Hess (NYSE:HES) 주식

Hess

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2024, the company reported net proved reserves of 1.44 billion barrels of oil equivalent. Net production averaged 481 thousand barrels of oil equivalent per day in 2024, at a ratio of 79% oil and natural gas liquids and 21% natural gas.

Graph,Chart,Of,Stock,Market,Investment,Trading.,Financial,Chart,With

Equities

Large Cap

AIVL

AMZN

iShares Trust S&P Global Telecommunications Sector Index Fund

iShares Dow Jones US Technology Sector Index Fund

MSFT

ONLN

RSPG

지난주 댄 로브(Dan Loeb)가 이끄는 &#39;행동주의 헤지펀드&#39; 서드포인트의 포트폴리오에 포함된 여러 주요 기업의 실적 보고서가 발표되었다. 2024년 4분기 기준 여러 섹터의 주요 종목에 대한 새로운 인사이트가 제공되었다. 

아마존·메타·마이크로소프트 실적, &#39;행동주의 헤지펀드&#39; 서드포인트의 포트폴리오에 의미하는 바는?

trump-wall-street-shutter

Government

Macro Economic Events

Regulations

Broad U.S. Equity ETFs

Economics

Tech

ETFs

AAPL

CERT

FERG

FIVE

GOOGL

LULU

NVDA

TSLA

Select Sector SPDR-Consumer Discretionary

수요일(2일) 도널드 트럼프 대통령이 발표한 새로운 관세의 광범위한 물결은 수요일 애프터마켓에서 급격한 매도세를 촉발했다. 무역 관세의 범위와 규모가 월가 최악의 시나리오를 넘어섰기 때문이다.

트럼프 관세의 시장 타격...&#39;매그 7&#39; 시총만 7천억 달러 증발 예상

Offshore,Jack,Up,Rig,In,The,Middle,Of,The,Sea

Sector ETFs

Commodities

Contracts

Politics

Econ #s

도널드 트럼프 미국 대통령 당선인은 화요일(7일) 새로운 행정부 경제 비전의 기둥으로 인공지능(AI)과 시추 확대를 강조하며, 규제 완화를 통해 에너지 비용을 절감하는 동시에 AI 기반 혁신을 촉진하겠다고 약속했다.

트럼프, 석유 시추 확대로 AI 붐 지원 약속 &#34;지금보다 2배 이상 전기 필요&#34;

Hess Corp

HERMES INTL SA by Hermes International SA

Hermes International SA

HERMES INTL SA UNSP/ADR by Hermes International SA

HEALTH SCIENCES GROUP INC by Health Sciences Group, Inc.

Health Sciences Group Inc

Hess Midstream LP Class A Representing Limited Partner Interests

Hess Midstream LP

HOME ENERGY SAVINGS CORP by Home Energy Savings Corp.

WIIM

AMPY

CTRA

EQNR

FANG

MTDR

RCON

SHEL

Shares of oil stocks are trading higher amid an OPEC+ decision to keep output levels unchanged.

