46.95 -0.01 (-0.01%)
After hours: 4:21PM EDT
|Bid||46.51 x 500|
|Ask||48.34 x 100|
|Day's Range||46.64 - 48.95|
|52 Week Range||37.25 - 55.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||1.00 (2.06%)|
|1y Target Est||55.31|
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The current level displays a positive indicator.
A list of stocks that exhibit potentially powerful characteristics for stock performance: attractive valuations with an activist trigger for outperformance.
U.S. oil production topped 10 million barrels per day earlier this year, approaching a record set in 1970, but until recently many investors in the shale oil revolution were still waiting for their payday. Since the beginning of year, 11 companies have promised buybacks, with six alone in the past three weeks including Devon Energy (DVN.N), Hess Corp (HES.N) and Noble Energy Inc (NBL.N). The United States' second largest producer Chevron Corp (CVX.N) also weighed in last week, hinting it would start buying back shares if it produced stronger cash flow in 2018.
Short interest is moderately high for HES with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
With oil markets having recovered, investors are watching the long-term strategy of the oil majors closely, with some majors taking starkly different approaches to spending
ExxonMobil (XOM) intends to more than double earnings and cash flow from operations by 2025, while Chevron (CVX) highlighted its commitment toward dividend growth as its top priority.
The bumping up of share repurchase program reflects Hess' (HES) commitment toward returning cash to stock holders on a regular basis.
Hess said it would buy back an additional $1 billion in shares, heading off a potentially nasty proxy fight with activist hedge fund Elliott Management.
Oil producer Hess Corp on Thursday disclosed plans to buy back an additional $1 billion in shares by the end of 2018, averting a second tangle with activist hedge fund Elliott Management on the eve of nominations for the Hess board. The new buyback would bring its total repurchase plan to $1.5 billion since late last year. It includes an accelerated share repurchase of $500 million.
After preaching patience a few weeks ago, this oil giant announced an early surprise that could be a big catalyst for its stock.
Elliott Management pulled back from efforts to call for substantial changes at oil company Hess Corp on Thursday on the eve of the deadline to nominate directors for the company's board. Elliott said it supported Hess's $1 billion share buyback program announced earlier Thursday and the company's planned operating review. Elliott, the activist hedge fund led by billionaire Paul Singer, previously called for changes at Hess Corp in a heated 2013 proxy fight.
Among the companies with shares expected to trade actively in Thursday's session are Express Scripts, Cigna, Kroger, Costco and Dell Technologies.
Elliott Management Corporation , which manages funds that are collectively the fourth-largest shareholder in Hess Corporation , rele
Shares of Hess Corp. rose 0.6% in premarket trade Thursday, after the oil and gas exploration company said it set a new $1 billion stock repurchase program, in addition to the $500 million program announced ...
Hess Corporation today announced that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late 2017.
Hess signalled growing confidence in the outlook for the global oil market on Thursday by announcing plans to buy back $1bn of its shares this year. The US oil producer said the new buyback programme was ...