Hess
HES

$127.10

0.59%

Market Cap: $39.2B

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

Energy Petroleum Refining

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 8 analysts

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

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$145

14%

upside

Avg. target

$166

30%

upside

High target

$193

52%

upside

8 analyst ratings

3 positive

38%

5 neutral

63%

0 negative

0%

Citigroup Scott Gruber 12% 1-year accuracy 3 / 25 met price target	14%upside $145	Neutral Maintained	5 Sept 2024
Susquehanna Biju Perincheril 22% 1-year accuracy 11 / 49 met price target	17%upside $149	Neutral Maintained	4 Sept 2024
UBS Josh Silverstein 17% 1-year accuracy 6 / 35 met price target	51%upside $192	Buy Maintained	20 Aug 2024
Susquehanna Biju Perincheril 22% 1-year accuracy 11 / 49 met price target	19%upside $151	Neutral Maintained	19 Aug 2024
UBS Josh Silverstein 17% 1-year accuracy 6 / 35 met price target	52%upside $193	Buy Maintained	14 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about HES published over the past 30 days

Zacks Investment Research

Hess Rewards Stockholders With a 14.3% Quarterly Dividend Hike

HES expects its shareholders to receive roughly higher quarterly dividend after its merger with CVX gets completed.

Hess Rewards Stockholders With a 14.3% Quarterly Dividend Hike

Hess Becomes Oversold

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Hess presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

Hess Becomes Oversold

Hess Announces Increased Regular Quarterly Dividend On Common Stock

NEW YORK--(BUSINESS WIRE)--Hess Announces Increased Regular Quarterly Dividend On Common Stock.

Hess Announces Increased Regular Quarterly Dividend On Common Stock

Zacks Investment Research

Hess (HES) Seeks New Partner for Block 59 Offshore Suriname

Hess (HES) has until July 2025 to seek a new partner and proceed with the exploration activities at Block 59.

Hess (HES) Seeks New Partner for Block 59 Offshore Suriname

Be Aware Of The Cash Trap - 2 Strong Buy High-Yield Gems To Be Prepared

The "cash trap" is caused by investors flocking to high-yield, risk-free assets due to Fed rate hikes. This influx into money market funds could reverse if rates drop. When rates fall, investors may shift from money market funds to high-yield dividend stocks to maintain income. The need for quality picks will grow in this scenario. High-yield, high-quality dividend stocks with strong business models and solid balance sheets could benefit most, offering both income and stability as the market evolves.

Be Aware Of The Cash Trap - 2 Strong Buy High-Yield Gems To Be Prepared

The Motley Fool

Chevron Has a Lot of Growth Coming Down the Pipeline, Despite Delays for Its Needle-Moving Hess Acquisition

Chevron has numerous projects coming online over the next few years. The oil giant can organically grow its free cash flow at a double-digit percentage annual rate.

Chevron Has a Lot of Growth Coming Down the Pipeline, Despite Delays for Its Needle-Moving Hess Acquisition

Exclusive: Hess Guyana's secret value becomes part of Exxon arbitration, sources say

An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, four people familiar with the matter said.

Exclusive: Hess Guyana's secret value becomes part of Exxon arbitration, sources say

Zacks Investment Research

Buy These 5 Year-to-Date Laggards With Solid Near-Term Upside

We have narrowed our search to five large-cap stocks that have lagged the market year to date. These are: DDOG, SHOP, PFE, HES, PCG.

Buy These 5 Year-to-Date Laggards With Solid Near-Term Upside

Zacks Investment Research

3 Reasons Why Growth Investors Shouldn't Overlook Hess (HES)

Hess (HES) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Growth Investors Shouldn't Overlook Hess (HES)

Chevron Options Still Offer Better Prospects Than Hess

Chevron Options Still Offer Better Prospects Than Hess

Chevron Options Still Offer Better Prospects Than Hess

See News Rankings