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

Hess Corporation (HES) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $27.58 million worth of transactions were on upticks, whereas, the downticks accounted for $19.08 million worth of transactions. The net money flow was a positive $8.5 million and the uptick to downtick ratio was 1.45. The net money flow into the stock was $10.88 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $10.88 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 $56.07, down $0.74 during day. The stock slid -1.3% over the previous days close. For the week, the stock recorded -6.78% over the previous weeks close.


The company Insiders own 11.83% of Hess Corporation shares according to the proxy statements. Institutional Investors own 83.44% of Hess Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.69%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Hess Corp, Truelove Brian D. had sold 3,000 shares worth of $150,300 in a transaction dated March 28, 2016. In this transaction, 3,000 shares were sold at $50.1 per share.

Shares of Hess Corporation rose by 5.57% in the last five trading days and 4.67% for the last 4 weeks. Hess Corporation is up 5.29% in the last 3-month period. Year-to-Date the stock performance stands at 25.2%.

Hess Corporation (NYSE:HES): stock turned positive on Tuesday. Though the stock opened at $57.24, the bulls momentum made the stock top out at $60.17 level for the day. The stock recorded a low of $57.08 and closed the trading day at $60.13, in the green by 7.24%. The total traded volume for the day was 4,561,699. The stock had closed at $56.07 in the previous days trading.

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.

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