The current buzz around Hess Corporation (HES) is available from a plethora of sources. Earnings reports for the company reveal promising signs, outperforming market expectations and showcasing extended production volumes. Yet, despite this, the company's stock continues to underperform the broader market. Despite a series of acquisitions and share purchases from entities like the Canada Pension Plan Investment Board, Bessemer Group, and UniSuper Management, Hess's stock doesn't seem to be keeping pace with its competitors. The planned merger with Chevron has run into a series of hurdles including regulatory issues and probable abstention from vote by certain shareholders and advisory firms like D.E. Shaw and ISS. Some of the strategic insights indicate that Hess's financial prospects look attractive despite these setbacks. Companies and portfolio managers like Envestnet, TIAA Trust, and QRG Capital have reduced their holdings, but others like Vanguard, State Board of Administration of Florida, and First Trust Direct Index keep showing their faith in Hess's growth potential.
Hess Corporation HES News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 14:10:04 GMT - Rating 2 - Innovation 4 - Information 7 - Rumor -3