In a corporate cage match, two of the globe&#8217;s most dominant oil titans are fighting it out for a share of one of the world&#8217;s most coveted oil finds: Guyana. But while Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) are in the midst of arbitration, ETF investors may need to hold on tight. This courtroom battle could rock some of the <a href="https://www.benzinga.com/etfs">largest energy ETFs available</a>.
<h1 class="wp-block-heading">The Stakes: Oil, Ego — And An 11 Billion Barrel Bonanza</h1>
Behind the fight is Hess Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) 30% interest in a huge Guyanese oil project, which has roughly 11 billion barrels in projected reserves. Chevron said in 2023 it agreed to buy Hess for $53 billion, a transaction that would put it at the front of the Guyana boom. 
But Exxon, which already <a href="https://www.benzinga.com/markets/equities/24/06/39479711/exxon-mobil-rakes-in-billions-from-guyana-oil-deal-net-margin-tops-chip-giant-report">co-leads the Guyana project</a>, says it has pre-emptive rights to the stake. Arbitration gets underway in London this week, and sometime in late summer, a panel will <a href="https://www.benzinga.com/topic/oil">make a decision</a>.
<h1 class="wp-block-heading">ETF Fallout: Who&#8217;s Exposed To What?</h1>
The heavy hitters such as Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), iShares U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>) and Vanguard Energy Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>) are carrying heavy loads of both Exxon and Chevron, between 35% and 40% combined weighting in each fund.
If either Exxon or Chevron prevails, one can anticipate a pop for these ETFs as the Guyana deal would mean long-term growth assets for the prevailing company.
Hess Corp. is smaller but essential in this saga. ETFs such as iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>) carry meaningful exposure to Hess, and therefore a front-row seat to either a lucrative M&amp;A payday or a disappointing fizz.
Additionally, merger arbitrage ETFs, such as NYLI Merger Arbitrage ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNA#NYSE">MNA</a>) and ProShares Merger ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MRGR#BATS">MRGR</a>), are likely to be betting on the Hess factor already. If the transaction gets delayed or blocked further, one can expect some readjustment.
<h1 class="wp-block-heading">Beyond the Big Oil Bets</h1>
As Chevron cuts jobs and balances new resources in Kazakhstan and the Gulf of Mexico, it also deals with <a href="https://www.benzinga.com/markets/25/02/44000386/trump-shuts-down-chevrons-venezuela-oil-permit-tightening-pressure-on-maduro-regime-crude-oil-prices-rise-on-supply-concerns">uncertainty in Venezuela</a>, where an operating license may be withdrawn. Exxon is increasing <a href="https://corporate.exxonmobil.com/locations/guyana/guyana-project-overview">production </a>in Guyana to 1.3 million barrels/day by 2027, greater than North Dakota&#8217;s Bakken Shale.
<h1 class="wp-block-heading">One Wrong Move = ETF Domino Effect</h1>
With activist investors watching Exxon and Chevron still under pressure to prove long-term growth, the arbitration&#8217;s outcome could drive major portfolio re-weightings, flows into specific funds or a rise in thematic oil and gas ETFs.
In short, this isn't just a battle over barrels, it's about which ETFs end up doing well and which might need a Band-Aid.
<h1 class="wp-block-heading">Final Thought</h1>
This Guyana brawl might be happening in a London arbitration chamber, but its aftershocks will be felt through world markets and ETF tickers. For investors, it&#8217;s time to look beyond the barrel and begin peering at the ticker tape.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45647794/why-kre-is-falling-behind-xlf-and-raising-flashbacks-of-the-svb-collapse-etf-market-senses-bank-trouble">KRE Falls Behind XLF, Sparks SVB Collapse Flashbacks: Are ETFs Sensing Bank Trouble?</a></li>
</ul>
Photo: Shutterstock

Legal

Global

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

iShares Dow Jones US Energy Sector Index Fund

MRGR

Exxon Stock Vs. Chevron: The 11 Billion Barrel Oil War That Could Shake Up Energy ETFs

Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) has outperformed the market over the past 5 years by 7.49% on an annualized basis producing an average annual return of 21.76%. Currently, Hess has a market capitalization of $40.13 billion. 
Buying $100 In HES: If an investor had bought $100 of HES stock 5 years ago, it would be worth $267.65 today based on a price of $130.16 for HES at the time of writing.
<h3>Hess's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747859412_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

Here's How Much You Would Have Made Owning Hess Stock In The Last 5 Years

Hess's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) short percent of float has risen 13.92% since its last report. The company recently reported that it has 8.68 million shares sold short, which is 3.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Hess Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747249257_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hess has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Hess's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Hess's peer group average for short interest as a percentage of float is 7.99%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Hess's Recent Short Interest

Piper Sandler analyst Nitin Kumar maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Overweight and lowers the price target from $151 to $147.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Hess, Lowers Price Target to $147

Mizuho analyst Nitin Kumar maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Neutral and lowers the price target from $193 to $191.

