Hess Corporation (HES) is attracting significant attention in the gas market with high interest from a range of big players. Solid investments are rolling in, such as Envestnet Portfolio Solutions’ $490,000 stake and Highbridge Capital Management declaring it as their 5th largest position. Hess is also gaining traction in the healthcare sector, extending a substantial initiative to transform Guyana’s health system. There's significant buzz about Chevron purchasing a 5% share of Hess and expressing confidence in a prospective merger. Predictions among Wall Street analysts are mixed on the stock’s trajectory, many see potential for growth, with Wolfe Research upgrading the price target from $155 to $175, maintaining an outperform rating. Hess also holds a current dividend of $0.50, indicating a stable financial health. Hess Corporation has also delivered strong Q4 2024 earnings and shows promising future performance with extensive investments from major corporations, despite mitigated by Chevron-Hess merger delay. The company is named to impressive lists including Dow Jones Sustainability Index & Wall Street Journal’s Top 250 Best Managed Companies, indicating positive market impressions. One note of caution, though, as the corporation faces uncertainty with Chevron's acquisition and regulatory hurdles.
Hess Corporation HES News Analytics from Fri, 12 Jul 2024 07:00:00 GMT to Sun, 30 Mar 2025 00:38:51 GMT -
Rating 8
- Innovation 0
- Information 6
- Rumor -5
