Hess stock is trading -9.72% below its average target price of $167.64 after marking a 1.1% during today's morning session. Analysts are giving the Large-Cap Oil & Gas Integrated company an average rating of buy and target prices ranging from $151.0 to $199.0 per share.
The stock has an average amount of shares sold short at 2.6%, and a short ratio of 3.9. The company's insiders own 9.46% 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 80.5% of Hess's shares being owned by this investor type.
Institutions Invested in Hess
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 11% | 32,844,838 | $4,971,066,431 |
| 2024-09-30 | Blackrock Inc. | 8% | 26,199,766 | $3,965,334,744 |
| 2024-09-30 | State Street Corporation | 6% | 17,610,983 | $2,665,422,384 |
| 2024-09-30 | Adage Capital Partners GP L.L.C. | 3% | 10,740,119 | $1,625,517,076 |
| 2024-09-30 | Primecap Management Company | 3% | 7,914,945 | $1,197,926,974 |
| 2024-09-30 | Citadel Advisors Llc | 2% | 7,139,724 | $1,080,597,270 |
| 2024-09-30 | HBK Investments L P | 2% | 7,117,820 | $1,077,282,100 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 6,537,162 | $989,399,508 |
| 2024-09-30 | FMR, LLC | 1% | 4,475,061 | $677,300,509 |
| 2024-09-30 | Pentwater Capital Management Lp | 1% | 4,450,000 | $673,507,527 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Hess.
