最新ニュース Hess (NYSE:HES) 株価情報

Hess

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.

News

Movers

株主たちがチェブロン・コープ (NYSE:CVX) との530億ドルの合併を承認した後、 ヘス社 (NYSE:HES) の株価が動いている（火曜日）。

ヘスの株主は、シェブロンとの530億ドルの合併を承認した

Hess Corp

HERMES INTL SA by Hermes International SA

Hermes International SA

HERMES INTL SA UNSP/ADR by Hermes International SA

HEALTH SCIENCES GROUP INC by Health Sciences Group, Inc.

Health Sciences Group Inc

Hess Midstream LP Class A Representing Limited Partner Interests

Hess Midstream LP

HOME ENERGY SAVINGS CORP by Home Energy Savings Corp.

<a href="https://www.wolferesearch.com/eventsandconferences/" title="https://www.wolferesearch.com/eventsandconferences/">https://www.wolferesearch.com/eventsandconferences/</a>

Hess CEO Urges Trump Administration To Fill Up The Strategic Petroleum Reserve At A More Accelerated Rate

<a href="https://www.wolferesearch.com/eventsandconferences/">https://www.wolferesearch.com/eventsandconferences/</a>&nbsp;

Hess CEO On Nuclear Energy Use By Megatech, "That's A Pipedream", Says NatGas Will Be The Fuel Of Choice

Hess CEO Says Between President-Elect Trump And China, Demand For Oil Will Be Stronger Next Year

WIIM

FANG

SHEL

Shares of energy and oil stocks are trading higher amid a rise in the price of oil, which gained on Russia-Ukraine tensions and a Norway oilfield shutdown.

Whales with a lot of money to spend have taken a noticeably bearish stance on Hess.
Looking at options history for Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $113,290 and 7, calls, for a total amount of $232,048.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $160.0 for Hess over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Hess's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Hess's whale trades within a strike price range from $85.0 to $160.0 in the last 30 days. 
<h3>Hess Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731960023_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HES</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$12.3</td>
<td>$11.1</td>
<td>$11.26</td>
<td>$140.00</td>
<td>$45.0K</td>
<td align="right">57</td>
<td align="right">107</td>
</tr>
<tr>
<td>HES</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$21.2</td>
<td>$19.9</td>
<td>$21.2</td>
<td>$140.00</td>
<td>$42.0K</td>
<td align="right">108</td>
<td align="right">32</td>
</tr>
<tr>
<td>HES</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.1</td>
<td>$3.6</td>
<td>$3.6</td>
<td>$155.00</td>
<td>$39.6K</td>
<td align="right">598</td>
<td align="right">110</td>
</tr>
<tr>
<td>HES</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$16.0</td>
<td>$13.5</td>
<td>$14.0</td>
<td>$145.00</td>
<td>$35.0K</td>
<td align="right">14</td>
<td align="right">70</td>
</tr>
<tr>
<td>HES</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$13.3</td>
<td>$12.6</td>
<td>$13.3</td>
<td>$145.00</td>
<td>$33.2K</td>
<td align="right">14</td>
<td align="right">25</td>
</tr>
</tbody>
</table>

<h3>About Hess</h3>
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.
Having examined the options trading patterns of Hess, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Hess</h3>
<ul>
<li>With a trading volume of 551,925, the price of HES is up by 1.02%, reaching $147.12.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 72 days from now.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Hess, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Hess's Options: A Look at What the Big Money is Thinking

Disclosed on November 13, Geurt G Schoonman, Senior Vice President at Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000004447/000095017024125835//Archives/edgar/data/4447/000095017024125835/0000950170-24-125835-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Schoonman sold 6,000 shares of Hess. The total transaction amounted to $851,460. 
Hess's shares are actively trading at $140.79, experiencing a down of 0.0% during Wednesday's morning session.
<h3>Get to Know Hess Better</h3>
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.
<h3>Breaking Down Hess's Financial Performance</h3>
Revenue Growth: Over the 3 months period, Hess showcased positive performance, achieving a revenue growth rate of 13.96% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 78.09%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.62, Hess showcases strong earnings per share.
</li>
</ul>
Debt Management: Hess's debt-to-equity ratio stands notably higher than the industry average, reaching 0.88. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 16.41 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 3.41 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 7.27 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Relevance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000004447">Check Out The Full List Of Hess's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Geurt G Schoonman Executes Sell Order: Offloads $851K In Hess Stock

