Hess Corporation (HES), a notable energy stock, seems to be getting high buy ratings from Wall Street analysts. Investors are keenly awaiting Hess Corporation's earnings release, as strong forecasts suggest that the company might outperform expectations. Meanwhile, numerous financial entities, like Apollon Wealth Management, Empowered Funds, Strategic Financial Concepts, and Kestra Private Wealth Services, have been acquiring shares in Hess Corp. while some like abrdn, Miller Howard Investments, and Yousif Capital Management have trimmed their holdings.
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The company has recently drawn attention by beating earnings estimates, showcasing a surge in Guyana's oil production and posting a substantial increase in Q4 profits. However, it's the proposed merger with Chevron that's the hot topic. Some speculated Hess' shares will climb while others believe they might sink. There is approval from Hess Corporation shareholders for the proposed merger, however, it faces regulatory hurdles and is currently delayed. Meanwhile, John B. Hess, CEO of Hess Corporation has sold shares worth $50.65 million. Finally, it is also worthwhile to note that Hess has been recognized for its sustainability performance.
Hess Corporation HES News Analytics from Wed, 13 Mar 2024 20:20:05 GMT to Sat, 15 Feb 2025 08:31:44 GMT - Rating 4 - Innovation 5 - Information 7 - Rumor -4
