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)
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
5% less first-time investments, than exits
New positions opened: 81 | Existing positions closed: 85
1.39% less ownership
Funds ownership: 80.89% [Q2] → 79.5% (-1.39%) [Q3]
10% less capital invested
Capital invested by funds: $36.8B [Q2] → $33.2B (-$3.54B) [Q3]
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
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 51%upside $193 | Overweight Upgraded | 9 Dec 2024 |
Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target | 27%upside $163 | Neutral Maintained | 6 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 44%upside $185 | Buy Maintained | 3 Dec 2024 |
Susquehanna Biju Perincheril 21% 1-year accuracy 15 / 71 met price target | 20%upside $154 | Neutral Maintained | 18 Oct 2024 |
Scotiabank Paul Cheng 13% 1-year accuracy 6 / 45 met price target | 30%upside $167 | Sector Perform Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 5 articles about HES published over the past 30 days
