Hess Corporation (HES) stock has been significant attention from various investors and analysts. Ellsworth Advisors LLC has acquired 4436 shares and OmniStar Financial Group Inc. has made a new investment of $720,000. Kapitalo Investimentos Ltda also has a hefty $30.17 million stake in Hess. Hess Corporation recently outperformed its competitors on a strong trading day, despite losses. The company has seen a price target increase to $154 from $149 by Susquehanna and other brokerages are setting a consensus target price of $165.92. However, there are also speculations around underperformance compared to the energy sector. On a note of its merger with Chevron, shareholders have approved the deal. The US regulator has formally approved Chevron’s acquisition of Hess. Nonetheless, the deal is currently facing regulatory hurdles and legal issues, dragging out the arbitration process. Hess Co. exceeded profit estimates in Q2 with a significant boost from Guyana. A 14.3% quarterly dividend hike has been announced for shareholders. Amid this, Czech National Bank has increased its stake, whereas Water Island Capital LLC sold 6,788 shares and Point72 Asset Management L.P. sold their shares.
Hess Corporation HES News Analytics from Wed, 13 Mar 2024 20:20:05 GMT to Sat, 19 Oct 2024 09:00:13 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -4
