Hess Corp. SVP Sells $2,509,050 in Stock (HES)
Hess Corp. (NYSE:HES) SVP Mykel J. Ziolo sold 29,175 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $86.00, for a total value of $2,509,050.00. Following the sale, the senior vice president now directly owns 51,557 shares in the company, valued at approximately $4,433,902. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Hess Corp. (NYSE:HES) traded down 1.90% during mid-day trading on Monday, hitting $83.72. 2,561,683 shares of the company’s stock traded hands. Hess Corp. has a 52 week low of $61.32 and a 52 week high of $86.57. The stock’s 50-day moving average is $81.56 and its 200-day moving average is $80.41. The company has a market cap of $26.995 billion and a P/E ratio of 5.76. Hess Corp. also was the target of some unusual options trading on Friday. Investors bought 17,030 call options on the stock. This is an increase of approximately 336% compared to the average volume of 3,905 call options.
Hess Corp. (NYSE:HES) last released its earnings data on Wednesday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts expect that Hess Corp. will post $4.55 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wolfe Research initiated coverage on shares of Hess Corp. in a research note on Wednesday, March 26th. They set an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hess Corp. in a research note on Thursday, March 13th. They now have a $85.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Hess Corp. from $79.00 to $83.00 in a research note on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $87.71.
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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