Hess Corporation (HES) has been featured extensively in recent news. The company has scheduled its earnings release date, and presently, there's a noticeable concentration on its upcoming merger with
Chevron. In fact, Chevron has purchased about 5% of Hess shares, exemplifying confidence in the union. Financial institutes are also actively adjusting their stakes in Hess. Invesco Ltd. and Bank of Nova Scotia acquired 83,534 and 384,595 shares respectively, while Fmr LLC and Franklin Resources sold off significant portions of their shares. Hess's consensus rating remains a '
Moderate Buy'. In a surprising update, the
FTC blocked John Hess' board role as the merger with Chevron advances. The company outperformed Q4 earnings and revenue expectations, signaling financial health despite acquisition hurdles. Marrkets are optimistic about HES stock, and it is noted as one of the
additional potential-rich geographies in Guyana and is committed to nation’s health system improvements. Hess has received clearance for the Chevron-Hess Merger, and the CEO is reported to be confident of the sale to Chevron going through.
Hess Corporation HES News Analytics from Tue, 28 May 2024 07:00:00 GMT to Sat, 12 Apr 2025 13:16:26 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor -3
