell | Gregory Hill | Individual | 13. Mar 19 | 13. Mar 19 | -8,700 | $57.93 | $-503,991 | ||
| 08. Mar 19 | Sell | Gregory Hill | Individual | 07. Mar 19 | 07. Mar 19 | -4,987 | $56.73 | $-282,913 | ||
| 08. Mar 19 | Sell | Timothy Goodell | Individual | 07. Mar 19 | 07. Mar 19 | -6,208 | $56.06 | $-348,020 | ||
| 08. Mar 19 | Sell | Andrew Slentz | Individual | 07. Mar 19 | 07. Mar 19 | -6,217 | $57.12 | $-355,115 | ||
| 08. Mar 19 | Sell | Michael Turner | Individual | 07. Mar 19 | 07. Mar 19 | -7,784 | $56.47 | $-439,562 | ||
| 08. Mar 19 | Sell | Richard Lynch | Individual | 07. Mar 19 | 07. Mar 19 | -1,211 | $56.73 | $-68,700 | ||
| 08. Mar 19 | Sell | Barbara Lowery-Yilmaz | Individual | 07. Mar 19 | 07. Mar 19 | -1,532 | $56.73 | $-86,910 | ||
| 08. Mar 19 | Sell | John Rielly | Individual | 07. Mar 19 | 07. Mar 19 | -2,627 | $56.73 | $-149,030 | ||
| 08. Mar 19 | Buy | Edith Holiday | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | William Schrader | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | James Quigley | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | Kevin Meyers | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | Leonard Coleman | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | David McManus | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | Terrence Checki | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | Marc Lipschultz | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | Rodney Chase | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 08. Mar 19 | Buy | Risa Lavizzo-Mourey | Individual | 06. Mar 19 | 06. Mar 19 | 442 | $56.74 | $25,079 | ||
| 05. Mar 19 | Sell | Barbara Lowery-Yilmaz | Individual | 04. Mar 19 | 04. Mar 19 | -1,168 | $58.90 | $-68,795 | ||
| 05. Mar 19 | Sell | Gregory Hill | Individual | 04. Mar 19 | 04. Mar 19 | -7,134 | $58.90 | $-420,193 | ||
| 05. Mar 19 | Sell | Richard Lynch | Individual | 04. Mar 19 | 04. Mar 19 | -1,168 | $58.90 | $-68,795 | ||
| 05. Mar 19 | Sell | Timothy Goodell | Individual | 04. Mar 19 | 04. Mar 19 | -3,946 | $58.90 | $-232,419 | ||
| 05. Mar 19 | Sell | Michael Turner | Individual | 04. Mar 19 | 04. Mar 19 | -1,168 | $58.90 | $-68,795 | ||
| 05. Mar 19 | Sell | John Rielly | Individual | 04. Mar 19 | 04. Mar 19 | -3,758 | $58.90 | $-221,346 | ||
| 14. Feb 19 | Sell | Michael Turner | Individual | 12. Feb 19 | 12. Feb 19 | -7,107 | $55.44 | $-394,012 | ||
| 08. Feb 19 | Sell | John Rielly | Individual | 07. Feb 19 | 07. Feb 19 | -5,172 | $53.40 | $-276,185 | ||
| 08. Feb 19 | Sell | Michael Turner | Individual | 07. Feb 19 | 07. Feb 19 | -2,352 | $53.40 | $-125,597 | ||
| 08. Feb 19 | Sell | Timothy Goodell | Individual | 07. Feb 19 | 07. Feb 19 | -5,546 | $53.40 | $-296,156 | ||
| 08. Feb 19 | Sell | Gregory Hill | Individual | 07. Feb 19 | 07. Feb 19 | -11,659 | $53.40 | $-622,591 | ||
| 08. Feb 19 | Sell | Barbara Lowery-Yilmaz | Individual | 07. Feb 19 | 07. Feb 19 | -2,353 | $53.40 | $-125,650 | ||
| 08. Feb 19 | Sell | Andrew Slentz | Individual | 07. Feb 19 | 07. Feb 19 | -2,684 | $53.40 | $-143,326 | ||
| 08. Feb 19 | Sell | Richard Lynch | Individual | 07. Feb 19 | 07. Feb 19 | -17,843 | $54.14 | $-964,278 | ||
| 26. Nov 18 | Sell | Michael Turner | Individual | 21. Nov 18 | 21. Nov 18 | -4,142 | $56.82 | $-235,348 | ||
| 03. Aug 18 | Sell | Gregory Hill | Individual | 02. Aug 18 | 02. Aug 18 | -11,480 | $65.69 | $-754,121 | ||
| 03. Jul 18 | Sell | Michael Turner | Individual | 29. Jun 18 | 29. Jun 18 | -10,243 | $67.96 | $-696,114 | ||
Management checks
We assess Hess's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Hess has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Know This Before Buying Hess Corporation (NYSE:HES) For Its Dividend
Could Hess Corporation (NYSE:HES) be an attractive dividend share to own for the long haul? … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … NYSE:HES Historical Dividend Yield, April 23rd 2019
Simply Wall St - – Full articleWho Has Been Selling Hess Corporation (NYSE:HES) Shares?
