HES - Hess Insider Trades Send A Signal | Benzinga
John B Hess, Chief Executive Officer at Hess (NYSE:HES), reported an insider sell on February 29, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Hess sold 209,785 shares of Hess. The total transaction amounted to $30,621,722.
The latest update on Friday morning shows Hess shares down by 0.03%, trading at $145.7.
Delving into Hess's Background
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.
Hess's Economic Impact: An Analysis
Revenue Growth: Over the 3 months period, Hess showcased positive performance, achieving a revenue growth rate of 2.62% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved ...