In recent news, Hess Corporation's stake has been significantly raised by various investment groups and trust funds, noticeably in Nisa Investment Advisors LLC, OneDigital Investment Advisors LLC, Asset Management One Co. Ltd., and Avantra Family Wealth Inc. There's also been large growth in short interest. Questions remain regarding Chevron's disputed acquisition of Hess, amidst prolonged uncertainty. However, its positive growth potential resulted in Scotiabank raising the price target to $155. Hess Corporation's bullish performance is also indicated by its scheduled Q2 earnings release and its outperformance in the industry over the last six months. The tepid outlook on Hess' comeback is underlined by Hess exiting Suriname's Offshore Block 59 due to drilling risks. Nevertheless, there's also optimism such as UBS maintaining their 'buy' rating and Wall Street analysts reportedly predicting a climb in Hess Corporation's stock. In a momentous development, Hess Corporation began its operation on another platform, signaling its steady rebound. Still, some shares were sold by multiple entities including Samson Rock Capital LLP, Financiere des Professionnels Fonds d investissement inc., Perpetual Ltd and Keybank National Association OH, as Hess Corporation's trading volume took a significant 43.61% plunge.
Hess Corporation HES News Analytics from Wed, 20 Nov 2024 08:00:00 GMT to Sun, 13 Jul 2025 00:13:25 GMT -
Rating 7
- Innovation -2
- Information 6
- Rumor 3
