5 Best Energy Stocks To Buy Now

2. Hess Corporation (NYSE:HES)

Number of Hedge Fund Holders: 74

Hess Corporation (NYSE:HES) operates as a prominent exploration and production company, specializing in the exploration, development, production, purchase, transportation, and sale of crude oil, natural gas liquids, and natural gas. Its operations are divided into two segments – Exploration and Production, and Midstream.

On January 31, Hess Corporation (NYSE:HES) disclosed its Q4 non-GAAP EPS of $1.63 and reported revenue of $3.01 billion. These figures exceeded Wall Street expectations by $0.24 and $140 million, respectively.

According to Insider Monkey’s third quarter database, 74 hedge funds were bullish on Hess Corporation (NYSE:HES), compared to 58 funds in the prior quarter. Adage Capital Management is the leading position holder in the company, with 4.3 million shares worth $624.5 million.