HessHES
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 Q2 SEC filings by fund managers ($100M+ AUM)
15% more funds holding in top 10
Funds holding in top 10: 52 [Q1] → 60 (+8) [Q2]
13% more repeat investments, than reductions
Existing positions increased: 300 | Existing positions reduced: 265
0.32% more ownership
Funds ownership: 79.39% [Q1] → 79.71% (+0.32%) [Q2]
3% less capital invested
Capital invested by funds: $37.2B [Q1] → $36.2B (-$974M) [Q2]
2% less funds holding
Funds holding: 808 [Q1] → 791 (-17) [Q2]
18% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 93
74% less call options, than puts
Call options by funds: $333M | Put options by funds: $1.28B
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Scotiabank Paul Cheng 20% 1-year accuracy 9 / 44 met price target | 20%upside $167 | Sector Perform Maintained | 10 Oct 2024 |
BMO Capital Phillip Jungwirth 6% 1-year accuracy 1 / 16 met price target | 15%upside $160 | Outperform Maintained | 4 Oct 2024 |
Wolfe Research Doug Leggate 39% 1-year accuracy 9 / 23 met price target | 8%upside $150 | Outperform Upgraded | 30 Sept 2024 |
Wells Fargo Roger Read 41% 1-year accuracy 36 / 88 met price target | 8%upside $151 | Equal-Weight Maintained | 27 Sept 2024 |
UBS Josh Silverstein 50% 1-year accuracy 22 / 44 met price target | 24%upside $173 | Buy Maintained | 18 Sept 2024 |
Financial journalist opinion
Based on 16 articles about HES published over the past 30 days