John B Hess, Chief Executive Officer at Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), executed a substantial insider sell on November 7, according to an SEC filing.
What Happened: Hess opted to sell 543,679 shares of Hess, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000004447/000095017024123518//Archives/edgar/data/4447/000095017024123518/0000950170-24-123518-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The transaction's total worth stands at $77,835,860.
Tracking the Friday's morning session, Hess shares are trading at $142.75, showing a down of 0.0%.
<h3>Get to Know Hess Better</h3>
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.
<h3>Key Indicators: Hess's Financial Health</h3>
Revenue Growth: Hess's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 13.96%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 78.09%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Hess's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.62.
</li>
</ul>
Debt Management: Hess's debt-to-equity ratio surpasses industry norms, standing at 0.88. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 16.64 is lower than the industry average, implying a discounted valuation for Hess's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 3.46, Hess's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 7.36, Hess demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000004447">Check Out The Full List Of Hess's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

John B Hess Takes Money Off The Table, Sells $77.84M In Hess Stock

CSAN

KLXE

NCSM

NINE

PUMP

RCON

Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

Updated 2024 Full Year Guidance:
<ul>
<li>E&amp;P capital and exploratory expenditures are expected to be approximately $4.9 billion, up from previous guidance of $4.2 billion, reflecting the decision to accelerate the purchase of the Liza Destiny and Prosperity floating production, storage and offloading vessels (FPSOs) to the fourth quarter of 2024 instead of in 2025</li>
</ul>

Guidance

Hess Raises FY24 E&P Capex Outlook To $4.9B from $4.2B Prior

Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) reported quarterly earnings of $2.14 per share which beat the analyst consensus estimate of $1.77 by 20.9 percent. This is a 30.49 percent increase over earnings of $1.64 per share from the same period last year. The company reported quarterly sales of $3.197 billion which beat the analyst consensus estimate of $2.822 billion by 13.31 percent. This is a 12.69 percent increase over sales of $2.837 billion the same period last year.

Earnings

Earnings Beats

Hess Q3 2024 Adj. EPS $2.14 Beats $1.77 Estimate, Sales $3.197B Beat $2.822B Estimate

