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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 76
1% less funds holding
Funds holding: 792 [Q2] → 788 (-4) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 287 | Existing positions reduced: 290
1.51% less ownership
Funds ownership: 81.4% [Q2] → 79.89% (-1.51%) [Q3]
10% less capital invested
Capital invested by funds: $37B [Q2] → $33.4B (-$3.61B) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 60 [Q2] → 50 (-10) [Q3]
54% less call options, than puts
Call options by funds: $292M | Put options by funds: $628M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$163
8%
upside
Avg. target
$180
19%
upside
High target
$193
28%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Wells Fargo Roger Read 41% 1-year accuracy 43 / 104 met price target | 28%upside $193 | Overweight Upgraded | 9 Dec 2024 |
Citigroup Scott Gruber 53% 1-year accuracy 36 / 68 met price target | 8%upside $163 | Neutral Maintained | 6 Dec 2024 |
UBS Josh Silverstein 60% 1-year accuracy 28 / 47 met price target | 22%upside $185 | Buy Maintained | 3 Dec 2024 |
Financial journalist opinion
Based on 8 articles about HES published over the past 30 days
Neutral
Reuters
3 days ago
US FTC finalizes consent order for $53 bln Chevron-Hess merger
The U.S. Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron's $53 billion takeover of Hess.
Positive
Zacks Investment Research
1 week ago
Will Hess (HES) Beat Estimates Again in Its Next Earnings Report?
Hess (HES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Zacks Investment Research
1 week ago
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Positive
Reuters
1 week ago
Hess CEO offers upbeat oil demand forecast, says Guyana's potential barely scratched
Hess CEO John Hess on Tuesday said he sees the oil market as closer to being balanced than oversupplied this year, despite worries about demand from China and greater production from U.S. and non-OPEC producers.
Neutral
Business Wire
2 weeks ago
Hess Named to Dow Jones Sustainability Index and Wall Street Journal's List of Top 250 Best Managed Companies
NEW YORK--(BUSINESS WIRE)--Hess Named to Dow Jones Sustainability Index and Wall Street Journal's List of Top 250 Best Managed Companies.
Neutral
Business Wire
2 weeks ago
Hess Schedules Earnings Release Date
NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.
Positive
Seeking Alpha
3 weeks ago
My New Year's Resolution For 2025: Invest $10,000 In These 6 Stocks
I review here the stocks of six quality companies that I am convinced will bring me closer to my ambitious goal of being able to fund my living expenses through dividends. Dividend growth investing is not a get-rich-quick strategy, it requires commitment and a long-term mindset. Making a New Year's resolution is a great way to help maintain that mindset. I discuss two scenarios of hypothetical investors who start their journey in 2025. I detail the significant impact a long-term commitment – even without additional investments – can make.
Positive
MarketBeat
3 weeks ago
Hedge Funds Boost Oil Positions: Is a Major Rally on the Horizon?
Whenever retail investors can get their hands on the latest set of investment flow data, they should pay attention to it. Not only to figure out who is buying what and what asset classes – or individual stocks – might come into favor in the following months but actually so that they can connect the dots with whatever trends and themes are developing in the broader markets and economy.
Neutral
Business Wire
1 month ago
Hess to Participate in Goldman Sachs Energy, CleanTech and Utilities Conference
NEW YORK--(BUSINESS WIRE)--Hess to Participate in Goldman Sachs Energy, CleanTech and Utilities Conference.
Neutral
Reuters
1 month ago
Exxon wants to extract its value from Hess Guyana assets, CEO says
Exxon Mobil want to "participate" in Hess Corp.'s sale of its Guyana oil production assets, and extract value from the work it has put into developing the country's offshore fields, two of its top executives said on Wednesday.
Charts implemented using Lightweight Charts™