South Dakota Investment Council and other investment bodies have sold thousands of
Hess Corporation shares. The council sold 26,683 shares, Bailard Inc. sold 1,838 shares, Samson Rock Capital sold 320,000 shares, and the New York State Common Retirement Fund sold 8,705 shares, amongst others. Meanwhile,
Chevron has finally completed its acquisition of Hess Corporation after FTC reversed orders against
John Hess from the Chevron board. Hess Corporation has been delisted from the S&P 500 after the conclusion of Chevron's $53bn acquisition, to be replaced by another entity. Some companies have still shown a burgeoning interest in Hess Corporation, with
Tabor Asset Management investing $9.81mn and
OneDigital Investment Advisors, making an investment of $369,000. Other firms that have also increased their stake include
Wealthfront Advisers,
Arizona State Retirement System, and
Sage Mountain Advisors.
Hess Corporation's shares performed relatively well, explaining the 'Moderate Buy' recommendation from analysts while some investment bodies are confident about its future following its merger with
Chevron.
Hess Corporation HES News Analytics from Thu, 10 Oct 2024 07:00:00 GMT to Sat, 19 Jul 2025 15:20:00 GMT -
Rating 2
- Innovation -5
- Information 7
- Rumor -2