DWSN

EQNR

Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

Occidental Petroleum Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>) is down 13.4% in 2024 and over 20% in the last 12 months. However, that hasn&#39;t seemed to bother Warren Buffett one bit. His Berkshire Hathaway Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-b#NYSE">BRK-B</a>) portfolio has continued to buy OXY stock. As of this writing, Berkshire owns approximately 29% of Occidental, with regulatory approval to buy up to 50%.
Conversely, in the last quarter, Berkshire Hathaway sold 4.3 million shares of Chevron Corp. (NYSE: CVX). However, since the fourth quarter of 2022, Buffett has sold CVX stock on seven occasions, totaling 73.08 shares. &nbsp;
It&#39;s not&nbsp;surprising that Buffett likes&nbsp;<a href="https://www.marketbeat.com/stocks/sectors/oils-energy/" rel="noopener" target="_blank">energy stocks,</a> including oil stocks. According to the International Energy Agency (IEA), fossil fuel demand is expected to peak in 2030. That&#39;s a nod to the growth in renewable energy solutions, which&nbsp;are starting to grow at scale. &nbsp;
That would seem bearish for oil, but if you knew that notebook paper would be extinct in 10 years, you&#39;d probably be buying stock in any company that sold pens. That&#39;s the opportunity in oil. Plus, the reality is that even if oil demand peaks in 2030 (a big if), it won&#39;t be like flipping off a light switch. &nbsp;
Even if oil stock prices are cyclical, many of these companies pay a solid, growing dividend and perform regular share buybacks to increase shareholder value. Those are two things that align with Buffett&#39;s investment philosophy. &nbsp;
<h3>Why Buffett Likes OXY Stock</h3>
Warren Buffett has made no secret of his admiration for Occidental&#39;s CEO, Vicki Hollum. In 2019, the company acquired Anadarko for $55 billion, which created a significant level of debt. However, it has cut that debt by more than 50%, and the expectation of higher oil prices will allow the company to continue that effort. &nbsp;
The price of oil is another reason why Buffett likes Occidental. The company generates the bulk of its revenue from its upstream drilling business. That means when oil prices rise, Occidental will benefit more than a company like Chevron. &nbsp;
However, a key reason Buffett prefers OXY stock is an investment he made in the company before becoming a shareholder. Specifically, Berkshire delivered $10 billion to help Occidental win a bidding war with Chevron for Andarko. At that time, Occidental rewarded Berkshire with $10 billion in preferred stock, which has an 8% annual yield. Berkshire also owns warrants to purchase up to 80 million shares of OXY common stock. &nbsp;
<h3>The Straw Man Fallacy: Liking Occidental Doesn&#39;t Mean Hating Chevron</h3>
You&#39;ve likely seen it happen: someone says, &quot;I like pancakes,&quot; and the response is, &quot;So you hate waffles.&quot;
That&#39;s an example of a straw man argument where the original statement (liking pancakes) is oversimplified or exaggerated to mean they must hate waffles as if that was the only choice. &nbsp;&nbsp;
Investors should be careful not to create a straw man argument for Occidental Petroleum and against Chevron. Warren Buffett does, in fact, not hate Chevron. He started buying CVX stock around the same time he started buying OXY stock. However, looking at his buying and selling activity suggests that the CVX price (not the valuation) may have become too rich for Buffett. Chevron has also been tied up in a legal battle regarding its merger with Hess Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>), which won&#39;t be finalized until 2025.&nbsp;
In fact, Berkshire Hathaway owns approximately 6% of CVX stock, and it remains the fifth largest holding of Berkshire-Hathaway, just ahead of, you guessed it, Occidental Petroleum.&nbsp;
<h3>OXY Vs. Chevron: Which Stock Fits Your Investment Strategy?</h3>
In the final analysis, it&#39;s clear that Warren Buffett is still a fan of both Occidental Petroleum and Chevron. The combined companies account for approximately 10% of Berkshire Hathaway&#39;s entire portfolio. &nbsp;If you put the combined amount of the two companies&#39; stocks that Berkshire owns, only Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) would carry more weight on a percentage basis. &nbsp;
However, at this time, for the reasons listed above, OXY is Buffett&#39;s preference. However, the right investment for you depends on your particular investment strategy. For example, if you&#39;re an income investor, it&#39;s important to note that Chevron pays a much more attractive dividend with a yield of 4.38%. And that dividend has been growing at an annualized annual rate of 5.38% over the last three years. That&#39;s nearly twice the rate of the current rate of inflation. &nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-buffett-loves-occidental-stock-and-what-it-means-for-chevron/">Why Buffett Loves Occidental Stock And What It Means for Chevron</a>&quot; first appeared on MarketBeat.

General

AAPL

BRK-B

Why Warren Buffett Loves Occidental Stock And What It Means For Chevron

13 analysts have expressed a variety of opinions on Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Hess, revealing an average target of $165.0, a high estimate of $194.00, and a low estimate of $145.00. Highlighting a 4.94% decrease, the current average has fallen from the previous average price target of $173.58. 
<img src="https://www.benzinga.com/files/images/story/2024/1729256498_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Hess by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$154.00</td>
<td>$149.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$167.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Doug Leggate</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$150.00</td>
<td>-</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$151.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$173.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$194.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$149.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$192.00</td>
<td>$193.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$151.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$193.00</td>
<td>$212.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$166.00</td>
<td>$167.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hess. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hess compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Hess's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Hess's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/HES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hess analyst ratings.</a>
<h2>Unveiling the Story Behind Hess</h2>
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.
<h3>Hess: Delving into Financials</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Hess displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 39.89%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 23.64%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Hess's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.44%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.0%, the company showcases effective utilization of assets.
Debt Management: Hess's debt-to-equity ratio stands notably higher than the industry average, reaching 0.94. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Cracking The Code: Understanding Analyst Reviews For Hess

Susquehanna analyst Biju Perincheril maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Neutral and raises the price target from $149 to $154.

