Hess
About: Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2023, the company reported net proved reserves of 1.4 billion barrels of oil equivalent. Net production averaged 391 thousand barrels of oil equivalent per day in 2023, at a ratio of 74% oil and natural gas liquids and 26% natural gas.
Employees: 1,756
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% less repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 287
1% less funds holding
Funds holding: 792 [Q2] → 782 (-10) [Q3]
1.56% less ownership
Funds ownership: 80.89% [Q2] → 79.33% (-1.56%) [Q3]
10% less capital invested
Capital invested by funds: $36.8B [Q2] → $33.2B (-$3.61B) [Q3]
11% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 89
17% less funds holding in top 10
Funds holding in top 10: 60 [Q2] → 50 (-10) [Q3]
52% less call options, than puts
Call options by funds: $289M | Put options by funds: $607M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Susquehanna Biju Perincheril 47% 1-year accuracy 33 / 70 met price target | 5%upside $154 | Neutral Maintained | 18 Oct 2024 |
Scotiabank Paul Cheng 26% 1-year accuracy 10 / 38 met price target | 14%upside $167 | Sector Perform Maintained | 10 Oct 2024 |
BMO Capital Phillip Jungwirth 36% 1-year accuracy 5 / 14 met price target | 9%upside $160 | Outperform Maintained | 4 Oct 2024 |
Wolfe Research Doug Leggate 50% 1-year accuracy 9 / 18 met price target | 2%upside $150 | Outperform Upgraded | 30 Sept 2024 |
Wells Fargo Roger Read 39% 1-year accuracy 33 / 85 met price target | 3%upside $151 | Equal-Weight Maintained | 27 Sept 2024 |
Financial journalist opinion
Based on 10 articles about HES published over the past 30 days
