Hess Corporation (HES) , entangled in a high-stakes merger with Chevron Corporation (CVX) , finds itself navigating regulatory uncertainties that threaten to prolong the completion of a pivotal $53-billion deal, per recent reports by Reuters and Bloomberg News. Originally slated for closure in the first half of 2024, the merger has encountered significant setbacks chiefly due to an arbitration initiated by Exxon Mobil Corporation (XOM) . ExxonMobil's claim of a right of first refusal over Hess' prized asset ...

Group 1 - The content primarily focuses on community guidelines and rules for user engagement on the platform [1][2][3] - Emphasis is placed on maintaining civil discourse and avoiding misleading or harmful content [3][4] - Users are encouraged to report violations and engage in thoughtful discussions to foster a safe community [2][5] Group 2 - There are specific actions that can lead to account blocking, including repeated violations and discriminatory comments [4] - Posts that contain spam, insults, or inflammatory language will be rejected [6] - The guidelines aim to create a respectful environment for sharing ideas and facts [5]

Core Viewpoint - The recent upgrade of Hess to a Zacks Rank 1 indicates a positive earnings outlook, which is likely to influence its stock price favorably [2][10]. Earnings Estimate Revisions - The Zacks Consensus Estimate for Hess has increased by 38.4% over the past three months, reflecting a significant upward trend in earnings estimates [12]. - For the fiscal year ending December 2024, Hess is expected to earn $9.99 per share, representing a 97.8% increase from the previous year's reported earnings [14]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 5% receiving a 'Strong Buy' rating, indicating superior earnings estimate revisions [11][15]. - Stocks rated Zacks Rank 1 have historically generated an average annual return of +25% since 1988, showcasing the effectiveness of the rating system [11]. Institutional Investor Influence - Changes in earnings estimates are strongly correlated with near-term stock price movements, as institutional investors adjust their valuations based on these estimates [3][8].

Core Viewpoint - Hess (HES) stock has experienced a downtrend with a 7.9% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 indicating oversold conditions [2] - HES has an RSI reading of 29.81, suggesting that the heavy selling pressure may be exhausting itself and a trend reversal could be imminent [5] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for HES by 4.7% over the last 30 days, indicating a strong consensus among sell-side analysts that could lead to price appreciation [6] - HES holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, further supporting the potential for a near-term turnaround [7]

t u " m n the d territ i re, 11 a - Births and and in th the Residential d all group of the different of r and ng the first Piefe icin it - I and and the states an and "Americans Have More Investment Income Than Ever Before." is a headline the Wall Street Journal ran a few days ago. Middle Third As we can see below, the top 20% owns more than $100 trillion in assets. That's more than 40% of the total wealth. The bottom 40% own close to nothing. For example, a $500 thousand investment in such a fund ends up ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output a ...

Shareholders would also not be entitled to Chevron's dividend during the arbitration process, according to ISS. The dividend was touted by Hess as one of the main benefits of the deal, according to ISS. Hess shareholders will vote Tuesday on the New York-headquartered oil company's pending acquisition by Chevron for $53 billion, as the timeline for when the deal may close has become increasingly murky as the companies are locked in a dispute with Exxon Mobil. The pending deal is in jeopardy as Exxon Mobil c ...

Background of the Chevron Deal In October 2023, Chevron proposed a $53 billion acquisition of Hess. The strategic move was aimed at strengthening Chevron's presence in Guyana's oil-rich offshore fields. However, the deal has encountered significant obstacles, including the need for regulatory approval from the Federal Trade Commission. The resolution of these issues is crucial for the progression of the acquisition. Class Action in Delaware Court of Chancery One of the three lawsuits, a class action complai ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) rati ...

Hess (HES) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil and gas producer have returned -0.2%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Hess falls in, has lost 5%. The key question now is: What could be the stock's future direction?While media ...