Price Target

Susquehanna Maintains Neutral on Hess, Raises Price Target to $154

CRGY

EONR

INDO

MTDR

TRGP

Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

As geopolitical tensions between Iran and Israel escalate, the global energy markets are once again on edge. Recent developments, including Iranian missile strikes on Tel Aviv and Israel&#39;s ground operations in southern Lebanon, have rattled investor confidence. The rising fear that the conflict in the Middle East could disrupt supply from key oil-producing nations has already triggered a surge in oil prices.
The effects of market volatility are generally more subdued for the midstream energy sector, which plays a critical role in transporting and storing oil and natural gas. These companies&#39; operational models are designed to offer stability, largely insulated from fluctuating commodity prices. In the current climate of uncertainty, midstream firms are proving their resilience by maintaining steady revenue streams through long-term contracts, even as oil prices spike.
<h2>Stability in Unstable Times</h2>
Midstream energy companies, which manage essential infrastructure like pipelines and storage facilities, typically operate under long-term &quot;take-or-pay&quot; contracts. These contracts guarantee that shippers, such as oil producers, pay for reserved capacity regardless of how much they use&nbsp;it. This framework ensures that&nbsp;midstream firms receive stable revenues, independent of short-term shifts in oil prices or demand fluctuations.
This unique model allows midstream players to secure predictable cash flows and earnings, even during market turmoil. As oil prices climb due to concerns over supply disruptions, midstream companies can benefit from increased production activity and higher throughput in their pipelines without being directly exposed to the volatility of oil prices.
<h2>Leveraging Oil Price Increases</h2>
While midstream firms are generally insulated from price swings, rising oil prices can still create growth opportunities. In particular, higher oil prices encourage producers to ramp up output, especially in the key U.S. basins like the Permian. This, in turn, drives the volumes transported by midstream companies and boosts the demand for storage services, as producers may choose to hold onto crude until prices peak.
By capitalizing on the increased production and transportation activity, midstream companies can see revenue growth through higher tariffs on their pipelines and enhanced utilization of storage assets.
<h2>Midstream Leaders: EPD, MPLX &amp; HESM</h2>
Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>): With a substantial portion of its revenues coming from long-term, fee-based contracts, EPD remains largely insulated from commodity price volatility. The company&#39;s extensive crude oil pipeline infrastructure, particularly in the Permian Basin, positions it to benefit from increased production activity as oil prices rise.
MPLX LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>): Through its strong partnership with Marathon Petroleum Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpc#NYSE">MPC</a>), MPLX secures consistent revenues via long-term agreements with minimum volume commitments. This predictable income stream, combined with its expansive network of pipelines in key U.S. regions, allows MPLX to capitalize on higher oil prices through increased throughput and demand for storage services.
Hess Midstream (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hesm#NYSE">HESM</a>): Generating nearly all its revenues from long-term, fee-based contracts with Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>), Hess Midstream is shielded from commodity price fluctuations. HESM&#39;s predictable income model, combined with increased production by Hess in times of higher oil prices, provides growth opportunities tied to greater volumes across its infrastructure.
<a href="https://www.zacks.com/stock/news/2349423/3-midstream-stocks-poised-to-benefit-as-geopolitical-tensions-rise?cid=CS-BENZ-FT-analyst_blog|industry_focus-2349423">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Contracts

HESM

MPLX

3 Midstream Stocks Poised to Benefit as Geopolitical Tensions Rise

Scotiabank analyst Paul Cheng maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Sector Perform and raises the price target from $157 to $167.

