Hess Corporation (HES) has witnessed a flurry of activities with substantial financial stakes involved. Major investment companies like
Sei Investments Co. and
BNP PARIBAS ASSET MANAGEMENT have increased their holdings in HES while others such as
Envestnet Portfolio Solutions Inc. and
QRG Capital Management Inc. have reduced their HES shares. Despite fluctuations, the HES stock has been outperforming its market competitors. Favourable
Q1 earnings resulting from higher production volumes and proposed
merger with Chevron has built anticipation for a surge in the HES stock. It has received
upgrade ratings from Bernstein and Sanford C. Bernstein changing status to 'outperform'. However, the merger is facing
legal and regulatory hurdles and might face a delay. Despite these uncertainties, the HES stock remains a prominent long-term momentum stock commended by Wall Street Analysts. This potential merger drama also adds
risk/reward attractiveness to Hess.
Hess Corporation HES News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 16:01:43 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
