Insider Selling: Mykel J. Ziolo Sells 4,027 Shares of Hess Corp. Stock (HES)
Hess Corp. (NYSE:HES) SVP Mykel J. Ziolo sold 4,027 shares of Hess Corp. stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $73.92, for a total value of $297,675.84. Following the transaction, the senior vice president now directly owns 40,823 shares of the company’s stock, valued at approximately $3,017,636. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hess Corp. (NYSE:HES) traded down 0.13% on Wednesday, hitting $74.66. The stock had a trading volume of 3,079,089 shares. Hess Corp. has a one year low of $61.32 and a one year high of $85.15. The stock has a 50-day moving average of $79.10 and a 200-day moving average of $78.72. The company has a market cap of $24.959 billion and a price-to-earnings ratio of 20.33.
Hess Corp. (NYSE:HES) last released its earnings data on Wednesday, January 29th. The company reported $0.96 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.30 by $0.34. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the company posted $1.66 earnings per share. Hess Corp.’s revenue was down 6.1% compared to the same quarter last year. Analysts expect that Hess Corp. will post $4.65 EPS for the current fiscal year.
A number of research firms have recently commented on HES. Analysts at ISI Group downgraded shares of Hess Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 30th. They now have a $82.00 price target on the stock, down previously from $92.00. Separately, analysts at Cowen and Company cut their price target on shares of Hess Corp. from $89.00 to $87.00 in a research note to investors on Thursday, January 30th. Finally, analysts at Mizuho downgraded shares of Hess Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $88.07.
Hess Corporation (NYSE:HES) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R).
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