Scotiabank Maintains Sector Perform on Hess, Raises Price Target to $167

With so many news items clamoring for investors&#39; attention, investors may not have noticed that the U.S. Federal Trade Commission (FTC) approved the merger between Chevron Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) and Hess Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>). The approval came with the single stipulation that former Hess chief executive officer (CEO) would not join Chevron&#39;s board of directors.&nbsp;
The approval was widely expected but has been an additional headwind for Chevron shareholders. Since the announcement, the stock is up nearly 4% and is now trading positive in 2024. That&#39;s still a far cry from rival Exxon Mobil Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) which is up 21.9% for the year and is near its 52-week high, which would also be its all-time high. &nbsp;
That may make CVX stock look quite attractive to value-hunting investors prior to the company&#39;s earnings report on November 1, 2024. Here are some things for investors to consider.&nbsp;
<h2>Chevron-Hess Merger Moves Forward, But Delays Persist</h2>
The FTC approval is a key step in finalizing the merger between the two oil giants, which was approved by Hess shareholders in May. But one hurdle remains. Chevron and Exxon Mobil are in arbitration regarding pre-emptive rights with Hess&#39; Stabroek Block assets in Guyana.&nbsp;
Chevron is still confident that arbitrators will rule in the company&#39;s favor. And when it is approved, Chevron will have increased influence in the oil markets. However, both sides acknowledge that the merger won&#39;t be finalized for another 12 months. &nbsp;&nbsp;
<h2>It&#39;s Still a Challenging Year for Oil Stocks&nbsp;</h2>
On a broad basis, oil prices are still a reflection of supply and demand. That is, the market is well supplied, and there appears to be only moderate demand. It&#39;s a contradiction to the consensus belief that the consumer is healthy. &nbsp;
That&#39;s why investors in energy stocks were optimistic to start the year. The belief at the time was that the Federal Reserve would have cut interest rates several times by now. In theory, the cuts would stimulate demand and raise the price of oil. Instead, there&#39;s been just one rate cut, albeit of 50 basis points, and it&#39;s too early to tell if it will stimulate demand. &nbsp;
Oil is also not following the script regarding geopolitical tensions. Despite much of the Middle East being on war footing, the price of oil has not spiked as it has at other times. One reason for that is that the OPEC+ nations have decided to lift their production freeze beginning in December. &nbsp;
<h2>The Reasons to Buy CVX Stock Haven&#39;t Changed&nbsp;</h2>
Does the merger approval signal the all-clear for investors to buy CVX stock? Yes, in the fact that it probably sets a higher floor. Analysts give CVX stock about an 18% upside with a price target of $179. &nbsp;
However, many analysts have been lowering their price targets on Chevron over the past 60 days. That&#39;s likely due to concerns about oil demand, which is typical of the industry&#39;s cyclical nature.
However, there are reasons why Chevron is one of the most widely held dividend stocks. For starters, it is one of the largest integrated oil companies in the world. Even without the Hess assets, the company is well positioned to meet the world&#39;s demand for oil, which is always cyclical and will eventually recover. &nbsp;
In fact, the International Energy Agency (IEA) predicts that oil and natural gas will remain vital to the world&#39;s energy needs through at least 2050 and likely beyond. Nevertheless, Chevron is also working purposefully to carve out a position in the renewable energy space.&nbsp;
And Chevron is a fundamentally sound company. Its rock-solid balance sheet includes a debt-to-equity ratio of just 0.13. This gives the company the firepower to take on leverage in downtimes without compromising its commitment to shareholders. &nbsp;
Proof of that commitment is found in the company&#39;s commitment to its dividend. Chevron has increased its dividend for 37 consecutive years. The dividend has a current yield of 4.37% and has been growing at an average pace in the last three years that&#39;s more than double the current rate of inflation. &nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/chevron-hess-merger-approved-should-you-buy-before-earnings/">Chevron-Hess Merger Approved: Should You Buy Before Earnings?</a>&quot; first appeared on MarketBeat.

Dividends

Chevron-Hess Merger Approved: Should You Buy Before Earnings?

