Hess Stock To Go Ex-dividend Tomorrow (HES)

NEW YORK ( TheStreet) -- The ex-dividend date for Hess (NYSE: HES) is tomorrow, March 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $63 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for Hess has been 3.6 million shares per day over the past 30 days. Hess has a market cap of $20.5 billion and is part of the basic materials sector and energy industry. Shares are up 10.3% year to date as of the close of trading on Monday.

Hess Corporation, together with its subsidiaries, operates as an integrated energy company. The company operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). The company has a P/E ratio of 12.6, above the average energy industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hess as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Hess Ratings Report.

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