Large Outflow of Money Witnessed in Hess Corporation

Hess Corporation (NYSE:HES) jumped 0.41 points or 0.71% on strong buying and was last priced at $58.11 per share. The shares saw huge fund flow intraday; a massive $12.22 million made their way in through the upticks but an even bigger $15.69 million made their way out through downticks. As per the last observation, the net money flow stood at $(-3.47) million and the up/down ratio was found to be 0.78. The shares have seen a weekly value change of -0.43% .A block trade was recorded in the company shares with a net money flow of $(-3.86) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $3.86. As can be seen from the data, the block transaction had the up/down ratio of 0.


Currently 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 -9.87% . Institutional Investors own 83.55% of Hess Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.69%. On the companys insider trading activities, Truelove Brian D., officer (Senior Vice President) of Hess Corp, unloaded 3,000 shares at an average price of $50.1 on March 28, 2016. The total amount of the transaction was worth $150,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Hess Corporation (NYSE:HES) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 0.36% at $57.49 with 2,338,479 shares getting traded. Post opening the session at $57.28, the shares hit an intraday low of $56.93 and an intraday high of $58.57 and the price was in this range throughout the day. The company has a market cap of $18,208 million and the number of outstanding shares have been calculated to be 316,719,380 shares. The 52-week high of Hess Corporation (NYSE:HES) is $70.67 and the 52-week low is $32.405.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Tigress Financial downgrades its rating on Hess Corporation (NYSE:HES).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 3, 2016.

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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