The stock market&#39;s insatiable appetite for high-growth stories often leaves a trail of undervalued opportunities in its wake. Blue-chip stocks are the corporate world&#39;s stalwarts and frequently get overshadowed by the allure of the latest market darlings. This creates a unique opportunity for investors seeking stability and consistent returns, offering the potential for capital appreciation and attractive dividend yields.
<h2>Cisco Systems: Networked for Value and Dividends</h2>
Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>) is a tech sector giant with a legacy, and the company is proving that it can still be a powerhouse in today&#39;s changing market. The company designs, manufactures, and sells a comprehensive portfolio of Internet Protocol-based networking products and services. Cisco&#39;s product portfolio spans switching, routing, wireless, security, collaboration, computing, and more, serving businesses of all sizes, public institutions, governments, and service providers. Cisco distributes its products through direct sales, system integrators, and a global network of distributors.
Cisco&#39;s robust business model and solid financial performance make it a compelling investment for those seeking capital appreciation and a consistent income stream. The company recently delivered solid second-quarter results for fiscal year 2024, and its current dividend yield of 3.05% underscores Cisco&#39;s commitment to shareholder value.
A closer look at Cisco&#39;s valuation reveals potential undervaluation. Its current P/E ratio of 17.65 sits below the industry average of 38.5, suggesting that the market may undervalue Cisco&#39;s future earnings potential. A lower P/E ratio indicates that investors pay less for each dollar of Cisco&#39;s earnings when compared to its peers. Additionally, Cisco&#39;s P/B ratio of 4.6, which measures its market capitalization relative to its book value, suggests a potential discount.
Cisco&#39;s solid fundamentals, combined with its attractive dividend yield and potential for undervaluation, make it a strong contender for value and dividend investors. Moreover, Cisco&#39;s MarketRank score, which measures the overall quality of a company, places Cisco in the 98th percentile, indicating that the company is ranked higher than 98% of companies evaluated by MarketBeat. This suggests that Cisco&#39;s financial health and growth potential are strong.
<h2>Dow Inc.: A High-Yield Dividend Play&nbsp;</h2>
Dow Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dow#NYSE">DOW</a>) is a global leader in manufacturing and distributing specialty chemicals, advanced materials, and plastics, and it has emerged as a compelling opportunity for investors seeking a balance of growth and income. While Dow has faced some recent challenges, its 5.06% dividend yield is a testament to its commitment to shareholder returns. The dividend yield makes Dow a compelling consideration, particularly in an environment where many investors seek stability and a steady income stream.
Since its spin-off from DuPont in 2019, Dow has carved out a strong position in the materials science sector, operating in three principal divisions: Performance Materials &amp; Coatings, Industrial Intermediates &amp; Infrastructure, and Packaging &amp; Specialty Plastics. These divisions cater to many industries, including automotive, construction, electronics, and food manufacturing.
Dow&#39;s stock price has exhibited relative volatility recently due to missed earnings expectations and fluctuating profit numbers. However, it&#39;s essential to consider that Dow shares have experienced a remarkable rise of approximately 115% over the past four years. This long-term upward trajectory suggests a strong foundation and potential for further growth.
Dow&#39;s strong brand recognition, diversified product portfolio, and focus on innovation and sustainability drive its current valuation, with Dow&#39;s analyst community predicting a 5% upside on the stock. It is also essential to consider that Dow&#39;s debt levels have steadily decreased over the past few years, signifying a commitment to fiscal responsibility.
Despite the challenges and volatile market conditions, Dow&#39;s position as a global leader in the materials science sector, coupled with its solid dividend yield, makes it a compelling investment opportunity. Dow Inc. could be a worthwhile addition to your portfolio for investors seeking a well-established company with a strong dividend and potential for growth.
<h2>Chevron Corp.: Energy Fueled by Growth and a Generous Dividend</h2>
Chevron Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) is a leading integrated energy company known for its stability and 37-year commitment to delivering consistent and increasing returns to shareholders. This integrated energy giant offers investors a strong 4.32% dividend yield, with an annual dividend far outpacing its peers.
Chevron&#39;s recent acquisition of Hess Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>) for $53 billion is a testament to its commitment to growth. The deal will add world-class assets to Chevron&#39;s portfolio, solidifying its position as a dominant player in the energy sector. While the acquisition faces legal challenges and potential delays, analysts expect it to ultimately be completed, adding further momentum to Chevron&#39;s growth trajectory.
The second quarter of 2024 saw Chevron deliver strong results, highlighting its healthy fundamentals. The company reported earnings of $4.4 billion, or $2.43 per share, for the quarter, demonstrating its ability to navigate a challenging market environment. The company&#39;s global production also rose by 11% during the quarter, driven by the successful integration of PDC Energy, strong execution in the Permian and DJ Basins, and a rise in the company&#39;s global exploration acreage position.
Chevron&#39;s appeal extends beyond its dividend yield. The company is a value investing favorite, with Warren Buffett&#39;s Berkshire Hathaway holding a significant 6.7% stake. This investment underscores Chevron&#39;s long-term stability and potential for capital appreciation.
<h2>Finding Value in Unassuming Giants</h2>
In a market obsessed with growth at any cost, a sense of caution and a focus on value can be a powerful strategy. These blue-chip stocks represent the bedrock of their respective industries, offering a steady stream of income and the potential for long-term growth. Remember, the market has proven that consistency often outperforms flashiness, so as you explore the market, take notice of these gems. They might just be the missing pieces you need to build a robust and resilient portfolio.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/these-3-blue-chips-slipped-under-the-markets-radar/">3 Blue Chip Opportunities the Market Overlooked&mdash;Now&#39;s Your Chance</a>&quot; first appeared on MarketBeat.

