Wesbanco Bank Inc., SG Americas Securities LLC, Park Avenue Securities LLC, and Oak Thistle LLC have significantly increased their holdings of Hess Corporation stock (NYSE:HES). Even as Hess scheduled its Quarterly Earnings Release and subsequently reported estimated results for Q3 of 2024, Hess also drew attention from analysts who considered it a solid addition to retirement portfolios and hedge fund picks from renowned organizations like Goldman Sachs. An issue of regulatory risks led to a cut in the stock's price target, but they later crossed above their 200 DMA. Meanwhile, Hess revealed plans to participate in an upcoming Goldman Sachs conference, showing strong signs of growth, resistance to market volatility, and was even named to the Dow Jones Sustainability Index and Wall Street Journal’s List of Top 250 Best Managed Companies. Hess's merger with Chevron (NYSE:CVX) was a hot button issue, garnering mixed views on its value and progress, along with FTC's restrictions on John Hess's board role, and resulting in three lawsuits over disclosures. However, a decisive 51% vote of approval by the shareholders suggests overall confidence in the merger's prospects. Lastly, despite resistance and delays, Hess surpassed profit expectations thanks to a surge in Guyana's oil output.
Hess Corporation HES News Analytics from Wed, 13 Mar 2024 20:20:05 GMT to Sat, 25 Jan 2025 09:32:48 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 3
