Hess Corporation (HES) has been making significant strides in recent times, with many considering it as an appealing buy amongst crude oil and gas stocks. Several investment groups and hedge funds have been purchasing new positions or increasing their stake in the corporation, implying collective bullish sentiment. Their confident perspective on HES aligns with billionaire investor D.E Shaw, who has recently shown a strong bullish sentiment towards the stock. Despite certain holdings being reduced by organizations such as the National Pension Service and Illinois Municipal Retirement Fund, other investors like Carlson Capital and Bank of New York Mellon Corp have taken the opportunity to capitalize on Hess's potential, purchasing additional shares. HES's regular declaration of dividends reinforces their financial strength. Several Wall Street Analysts predicted optimistic outcomes for HES's stock. Interestingly, there are significant discussions around a likely merger between Hess Corporation and Chevron Corp. Announcements indicate that the merger has received HSR clearance, and both corporations have obtained stockholder approval. However, some regulatory hurdles seem to be causing a delay despite the FTC finalizing consent. This anticipated merger, combined with strong Q4 earnings results, increased dividends, and general investor confidence, paints a promising picture of the future for HES.
Hess Corporation HES News Analytics from Tue, 28 May 2024 07:00:00 GMT to Sat, 01 Mar 2025 09:40:43 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -6
