The COO and President, E&P of Hess (NYSE: HES) is Selling Shares

By Carrie Williams

Today, the COO and President, E&P of Hess (HESResearch Report), Gregory Hill, sold shares of HES for $4.25M.

Following Gregory Hill’s last HES Sell transaction on March 08, 2018, the stock climbed by 20.7%. In addition to Gregory Hill, 3 other HES executives reported Sell trades in the last month.

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Based on Hess’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.59 billion and quarterly net profit of $32 million. In comparison, last year the company earned revenue of $1.38 billion and had a GAAP net loss of $106 million. Currently, Hess has an average volume of 1.64M.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $65.40, reflecting a -0.4% downside.

The insider sentiment on Hess has been positive according to 65 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream.