Hess Corp. Shares Plunge 3.79% Amid Analyst Downgrades, Market Volatility

Hess Corp. (HES) shares fell 3.79% intraday, marking the lowest level since September 2024, with a 2.36% decline and a 20.94% drop over the past five days.

Analysts have recently adjusted their price targets for Hess Corp., reflecting differing opinions on the company's future performance. UBS lowered its price target from $186 to $170 while maintaining a Buy rating. Wolfe Research also revised its target to $155, with an average rating of overweight and a mean price target of $167.08 according to analysts polled by FactSet. These adjustments can influence investor sentiment and stock price movements.

Schroder Investment Management Group reduced its stake in Hess Corp. by 18.0% during the fourth quarter. Such large-scale sell-offs by investment management firms can negatively impact the stock price, potentially signaling a lack of confidence in the company's short-term prospects.

Hess Corp.'s stock price has also been affected by broader market volatility. Along with other major energy companies, Hess saw declines in stock price amid reactions to tariff headlines and market adjustments. These external factors can contribute to fluctuations in stock price due to investor concerns about economic conditions impacting the energy sector.