Recent reports show a fluctuation in
Hess Corporation's stock activity, with noted decreases by
Wolverine Asset Management LLC and
Principal Financial Group Inc, though counterbalanced by increased holdings from
Outfitter Financial, and
Alberta Investment Management Corp. Additionally,
ING Groep NV,
Strategic Financial Concepts LLC, and
Asset Management One Co made significant share purchases with the merger with
Chevron on the horizon. Analysts predict a strong performance for the corporation, with an adjusted price target, an outperform rating from Bernstein and promising Q4 2024 earning reports.
Hess Corp shows a profit increase in Q4, surpassing earnings and revenue estimates. However, these earnings were overshadowed by their production outlook, causing shares to fall by over 2%. The merger with
Chevron, despite initially receiving FTC approval, is facing delays due to regulatory issues and debates about the board role of CEO, John B Hess. Despite this, shareholders have approved the Chevron deal. The uncertainty surrounding the merger with Chevron and regulatory obstacles could influence future stock projections.
Hess Corporation HES News Analytics from Fri, 31 May 2024 07:00:00 GMT to Sat, 22 Feb 2025 12:35:38 GMT -
Rating -4
- Innovation 0
- Information 4
- Rumor -8
