Hess Corporation (HES) : During the past 4 weeks, traders have been relatively bearish on Hess Corporation (HES), hence the stock is down -4.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.26% relative to the S&P 500. The stock has risen by 0.21% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.05% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.89% and the 50-Day Moving Average is 1.62%.
Hess Corporation (NYSE:HES): The stock opened at $58.08 on Friday but the bulls could not build on the opening and the stock topped out at $58.36 for the day. The stock traded down to $56.68 during the day, due to lack of any buying support eventually closed down at $56.93 with a loss of -1.86% for the day. The stock had closed at $58.01 on the previous day. The total traded volume was 3,409,253 shares.
The company Insiders own 11.83% of Hess Corporation shares according to the proxy statements. Institutional Investors own 83.42% of Hess Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.69%. In a related news, The Securities and Exchange Commission has divulged that Truelove Brian D., officer (Senior Vice President) of Hess Corp, had unloaded 3,000 shares at an average price of $50.1 in a transaction dated on March 28, 2016. The total value of the transaction was worth $150,300.
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.