Mizuho Maintains Neutral on Hess, Lowers Price Target to $191

Activist investor Elliott Investment Management scored a victory on Monday when Institutional Shareholder Services recommended investors elect all four of Elliott&#8217;s director nominees to the Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) board, bolstering the hedge fund&#8217;s campaign for strategic changes at the oil refiner.
What Happened: Elliott, which <a href="https://www.benzinga.com/markets/equities/25/02/43614105/activist-investor-elliott-builds-25-billion-stake-in-phillips-66-pressures-for-midstream-spinoff-report">holds a $2.5 billion stake in Phillips 66</a>, has urged the company to divest its midstream business. Proxy advisory firm ISS backed all four of Elliott's board nominees, joining Glass Lewis and Egan-Jones in supporting the activist's push ahead of the May 21 shareholder vote, Reuters reported.
ISS is a top proxy advisory firm whose recommendations guide major investors on corporate votes, often swaying outcomes in boardroom battles.
&#8220;Although the board has been reshaped since the pandemic, important industry perspectives have been overlooked, and there is strong evidence that the board is not willing to exercise independent oversight of management,&#8221; ISS wrote in its report.
The proxy advisor also challenged Phillips 66&#8217;s argument that its integrated strategy delivers superior returns, noting the stock began underperforming peers in mid-2021 and &#8220;has not been able to close the gap.&#8221; PSX shares have dropped 18% over the past 52 weeks, closing at $118.68 on Monday.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45366281/bitcoin-ethereum-dogecoin-retreat-stocks-rally-after-us-china-tariff-de-escalation-analyst-sees-opportunity-in-2100-2250-if-eth-corrects">Bitcoin, Ethereum, Dogecoin Retreat, Stocks Rally After US-China Tariff De-Escalation: Analyst Sees Opportunity In $2,100-2,250 If ETH Corrects</a>
Why It Matters: Elliott first disclosed its investment in Phillips 66 in February, expanding from an initial $1 billion position that had already secured a board seat for refining veteran Robert Pease last year. The activist fund&#8217;s larger stake now places it among Phillips 66&#8217;s top five shareholders.
The hedge fund, <a href="https://www.benzinga.com/news/24/08/40411028/elliott-management-alums-spawn-their-offshoots-amid-rigid-changes-and-increased-bureaucracy-at-70b-h">which manages $70 billion</a>, has a strong track record in the energy sector with successful investments at Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>), Suncor Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>) and Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>).
Elliott said the ISS report &#8220;fully validates Elliott&#8217;s case for change,&#8221; according to the report. 
Photo Courtesy: Ken Wolter on Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45365162/cathie-wood-makes-bullish-move-on-baidu-ark-adds-30k-shares-amid-china-us-trade-thaw">Cathie Wood Makes Bullish Move On Baidu: Ark Adds 30K+ Shares Amid China-US Trade Thaw</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Elliott Management Scores Key Win In Phillips 66 Proxy Fight As ISS Backs All Four Board Nominees Ahead Of May 21 Vote

Looking into the current session, Hess Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) shares are trading at $131.43, after a 1.81% increase. Moreover, over the past month, the stock increased by 3.35%, but in the past year, decreased by 18.06%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1746727222_0.png" alt="Past Year Chart" />

<h3>Comparing Hess P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Hess has a lower P/E than the aggregate P/E of 18.62 of the Oil, Gas &amp; Consumable Fuels industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1746727222_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Hess

