Allspring Global Investments Holdings LLC, a major shareholder, has reduced its position in Hess Co. (NYSE:HES) by 21.3% during the second quarter [d4029f6f]. The fund owned 41,588 shares of the oil and gas producer's stock after selling 11,256 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Hess were worth $5,654,000 as of its most recent SEC filing [d4029f6f]. This reduction in position highlights the changing investment strategy of Allspring Global Investments Holdings LLC and provides insights into the performance and market sentiment towards Hess Co. as an oil and gas producer. [d4029f6f]
Texas Permanent School Fund Corp has also reduced its holdings in Two Harbors Investment Corp. by 1.7% in the 2nd quarter [44062508]. The firm now owns 84,773 shares of the real estate investment trust's stock, worth $1,177,000. Other hedge funds, including Vanguard Group Inc., BlackRock Inc., State Street Corp, and Allspring Global Investments Holdings LLC, have also made changes to their positions in the company. Two Harbors Investment Corp. reported a loss of ($0.01) per share for the last quarter, missing analysts' estimates of $0.19 per share. The company recently paid a quarterly dividend of $0.45 per share. Research analysts have given the stock an average rating of 'Hold' with an average target price of $14.94. [44062508]
Harbour Energy, a London-listed oil and gas company, has agreed to acquire Wintershall Dea's upstream business assets, excluding those in Russia, for $11.2 billion [8c95686d]. The acquisition includes E&P assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya, and Algeria, as well as carbon capture and storage licenses in Europe. BASF and LetterOne, the shareholders of Wintershall Dea, will receive $2.15 billion in cash and new shares equating to a total shareholding of 54.5% in Harbour Energy [8c95686d]. The acquisition is expected to be completed in Q4 2024 [8c95686d].