So before you buy or sell Hess Corporation (NYSE:HES), you may well want to know whether insiders have been buying or selling. … That means that an insider was selling shares at slightly below the current price (US$60.75). … Over the last year we saw more insider selling of Hess shares, than buying.
Simply Wall St - – Full articleWhat Investors Should Know About Hess Corporation's (NYSE:HES) Financial Strength
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Hess Corporation (NYSE:HES) a safer option. … I will provide an overview of Hess’s financial liquidity and leverage to give you an idea of Hess’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis
Simply Wall St - – Full articleCan You Imagine How Hess's Shareholders Feel About The 31% Share Price Increase?
Hess isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last 3 years Hess saw its revenue grow at 1.9% per year. … It's probably fair to say that the modest growth is reflected in the modest share price gain of 9.4% per year.
Simply Wall St - – Full articleHess Corporation's (NYSE:HES) Profit Outlook
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. … With the latest financial year loss of -US$4.1b and a trailing-twelve month of -US$3.0b, the US$16b market-cap alleviates its loss by moving closer towards its target of breakeven. … Many investors are wondering the rate at which HES will turn a profit, with the big question being “when will the company breakeven?”?
Simply Wall St - – Full articleWho Has Been Selling Hess Corporation (NYSE:HES) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Hess Corporation (NYSE:HES). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'.
Simply Wall St - – Full articleDoes Hess Corporation's (NYSE:HES) Debt Level Pose A Problem?
There are a number of reasons that attract investors towards large-cap companies such as Hess Corporation (NYSE:HES), with a market cap of US$16.8b. … Today we will look at Hess’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleWhat Hess Corporation’s (NYSE:HES) Insiders Know That You Don't
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. … Generally, insiders selling shares in their own firm sends a bearish signal … The MIT Press (1998) published an article showing that stocks following insider selling underperformed the market by 2.7%
Simply Wall St - – Full articleIs Hess Corporation (NYSE:HES) An Attractive Dividend Stock?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … In the past 10 years Hess Corporation (NYSE:HES) has returned an average of 1.00% per year to investors in the form of dividend payouts. … Let's take a look at Hess in more detail.
Simply Wall St - – Full articleHess Corporation (NYSE:HES): What You Have To Know Before Buying For The Upcoming Dividend
On the 29 June 2018, Hess Corporation (NYSE:HES) will be paying shareholders an upcoming dividend amount of $0.25 per share. … 5 questions to ask before buying a dividend stock? … When researching a dividend stock, I always follow the following screening criteria:
Simply Wall St - – Full articleCompany Info
Description
Hess Corporation, an exploration and production company, explores for, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico. As of December 31, 2018, it had total proved reserves of 1,192 million barrels of oil equivalent. The company is also involved in the gathering, compressing, and processing of natural gas; the fractionation of NGLs; gathering, terminaling, loading, and transporting crude oil and NGLs through rail car; storing and terminaling propane, as well as providing water handling services primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. The company was founded in 1920 and is headquartered in New York, New York.
Details
| Name: | Hess Corporation |
| HES | |
| Exchange: | NYSE |
| Founded: | 1920 |
| $18,045,326,550 | |
| 303,435,792 | |
| Website: | http://www.hess.com |
| Address: |
Hess Corporation 1185 Avenue of the Americas, 40th Floor, New York, New York, 10036, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | HES | Common Stock | New York Stock Exchange | US | USD | 01. Mar 1964 | |
| DB | AHC | Common Stock | Deutsche Boerse AG | DE | EUR | 01. Mar 1964 | |
| LSE | 0J50 | Common Stock | London Stock Exchange | GB | USD | 01. Mar 1964 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/25 00:03 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/23 |
| Last earnings filing: | 2019/05/01 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
