Hess Corp. (NYSE:HES) COO Gregory P. Hill sold 2,951 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $51.78, for a total transaction of $152,802.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Hess Corp. (NYSE:HES) traded up 0.93% during mid-day trading on Friday, reaching $50.97. 5,421,722 shares of the company’s stock were exchanged. Hess Corp. has a 52-week low of $32.41 and a 52-week high of $63.76. The company’s market cap is $15.96 billion. The company’s 50-day moving average price is $50.70 and its 200 day moving average price is $54.22.

Hess Corp. (NYSE:HES) last released its quarterly earnings data on Wednesday, October 26th. The company reported ($1.12) earnings per share for the quarter, beating the consensus estimate of ($1.24) by $0.12. The company earned $1.20 billion during the quarter, compared to analyst estimates of $1.31 billion. Hess Corp. had a negative net margin of 63.18% and a negative return on equity of 7.51%. Hess Corp.’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.03) EPS. On average, equities research analysts predict that Hess Corp. will post ($5.09) EPS for the current year.

Insider Buying and Selling by Quarter for Hess Corp. (NYSE:HES)

A number of equities research analysts recently weighed in on HES shares. Barclays PLC dropped their price target on shares of Hess Corp. from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Credit Suisse Group AG reissued a “hold” rating and set a $66.00 price target on shares of Hess Corp. in a research note on Thursday, July 28th. Zacks Investment Research raised shares of Hess Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 29th. Simmons reissued an “overweight” rating and set a $60.00 price target (down from $64.00) on shares of Hess Corp. in a research note on Sunday, July 31st. Finally, Bank of America Corp. reissued a “buy” rating and set a $85.00 price target on shares of Hess Corp. in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. Hess Corp. presently has an average rating of “Hold” and a consensus target price of $60.57.

Several hedge funds have recently added to or reduced their stakes in HES. Price T Rowe Associates Inc. MD raised its stake in Hess Corp. by 25.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 16,043,705 shares of the company’s stock valued at $860,263,000 after buying an additional 3,231,600 shares in the last quarter. Peloton Wealth Strategists bought a new stake in Hess Corp. during the third quarter valued at $944,000. Ameritas Investment Partners Inc. raised its stake in Hess Corp. by 23.5% in the third quarter. Ameritas Investment Partners Inc. now owns 6,435 shares of the company’s stock valued at $345,000 after buying an additional 1,224 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Hess Corp. by 76.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 297,522 shares of the company’s stock valued at $15,953,000 after buying an additional 129,318 shares in the last quarter. Finally, Eaton Vance Management raised its stake in Hess Corp. by 2.1% in the third quarter. Eaton Vance Management now owns 44,346 shares of the company’s stock valued at $2,378,000 after buying an additional 923 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Hess Corp. Company Profile

Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. Its segments include E&P, which is engaged in the sale of crude oil, natural gas liquids and natural gas, and Bakken Midstream, which provides services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, located in the Bakken shale play of North Dakota.

5 Day Chart for NYSE:HES

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