Hess Corporation (HES) has announced regular quarterly dividends on common stock, with a payout of $0.50 per share for December 2024. Hedge funds have shown optimistic sentiment, deeming HES a promising energy stock. Key investments in HES have been noted, including Point72 Asset Management acquiring 290,653 shares and Quarry LP buying a new stake. Citigroup analysts expect HES stock price to rise. HES is also a part of Guyana's growth strategy featuring in Ken Griffin's portfolio. However, there have also been considerable share transactions with significant stakes sold by firms like State Street Corp and Sand Grove Capital Management. A noteworthy highlight is Chevron's proposed takeover of Hess Corporation and their merger receiving approval from stockholders and US regulators. HES also faced regulatory hurdles affecting the merger timeline. Hess's Q3 earnings beat estimates with a rise in year over year revenues triggered by its Guyana Oil Surge. The recurring news of Hess's quarterly dividends suggests a stable financial strategy.
Hess Corporation HES News Analytics from Wed, 13 Mar 2024 20:20:05 GMT to Sat, 07 Dec 2024 19:57:24 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor 2