Earnings reports from several key companies in Dan Loeb's Third Point portfolio hit the tape last week, offering fresh insight into holdings that, as of the fourth quarter of 2024, included major names across sectors.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): Loeb cut the stake from 3,700,000 shares in the&nbsp;third quarter&nbsp;of 2024 to 3,450,000 million <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/02/43673006/dan-loebs-amazon-stake-moves-a-look-at-his-trading-shifts" rel="noreferrer noopener">in&nbsp;the&nbsp;fourth quarter&nbsp;of 2024</a>.
<ul>
<li>On May 1, the company reported&nbsp;first-quarter&nbsp;net sales of&nbsp;$155.7 billion, beating a Street consensus estimate of&nbsp;$155.04 billion&nbsp;and EPS of&nbsp;$1.59, exceeding the street<a href="https://www.benzinga.com//node/45151230" target="_blank" rel="noreferrer noopener"> consensus estimate of&nbsp;$1.36</a>.</li>
<li>Amazon guided for&nbsp;second-quarter&nbsp;net sales of&nbsp;$159 billion&nbsp;to&nbsp;$164 billion, up&nbsp;7%&nbsp;to&nbsp;11% vs <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">street view of&nbsp;$160.91 billion</a>.</li>
<li>Amazon said the&nbsp;guidance&nbsp;is subject to &#8220;unpredictable&#8221; items that include foreign exchange rates, changes in geopolitical conditions and &#8220;tariff and trade policies.&#8221;</li>
<li>CEO&nbsp;Andy Jassy&nbsp;predicted a potential shift in consumer behavior reminiscent of the pandemic era while asserting that the e-commerce <a href="https://www.benzinga.com/markets/25/05/45158172/andy-jassy-predicts-pandemic-like-consumer-shifts-says-amazon-is-maniacally-focused-on-keeping-prices-low" target="_blank" rel="noreferrer noopener">giant is doubling down on affordability</a>.</li>
<li>JPMorgan analyst Doug Anmuth highlighted Amazon's Q1 revenue and operating income which exceeded the high end of guidance, with no significant negative impact from macroeconomic or tariff issues. He also pointed to AWS margins that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45172067/amazon-delivers-q1-on-the-steady-side-of-ok-as-analysts-highlight-aws-ai-demand" target="_blank" rel="noreferrer noopener">reached an all-time high</a>. </li>
<li>Rosenblatt analyst Barton Crockett labelled Amazon&#8217;s first-quarter as &#8220;on the steady side of OK,&#8221; but flagged the potential for impacts from tariffs which &#8220;could start hitting soon.&#8221; </li>
<li>RBC Captial Markets analyst Brad Erickson also highlighted the growth in AWS backlog and expects acceleration in <a href="https://www.benzinga.com/25/05/45163955/these-analysts-boost-their-forecasts-on-amazon-following-upbeat-q1-results" target="_blank" rel="noreferrer noopener">the second half of the year</a>. </li>
<li>Year to date (YTD), Amazon fell about 17.11%, vs. the ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>), which declined about 4.70%&nbsp;over the same time frame.</li>
</ul>
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): According to the 13F filings released on Feb. 14, Loeb increased his stake in Facebook's parent company to 665,000, up from 545,000 in the third <a href="https://www.benzinga.com/news/large-cap/25/02/43796723/dan-loebs-third-point-boosts-meta-holdings-now-a-top-4-position" target="_blank" rel="noreferrer noopener">quarter of 2024, a 22% increase.</a>
<ul>
<li>Meta reported&nbsp;first-quarter&nbsp;revenue of&nbsp;$42.31 billion, beating&nbsp;analyst estimates of&nbsp;$41.39 billion and EPs of&nbsp;$6.43&nbsp;per share, easily beating analyst <a href="https://www.benzinga.com//node/45117948" target="_blank" rel="noreferrer noopener">estimates of&nbsp;$5.21&nbsp;per share</a>.</li>
<li>Meta expects&nbsp;second-quarter&nbsp;revenue of&nbsp;$42.5 billion&nbsp;to&nbsp;$45.5 billion&nbsp;versus&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a> estimates of&nbsp;$44.06 billion.</li>
<li>Goldman Sachs analyst Eric Sheridan pointed to CEO Mark Zuckerberg&#8216;s list of five AI-driven opportunities: improved advertising, more engaging user experiences, business messaging, Meta AI and AI devices – notably, Ray-Ban Meta AI glasses, which saw three times sales and more than four <a href="https://www.benzinga.com/quote/META/analyst-ratings" target="_blank" rel="noreferrer noopener">times active users year-over-year</a>. </li>
<li>BofA Securities analysts see Meta as well-positioned to thrive in a softer macro-economic environment and highlighted the company&#8217;s capex spend as &#8220;building <a href="https://www.benzinga.com/25/05/45144725/meta-analysts-highlight" target="_blank" rel="noreferrer noopener">a foundation for long-term growth.&#8221;</a> </li>
<li>Needham analyst Laura Martin questioned the company&#8217;s long-term terminal value, noting that Meta does not control its distribution or content and faces stiff competition from Apple, TikTok and YouTube. </li>
</ul>
