HES - Insider Unloading: Andrew P Slentz Sells $3.06M Worth Of Hess Shares | Benzinga
A substantial insider sell was reported on March 21, by Andrew P Slentz, Senior Vice President at Hess (NYSE:HES), based on the recent SEC filing.
What Happened: Slentz's decision to sell 20,254 shares of Hess was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $3,060,073.
At Friday morning, Hess shares are down by 0.0%, trading at $149.34.
Get to Know Hess Better
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.
A Deep Dive into Hess's Financials
Revenue Growth: Hess displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 2.62%. This indicates a notable increase in the company's top-line earnings. As compared to ...