The recent news about
Hess Corporation HES encompasses a wide range of topics including stock performance, shareholder activity, and merger dealings.
Franklin Resources Inc., GW&K Investment Management LLC, Beacon Pointe Advisors LLC, Wells Fargo & Company MN, Envestnet Portfolio Solutions Inc., and Spire Wealth Management all reportedly sold shares of Hess, while
Robeco Institutional Asset Management B.V. and Clearbridge Investments LLC among others acquired shares. This occurred amidst fluctuating stock performance where Hess showed both under and outperformance compared to competitors on different days. In the background is the ongoing drama of a potential
merger with Chevron, with analysts expressing differing opinions about shareholder approval, pending lawsuits, risk, and reward. An upcoming shareholder vote is set for April 12 and several holders are expected to abstain. Amidst this, Hess has confirmed
$5 million donation for hurricane relief in New York and New Jersey, faced some legal issues over reported disclosure deficiencies, beat Q1 earnings with higher production volumes, and announced a regular quarterly dividend on Common Stock. The company also faced regulatory scrutiny over the planned merger with Chevron.
Hess Corporation HES News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 18:14:37 GMT -
Rating 2
- Innovation -3
- Information 6
- Rumor -6
