HessHES
Market Cap: 46.3B
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 Q1 SEC filings by fund managers ($100M+ AUM)
58% more funds holding in top 10
Funds holding in top 10: 33 [Q4 2023] → 52 (+19) [Q1 2024]
1% more capital invested
Capital invested by funds: $36.2B [Q4 2023] → $36.6B (+$332M) [Q1 2024]
2% less funds holding
Funds holding: 815 [Q4 2023] → 798 (-17) [Q1 2024]
3.84% less ownership
Funds ownership: 81.86% [Q4 2023] → 78.02% (-3.84%) [Q1 2024]
15% less first-time investments, than exits
New positions opened: 94 | Existing positions closed: 111
17% less repeat investments, than reductions
Existing positions increased: 260 | Existing positions reduced: 313
43% less call options, than puts
Call options by funds: $742M | Put options by funds: $1.31B
Research analyst outlook
12 Wall Street Analysts provided 1 year price forecasts over the past 6 months
12 analyst ratings
Susquehanna Biju Perincheril | 10%upside $166 | Neutral Maintained | 22 Jul 2024 |
Bernstein Bob Brackett | 14%upside $172 | Outperform Upgraded | 17 Jul 2024 |
Scotiabank Paul Cheng | 4%upside $157 | Sector Perform Maintained | 12 Jul 2024 |
Citigroup Scott Gruber | 6%upside $160 | Neutral Maintained | 5 Jun 2024 |
Susquehanna Biju Perincheril | 11%upside $167 | Neutral Maintained | 16 May 2024 |
Financial journalist opinion
Based on 17 articles about HES published over the past 30 days