Large Inflow of Money Detected in Hess Corporation

Hess Corporation (HES) : On Thursday, The money flowed into the Hess Corporation (HES) stock with an uptick to downtick ratio was recorded at 1.16. Transactions worth $33.99 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $29.39 million. The total money flow into the stock was $4.6 million. The block trades reveal a bullish bias with an up-down ratio of 2.84. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $8.19 million of block transactions on upticks. The value of block trades on downticks was $2.89 million, indicating lower selling interest. The total money flow in block trades was $5.3 million. In terms of price action, Hess Corporation (HES) traded down $0.01 during the session at $58.01. Compared to the previous days closing, the stock was down only by -0.02%. For the week, the stock is 2.11%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 0.3%. Shares have dropped -13.16% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $65.36 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $58.28 and the 200 Day Moving Average price is recorded at $51.41.

Hess Corporation (NYSE:HES): The stock opened at $59.09 on Thursday but the bulls could not build on the opening and the stock topped out at $59.43 for the day. The stock traded down to $57.98 during the day, due to lack of any buying support eventually closed down at $58.01 with a loss of -0.02% for the day. The stock had closed at $58.02 on the previous day. The total traded volume was 2,839,539 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Hess Corp, Truelove Brian D. had sold 3,000 shares worth of $150,300 in a transaction dated March 28, 2016. In this transaction, 3,000 shares were sold at $50.1 per share.

Hess Corporation (Hess) is an exploration and production (E&P) company that develops, produces, purchases, transports and sells crude oil and natural gas. Its production operations are located primarily in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia and Norway. The Companys production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota, the Permian Basin of Texas, and the Utica Basin of Ohio. Approximately 16% of the Companys crude oil and natural gas liquids production and 7% of its natural gas production were from European operations. Approximately 22% of the Companys crude oil and natural gas liquids production were from its African operations. Approximately 1% of the Companys crude oil and natural gas liquids production and 61% of its natural gas production were from its Asian and Other operations.

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