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): Loeb slashed his stake in the company&nbsp;from 870,000 shares&nbsp;in&nbsp;the third quarter of 2024&nbsp;to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/25/03/44115397/dan-loebs-third-point-slashes-microsoft-stake-analysts-blame-disappointing-azure" rel="noreferrer noopener">600,000 in the fourth quarter</a>.
<ul>
<li>The company reported&nbsp;third-quarter&nbsp;revenue of&nbsp;$70.07 billion, beating a Street consensus estimate of&nbsp;$68.43 billion and EPS of&nbsp;$3.46, beating a Street <a href="https://www.benzinga.com//node/45117886" target="_blank" rel="noreferrer noopener">consensus estimate of&nbsp;$3.22</a>.</li>
<li>Microsoft says its focus on cloud services and customer-centric solutions could help the company not only survive a recession<a href="https://www.benzinga.com//node/45125965" target="_blank" rel="noopener"> but also</a><a href="https://www.benzinga.com//node/45125965" target="_blank" rel="noreferrer noopener"> grow through it</a>.</li>
<li>Microsoft guided&nbsp;fourth-quarter&nbsp;cloud margins to about&nbsp;67%, with intelligent cloud revenue expected between&nbsp;$28.75 billion&nbsp;and&nbsp;$29.05 billion.</li>
<li>Goldman Sachs analyst Kash Rangan says that despite macroeconomic uncertainty and potential tariff risks, the company is set up to post free cash flow growth of 3% and earnings-per-share growth of 17% in fiscal year 2026, with <a href="https://www.benzinga.com//node/45137383" target="_blank" rel="noreferrer noopener">Azure maintaining a 30% growth rate</a>.</li>
<li>KeyBanc analyst Jackson Ader writes that the quarter highlights a principal risk in not being overweight MSFT right now: We have no visibility into capacity unlocks. Microsoft&#8217;s return on investment math for AI is still difficult to make sense of, and there could be <a href="https://www.benzinga.com//node/45149535" target="_blank" rel="noreferrer noopener">better stocks to play &#8220;offense&#8221; with</a>.</li>
<li>Microsoft-Backed OpenAI&nbsp;has&nbsp;agreed to buy&nbsp;Windsurf&nbsp;for about&nbsp;$3 billion to take on&nbsp;competition&nbsp;in the market for <a href="https://www.benzinga.com//node/45224667" target="_blank" rel="noreferrer noopener">AI-driven coding assistants</a>.</li>
<li>YTD, Microsoft has risen around 3.12%, outperforming the&nbsp;iShares U.S. Technology ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>), which lost about 9.93%&nbsp;over the same time frame.</li>
</ul>
Fortive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>): In the fourth quarter of 2024, the investor acquired a stake of 1,900,000 shares <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in </a>the company.
<ul>
<li>Fortive&nbsp;reported first quarter adjusted EPS&nbsp;of $0.85, which is in line with the consensus and, sales of $1.47 billion <a href="https://www.benzinga.com//node/45130994" target="_blank" rel="noreferrer noopener">missed the consensus of&nbsp;$1.49 billion</a>.</li>
<li>The company projects second quarter adjusted EPS of&nbsp;$0.85-$0.90&nbsp;<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">vs. street estimate of $0.98</a>.</li>
<li>The company lowered FY25 adjusted EPS&nbsp;guidance&nbsp;from&nbsp;$4.00-$4.12&nbsp;to&nbsp;$3.80-$4.00&nbsp;vs&nbsp;consensus of $4.02.</li>
<li>Fortive appointed Neill Reynolds as CFO of Ralliant, effective June 2, 2025, and announced the filing of a Form 10 registration statement <a href="https://www.benzinga.com//node/45190836" target="_blank" rel="noreferrer noopener">for the planned spin-off of Ralliant</a>.</li>
<li>Barclays analyst Julian Mitchell maintained an Overweight rating and lowered the price forecast from $85 to $84.</li>
<li>YTD, Fortive declined around 10.91%, underperforming the WisdomTree U.S. AI Enhanced Value Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIVL#NYSE">AIVL</a>), which lost about 0.04%&nbsp;over the same time frame.</li>
</ul>
Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>): Third Point held 625,000 shares in the company <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noopener">as </a>of the fourth quarter of 2024.
<ul>
<li>Hess reported first-quarter adjusted EPS of $1.81, which beat the consensus estimate of $1.61 and sales of $2.94 billion, <a href="https://www.benzinga.com//node/45096392" target="_blank" rel="noreferrer noopener">exceeded the estimated $2.71 billion</a>.</li>
<li>The company projects a total production of 480-490 MBOE per day <a href="https://investors.hess.com/static-files/a2100eac-445b-437c-9224-d0d56a20b5f4" target="_blank" rel="noreferrer noopener">and </a>Exploration and Production Capital and Exploratory Expenditures of $1.27 billion in the second quarter.</li>
<li>YTD, Hess declined around 5.07%, vs. the Invesco S&amp;P 500 Equal Weight Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPG#NYSE">RSPG</a>), which declined about 10.63%&nbsp;over the same time frame.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/04/45048902/tariffs-bite-dan-loebs-portfolio-thermo-fisher-hit-hard-discover-shines" target="_blank" rel="noreferrer noopener">Tariffs Bite Dan Loeb&#8217;s Portfolio: Thermo Fisher Hit Hard, Discover Shines</a></li>
</ul>
Photo: Shutterstock

