Hess Corporation (NYSE:HES) has been the subject of intensive market activity. The company's shares underwent a series of purchases and sales by major institutional entities including abrdn plc, Paragon Capital Management, and State of Alaska Department of Revenue. Wall Street continues to speculate on the company's stock performance. Goldman Sachs has named HES among its top hedge fund stock picks, while others anticipate the company to surpass earnings estimates once more. The company has been successful in its Q4 trading, with a 14.3% quarterly dividend increase credited to investors. HES is seen by D.E. Shaw and other billionaires as a promising investment, particularly with its robust activity in Guyana. Chevron's merger with Hess is apparently progressing, though confronted with regulatory obstacles and extended by six months. While Hess CEO John B. Hess experienced restrictions on his board role, the deal has passed the anti-trust review and received approval from Hess shareholders, despite pending lawsuits over disclosures. The anticipated growth in Hess Corporation hinges on its performance in Guyana and the subsequent Chevron merger.
Hess Corporation HES News Analytics from Wed, 13 Mar 2024 20:20:05 GMT to Sat, 08 Feb 2025 10:40:30 GMT -
Rating 8
- Innovation -4
- Rumor -7
