Shares of Hess Corporation (HES) Sees Large Outflow of Money

Hess Corporation (HES): The stock had negative money flow to the tune of ($109.68 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $25.33 million, whereas, the outflow of money on downticks was $135.01 million and the ratio between the two was 0.19. The block trade had a negative net money flow of ($105.45 million). The total block trade value undertaken on upticks was $0.59 million. On the other hand, downticks amounted to $106.04 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.01. Hess Corporation (HES) closed with marginal gains of 37 cents to end the day at $56.65, an increase of 0.66% over the previous days close. The stock recorded 3.68% for the week.


Shares of Hess Corporation appreciated by 1.31% during the last five trading days but lost 0.49% on a 4-week basis. Hess Corporation has dropped 2.61% during the last 3-month period . Year-to-Date the stock performance stands at 17.95%.

Hess Corporation (NYSE:HES): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.81 and $56.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.65, notching a gain of 0.66% for the day. The total traded volume was 4,474,647 . The stock had closed at $56.28 on the previous day.

In a related news, Hill Gregory P., officer (COO and President, E&P) of Hess Corp, unloaded 15,000 shares at an average price of $55.99 on August 8, 2016. The total amount of the transaction was worth $839,850, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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