Amazon, Meta, Microsoft Earnings Put Dan Loeb's Portfolio To The Test

Shares of energy stocks are trading lower amid a drop in the price of oil. Oil fell on reports suggesting OPEC+ agreed to production increases in June.

Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the <a href="https://www.benzinga.com/topic/donald-trump">impact of Trump tariffs.</a>
U.S. GDP shrank by 0.3% in the last quarter, marking the first economic contraction since 2022 and missing forecasts for a 0.4% expansion. The decline was driven by a surge in imports and reduced government spending.
Labor market data also disappointed. The ADP National Employment Report showed private employers added just 62,000 jobs in April—the weakest gain in nine months and well below the expected 108,000.
By midday in New York, the S&amp;P 500 was down 1% to 5,500, on pace to end a six-day winning streak. Tech stocks in the Nasdaq 100 lagged ahead of earnings from industry titans Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) and Meta Platforms Inc.
Nine of the S&amp;P 500's eleven sectors were in the red, with only consumer staples and health care posting modest gains. Energy and consumer discretionary led the losses, falling 3.3% and 2.7%, respectively.
Commodities were broadly lower. Oil tumbled 3.7% to $58 a barrel, approaching its lowest close since March 2021. Copper—often seen as a gauge of global growth—plunged 5.2% to $4.60 per pound. Natural gas declined 2.5% to $3.17 per million British thermal units.
Bond markets were steady, with the 10-year Treasury yield hovering at 4.17%. Gold dipped 0.3% to $3,330 per ounce, while the U.S. dollar index (DXY) strengthened by the same margin.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) showed resilience, holding steady at around $93,000 despite broader market weakness.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,325.88</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,515.27</td>
<td>-0.8%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,330.85</td>
<td>-1.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,953.01</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:20 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.9% to $549.56.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.5% to $403.24.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 1% to $470.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 1.1% to $193.82.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included:
<ul>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>): down 0.0%</li>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>): down 0.1%</li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>): down 1.5%</li>
<li>Illinois Tool Works Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITW#NYSE">ITW</a>): down 2.4%</li>
<li>Automatic Data Processing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>): up 1.2%</li>
<li>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>): down 1.3%</li>
<li>Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>): up 7.6%</li>
<li>Martin Marietta Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>): up 2.9%</li>
<li>Vulcan Materials Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>): up 6.3%</li>
<li>Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>): up 4.4%</li>
<li>PPG Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>): up 4.0%</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>): up 3.8%</li>
<li>Arch Capital Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>): down 3.1%</li>
<li>Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>): down 0.6%</li>
<li>Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>): down 7.0%</li>
<li>Yum! Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>): up 0.7%</li>
<li>Costar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>): down 9.7%</li>
<li>Veralto Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>): up 2.1%</li>
<li>Seagate Technology Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>): up 8.8%</li>
<li>Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>): up 6.4%</li>
<li>Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>): down 9.2%</li>
<li>Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>): up 0.0%</li>
<li>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>): down 9.5%</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>): down 15.7%</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>): down 9.1%</li>
<li>American Electric Power Company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>): down 0.9%</li>
<li>Public Service Enterprise Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>): down 2.3%</li>
<li>PPL Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>): down 0.1%</li>
<li>Oneok Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>): down 7.5%</li>
<li>Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>): down 3.2%</li>
<li>International Paper Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>): down 5.3%</li>
<li>Stanley Black &amp; Decker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>): down 4.2%</li>
<li>Essex Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>): up 0.1%</li>
<li>Equity Residential Properties Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>): up 0.2%</li>
<li>Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>): down 0.8%</li>
<li>Extra Space Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>): up 3.1%</li>
<li>BXP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>): down 3.7%</li>
<li>Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>): down 3.9%</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>): down 8.9%</li>
<li>Amcor Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>): down 1.2%</li>
<li>Expand Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NYSE">EXE</a>): down 3.5%</li>
</ul>
Stocks slated to report earnings after the bell include The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Host Hotels &amp; Resorts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), Everest Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), ANSYS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>), Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>), Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), PTC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>), Cognizant Technology Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), UDR Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>), American Water Works Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>), Invitation Homes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>), VICI Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>), AvalonBay Communities Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>), Prudential Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>), Align Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>), Aflac Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>), Ventas Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTR#NYSE">VTR</a>), Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), Mid-America Apartment Communities Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>), MetLife Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), C.H. Robinson Worldwide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), and KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>).
Read now: 
<ul>
<li><a href="https://www.benzinga.com/news/econ-s/25/04/45108426/as-growth-falters-sentiment-slips-economist-says-risks-to-the-economic-outlook-are-increasing">As Growth Falters, Sentiment Slips, Economist Says &#8216;Risks To The Economic Outlook Are Increasing&#8217;</a></li>
</ul>
Photo: Shutterstock

