Shares of Hess Corporation (HES) Sees Large Inflow of Net Money Flow

Hess Corporation (HES) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $52.78 million worth of transactions were on upticks, whereas, the downticks accounted for $31.81 million worth of transactions. The net money flow was a positive $20.96 million and the uptick to downtick ratio was 1.66. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 20.68 in their favor. The net money flow into the stock was $20.15 million. The value of block trades done on downticks was only $1.02 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $21.18 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Hess Corporation (HES) was trading at $53.08, down $0.23 during day. The stock slid -0.43% over the previous days close. For the week, the stock recorded -6.33% over the previous weeks close.


The company Insiders own 11.83% of Hess Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.9% . Institutional Investors own 83.2% of Hess Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -18.19%.

In a related news, The officer (COO and President, E&P), of Hess Corp, Hill Gregory P. had unloaded 15,000 shares at $55.99 per share in a transaction on August 8, 2016. The total value of transaction was $839,850. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Hess Corporation (NYSE:HES): stock was range-bound between the intraday low of $52.87 and the intraday high of $54.35 after having opened at $53.92 on Fridays session. The stock finally closed in the red at $53.92, a loss of -0.43%. The stock remained in the red for the whole trading day. The total traded volume was 3,916,851 shares. The stock failed to cross $54.35 in Fridays trading. The stocks closing price on Thursday was $53.31.

Hess Corporation (HES) : During the past 4 weeks, traders have been relatively bearish on Hess Corporation (HES), hence the stock is down -2.73% 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 -6.81% relative to the S&P 500. The 4-week change in the price of the stock is -2.86% and the stock has fallen -6.33% in the past 1 week.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *