|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||47.79 - 49.56|
|52-week range||37.25 - 55.48|
|PE ratio (TTM)||N/A|
|Earnings date||24 Apr 2018 - 30 Apr 2018|
|Forward dividend & yield||1.00 (2.06%)|
|1y target est||55.31|
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.
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.
After preaching patience a few weeks ago, this oil giant announced an early surprise that could be a big catalyst for its stock.
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 Corporation (NYSE: HES) 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. Under the new authorization, the Company will purchase $500 million of common stock through an accelerated stock repurchase (“ASR”) program and $500 million of common stock in the open market by the end of 2018.
The Board of Directors of Hess Corporation today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock.
The Board of Directors of Hess Corporation today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 29, 2018 to holders of record at the close of business on March 19, 2018.
The U.S. shale hype has taken hold of oil markets, but a variety of bottlenecks could constrain output and slow growth in the next couple of years
Glancy Prongay & Murray LLP announces an investigation on behalf of Hess Corporation investors concerning the Company and its directors’ and officers’ possible violations of state laws.