Earnings Misses

Offerings

Legal

Tech

CSCO

3 Blue Chip Opportunities the Market Overlooked—Now's Your Chance

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) shares are trading higher premarket on Monday. Chevron&#8217;s subsidiary penned a deal to sell a stake in several projects and assets to Canadian <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41202019/chevron-announces-us-6-5-bn-sale-of-its-interests-in-the-athabasca-oil-sands-project-and-duvernay-" rel="noreferrer noopener">Natural Resources for $6.5 billion in cash</a>.
In particular, the oil and gas giant plans to sell its 20% non-operated stake in the Athabasca Oil Sands Project, 70% operated interest in the Duvernay shale, and related Alberta assets.
This sale is part of Chevron&#8217;s plan to divest $10 billion-$15 billion in assets by 2028 to <a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36713815/chevron-eyes-sale-of-canadas-duvernay-shale-gas-assets-to-trim-portfolio-report" rel="noreferrer noopener">streamline its global energy portfolio</a>.
The deal, effective September 1, 2024, is expected to close in the fourth quarter of 2024, pending regulatory approvals.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41127001/analyst-questions-what-could-hess-be-worth-as-chevron-advances-in-acquisition-effor" rel="noreferrer noopener">Analyst Questions &#8216;What Could Hess Be Worth?&#8217; As Chevron Advances In Acquisition Efforts</a>
These acquisitions are expected to add approximately 122,500 BOE/d of production in 2025 and around 1,448 MMBOE in total proved plus probable reserves <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/41201955/canadian-natural-resources-limited-announces-the-acquisition-of-chevrons-alberta-assets-and-a-7-div" rel="noreferrer noopener">to Canadian Natural&nbsp;Resources portfolio</a>.
Scott Stauth, Canadian Natural&#8217;s President, said, &#8220;The light crude oil and liquids rich Duvernay assets fit well with our current operations in the area and will drive significant value from our area knowledge and significant experience in this type of resource play.&#8221;
Mark Stainthorpe, Canadian Natural&#8217;s Chief Financial Officer, said, &#8220;This is a great opportunity to add to our world class Oil Sands Mining and Upgrading asset at AOSP, as well as light crude oil and liquids rich assets in Alberta. Both of these acquisition properties are targeted to provide significant free cash flow generation on a go forward basis.&#8221;
&#8221;Having operated the AOSP mines and knowing the assets well, eliminates the risks associated with a brownfield or greenfield project. These transactions are immediately cash flow and earnings accretive to Canadian Natural shareholders.&#8221;
Along with this deal, Canadian Natural&#8217;s Board has approved a 7% dividend increase to $0.5625 per share, payable in January 2025, while post-acquisition free cash flow expected to be allocated 60% to shareholders and 40% to debt reduction unti<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/41201957/canadian-natural-resources-limited-announces-increased-quarterly-dividend" rel="noreferrer noopener">l net debt reaches $15 billion</a>.
Last month, Chevron announced that the Federal Trade Commission (FTC) completed an antitrust review of its merger with&nbsp;Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), satisfying a critical <a target="_blank" href="https://www.benzinga.com/government/24/09/41098199/ftc-clears-chevrons-53b-hess-merger-sets-restriction-for-john-hess" rel="noreferrer noopener">closing&nbsp;condition for the transaction</a>.
Investors can gain exposure to CVX via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;Westwood Salient Enhanced Energy Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEEI#NASDAQ">WEEI</a>).
Price Action: CVX shares are up 1.1% at $152.40 and CNQ shares rose 2.81% at $36.54 premarket at the last check Monday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41191633/us-energy-stocks-notch-biggest-weekly-gains-in-2-years-exxon-hits-record-highs-as" target="_blank" rel="noreferrer noopener">US Energy Stocks Notch Biggest Weekly Gains In 2 Years, Exxon Hits Record Highs As Crude Surges To $75 On Israel-Iran Jitters</a></li>
</ul>

