How to Buy Hess Stock [2024] | Step-by-Step

Summary: Hess (NYSE: HES) is an American publicly traded energy company that’s involved in the production of natural gas. A convenient way to buy Hess stock is through a reputable brokerage platform, such as eToro.

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About Hess

Hess Corporation is a global energy company engaged in the exploration, production, refining, and marketing of oil and natural gas. Founded in 1919, the company has a rich history in the energy sector and operates in various regions around the world. Hess has a diversified portfolio, making it an attractive option for investors looking to participate in the energy industry.

Back in October 2023, Chevron bought Hess for $53 million in an all-stock deal. For those unaware, an all-stock deal means that the shareholders of Hess received shares in the acquiring company, rather than cash.

Hess IPO

Hess had its IPO a long time ago, and since then, its shares have been traded on the stock market. Currently, Hess’ stock is listed on the New York Stock Exchange (NYSE) under the stock symbol HES.

How to buy Hess stock: Step-by-step

If you’re looking to buy Hess stock, you can follow our step-by-step guide in the section below.

Step 1: Choose the right broker

To buy Hess stock, you should first choose a dependable and user-friendly brokerage platform. A brokerage streamlines the process of buying and selling stocks, acting as a mediator between you and the stock market.

eToro stands out as our recommended choice for buying Hess stock, boasting a broad user base exceeding 30 million globally. In addition to its widespread popularity, eToro provides an array of robust investing features, enhancing the overall investment experience, such as:

• Commission-free stock trading;
• Access to over 2,000 stocks from 17 different exchanges;
• The option to purchase fractional shares;
• Charting tools;
• A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 2: Fund your account

Once your brokerage account is set up, you can proceed to fund it. Here’s how to do it:

• Link bank account: Connect your bank account to your brokerage account;

• Deposit funds: Transfer the amount of money you want to invest in Hess stock from your bank account to your brokerage account;

• Verify: Some brokers may require you to verify your identity before allowing fund transfers. Follow the verification process as instructed by the broker.

Step 3: Place your order

With your account funded, it’ll be time to place an order to buy Hess stock:

• Research: Before placing an order, research current market conditions, recent news about Hess, and any other relevant information that may impact the stock’s price;

• Choose stock: Find the Hess stock by using its ticker symbol (HES) and decide how many shares you want to purchase;

• Place order: Select the type of order you want to place, such as a market order (buy at the current market price) or a limit order (buy at a specific price or better). Confirm and place your order.

Hess stock price today

Pros and cons of buying Hess stock

Before making any investment, it’s crucial to consider the pros and cons. Here are some to keep in mind when buying Hess stock:

Pros

• Diversification: Investing in a well-established energy company like Hess can add diversity to your investment portfolio;
• Dividends: Hess has historically paid dividends, providing an additional income stream for investors;
• Global presence: Hess operates globally, potentially benefiting from various energy markets around the world.

Cons

• Market risks: Like any stock, Hess is subject to market fluctuations, and its value can go up or down based on various factors;
• Industry volatility: The energy industry can be volatile due to factors like geopolitical events, oil prices, and regulatory changes;
• No guarantees: Investing always carries risks, and there are no guarantees of profits. The value of your investment can fluctuate.

For the best natural gas stocks, consider checking out these guides:

• How to Buy Devon Energy Stock;
• How to Buy Equitrans Midstream Stock;
• How to Buy ExxonMobil Stock;
• How to Buy Pioneer Natural Resources Stock;

Common investing mistakes when buying stocks

Avoiding common mistakes is essential when buying Hess stock, as well as any other stock for that matter. So, let’s take a look at some pitfalls to be aware of:

• Lack of research: Failing to research the company and market conditions can lead to uninformed decisions;

• Emotional trading: Letting emotions drive investment decisions can result in impulsive actions that may not align with your financial goals;

• Ignoring fees: Overlooking transaction fees and other costs associated with buying and selling stocks can impact your overall returns;

• Not diversifying: Putting all your funds into one stock, even a well-established company like Hess can increase risk. Diversify your portfolio for a balanced approach;

• Ignoring long-term goals: Investing with a short-term mindset may not align with the long-term nature of stock market investments. Consider your financial goals and investment horizon.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Hess stock

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.