$BTC

ACGL

ALGN

AMCR

ANSS

BKNG

CHRW

CSGP

CTSH

SPDR Dow Jones Industrial Average ETF Trust

EBAY

EQIX

FICO

FSLR

GEHC

GNRC

GRMN

INVH

KLAC

MDLZ

NCLH

QCOM

SBUX

SMCI

VICI

VLTO

Wall Street Falls On Weak Economic Data As Oil Slumps To $58: What's Driving Markets Wednesday

ACDC

CIVI

MPLX

PTEN

PUMP

RNGR

TRGP

VIVK

VTLE

WFRD

Shares of energy stocks are trading lower amid a drop in oil and natural gas prices following a decline in US Q1 GDP, which could weigh on demand outlook.

Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) reported quarterly earnings of $1.81 per share which beat the analyst consensus estimate of $1.61 by 12.42 percent. This is a 42.72 percent decrease over earnings of $3.16 per share from the same period last year. The company reported quarterly sales of $2.94 billion which beat the analyst consensus estimate of $2.71 billion by 8.22 percent. This is a 12.06 percent decrease over sales of $3.34 billion the same period last year.

Earnings

Earnings Beats

Hess Q1 Adj. EPS $1.81 Beats $1.61 Estimate, Sales $2.94B Beat $2.71B Estimate

AEIS

ALKT

ARAY

ATNI

AWRE

BLCO

BLFY

BLKB

BXMT

CACC

CAKE

CDNA

CFLT

CGNX

CHEF

CLMB

CMPR

CNMD

CNXN

COCO

COKE

CPSH

CSLR

CSTM

CTOS

CVEO

CWAN

CWEN

DFIN

ENVX

ETSY

EXTR

FCPT

FFWM

FINW

FMBH

FORM

FTAI

GKOS

GRBK

GTES

Earnings Scheduled For April 30, 2025

Susquehanna analyst Biju Perincheril maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Neutral and lowers the price target from $160 to $136.

Susquehanna Maintains Neutral on Hess, Lowers Price Target to $136

Shares of energy stocks are trading lower as oil falls amid US-Iran talks.

HESM

Shares of energy stocks are up as oil prices rise amid US sanctions on Iran.

UBS analyst Josh Silverstein maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Buy and lowers the price target from $170 to $163.

UBS Maintains Buy on Hess, Lowers Price Target to $163

Scotiabank analyst Paul Cheng maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Sector Perform and lowers the price target from $164 to $146.58.

Scotiabank Maintains Sector Perform on Hess, Lowers Price Target to $146.58

AESI

BORR

CRGY

DINO

GLNG

LBRT

PAGP

SDRL

TALO

VNOM

Shares of energy companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Press Releases

Hess to Participate in Goldman Sachs Energy, CleanTech and Utilities Conference

Hess Schedules Earnings Release Date

Hess Named to Dow Jones Sustainability Index and Wall Street Journal's List of Top 250 Best Managed Companies

Comments

Hess

뉴스

파트너 / 기고자

벤징가 글로벌