Equities

Asset Sales

DRLL

WEEI

Chevron Sells $6.5B Assets To Canadian Natural Resources: Details

Short sellers cut bets against S&P 500 energy stocks amid earnings season

Republican lawmakers question FTC over reviews of energy deals - Fox Business

Top Merger Stocks Held By Fund Managers, Mid-Q4 2024

Hess CEO says may appeal FTC's board seat ban when Trump takes office

Goldman's Hedge Fund VIP List: AMZN, VST, CRM, BABA, and more

BlackRock Event Driven Equity Fund Q3 2024 Commentary

Fourth oil production vessel for Guyana to depart in Q1 2025, Hess CEO says

Analysts fell to the sidelines weighing in on Hess (HES – Research Report) and TC Energy (TRP – Research Report) with neutral ratings, indicating t...

Analysts Offer Insights on Energy Companies: Hess (HES) and TC Energy (TRP)

Hess Corporation: All Avenues Lead To Guyana

Exxon-led group ends talks with Guyana over shallow water oil block, government says

ALIT

AMZN

ANSS

AVGO

BABA

BATL

BKNG

CORZ

CPNG

CPRI

CTLT

CVNA

EXPE

FLUT

GOOGL

INSM

JNPR

LBRDK

MELI

MSFT

NFLX

NISTF

NONOF

NPSCY

NTRA

NVDA

NVST

PYPL

SAVE

SBFFF

SMAR

SPOT

TEVA

UBER

VLTO

VZIO

Commodities

Small Cap

Press Releases

LiTHOS Announces Execution of Letter of Intent for Technology to Launch TiERRA™ Re-Injection Service

Hess Schedules Earnings Release Date

Hess Reports Estimated Results for the Second Quarter of 2024

Hess Announces Increased Regular Quarterly Dividend On Common Stock

Chevron-Hess Merger Clears FTC Antitrust Review

Hess Announces HSR Clearance Of Chevron-Hess Merger

Hess Reports Estimated Results for the Third Quarter of 2024

Hess to Participate in Wolfe Research Oil & Gas Conference

LITSF

Antero Resources Corporation Common Stock

Antero Resources

Chord Energy

Civitas Resources

CNX Resources

ConocoPhillips

California Resources Corporation Common Stock

California Resources

Coterra Energy

Devon Energy

EOG Resources

Expand Energy

Diamondback Energy

Magnolia Oil & Gas Corporation Class A Common Stock

Magnolia Oil & Gas

Marathon Oil Corp. Com

Matador Resources

Murphy Oil

Ovintiv

Permian Resources Corporation Class A Common Stock

Permian Resources

Range Resources

SM Energy

Texas Pacific Land Corporation Common Stock

Texas Pacific Land

Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value

Vista Energy

Viper Energy, Inc. - Class A Common Stock

Viper Energy

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share

Woodside Energy Group

Susquehanna

Scotiabank

BMO Capital

Wolfe Research

Wells Fargo

株主たちがチェブロン・コープ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) との530億ドルの合併を承認した後、 ヘス社 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) の株価が動いている（火曜日）。
出来事の詳細: 3億800万株のうち、過半数の株がこの取引に賛成の投票を行い、合併に向けた障壁の1つが取り払われた。この合併に賛成の投票は、追加の補償を求めていた株主の主張を終わらせることになる。
この取引は規制当局による承認がまだ必要であり、この取引についてはガイアナにおけるヘス社のパートナーとの仲裁が行われることになる。また、この仲裁が2025年まで取引を押し戻す可能性もある。
ヘスのCEOジョン・ヘス氏が「私たちの株主の過半数がこの戦略的な取引の魅力的な価値を認識してくれたことを大変嬉しく思います。そしてチェブロンとの合併を成功裏に成立させることを楽しみにしています」と述べた。
「私たちはFTC（連邦取引委員会）規制プロセスを、今後数週間以内に終了させると予想しています」とチェブロンの広報担当者は述べた。「私たちは仲裁において先買権についての立場が確認されると確信しています。」

Comments

Hess

ニュース

最新ニュース Hess (NYSE:HES) 株価情報

水曜日, 5 29, 2024

こんな人も見ています

ニュース

パートナーシップ

ベンジンガ・グローバル