5 Best-Performing S&P 500 Stocks in 2022

4. Hess Corporation (NYSE:HES)

Year to Date Return as of September 15: 62.72%

Number of Hedge Fund Holders: 35

Hess Corporation (NYSE:HES) is a crude oil and natural gas exploration and production company. The company has two business divisions: Exploration & Production, and Midstream. At the end of Q2 2022, 35 hedge funds were long Hess Corporation (NYSE:HES) and held stakes worth $1.18 billion in the company.

On July 27, Hess Corporation (NYSE:HES) announced earnings for the second quarter of fiscal 2022. The company reported earnings per share of $2.15 and generated a revenue of roughly $3 billion, up 87% year over year, and outperformed Wall Street estimates by $384.5 million.

Hess Corporation (NYSE:HES) is among the best-performing S&P 500 stocks in 2022. As of September 15, the stock has returned 62.72% to investors year to date.

On August 31, Barclays analyst Jeanine Wai revised her price target on Hess Corporation (NYSE:HES) to $146 from $149 and reiterated an Overweight rating on the shares.

As of June 30, Fisher Asset Management owns 4.4 million shares of Hess Corporation (NYSE:HES) and is the leading shareholder in the company. The investment covers 0.33% of Ken Fisher’s 13F portfolio.