Hess stock is trading -19.48% below its average target price of $171.88 after dropping -2.3% during today's evening session. Analysts are giving the large-cap Oil & Gas Integrated company an average rating of hold and target prices ranging from $150.0 to $210.0 per share.
The stock has a very low short interest at 1.9%, and a short ratio of 0.8. The company's insiders own 9.88% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.4% of Hess's shares being owned by this investor type.
Institutions Invested in Hess
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | FMR, LLC | 12% | 37,239,078 | $5,153,515,981 |
| 2023-09-30 | Vanguard Group Inc | 10% | 31,509,607 | $4,360,614,493 |
| 2023-09-30 | Blackrock Inc. | 7% | 22,077,605 | $3,055,319,742 |
| 2023-09-30 | State Street Corporation | 6% | 17,898,644 | $2,476,993,332 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 3% | 10,409,735 | $1,440,603,220 |
| 2023-09-30 | Capital World Investors | 3% | 9,881,900 | $1,367,556,134 |
| 2023-09-30 | Primecap Management Company | 3% | 8,106,835 | $1,121,904,890 |
| 2023-09-30 | Massachusetts Financial Services Co. | 3% | 7,790,382 | $1,078,110,960 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 5,941,613 | $822,259,819 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 2% | 5,839,180 | $808,084,116 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Hess.
