Hess Corporation’s filing revealed that its Senior Vice President Schoonman Geurt G unloaded Company’s shares for reported $2.1 million on Mar 20 ’24. In the deal valued at $151.08 per share,13,921 shares were sold. As a result of this transaction, Schoonman Geurt G now holds 33,581 shares worth roughly $4.52 million.
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Then, Slentz Andrew P sold 20,254 shares, generating $3,060,074 in total proceeds. Upon selling the shares at $151.08, the Senior Vice President now owns 43,788 shares.
Before that, Goodell Timothy B. sold 2,701 shares. Hess Corporation shares valued at $390,349 were divested by the EVP, Gen Counsel & Secretary at a price of $144.52 per share. As a result of the transaction, Goodell Timothy B. now holds 162,144 shares, worth roughly $21.82 million.
Wolfe Research upgraded its Hess Corporation [HES] rating to an Outperform from a a Peer perform in a research note published recently. Argus also remained covering HES and has increased its forecast on November 07, 2023 with a “Buy” recommendation from previously “Hold” rating. Bernstein revised its rating on November 02, 2023. It rated HES as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of HES
On Tuesday, Hess Corporation [NYSE:HES] saw its stock fall -1.80% to $134.59. Over the last five days, the stock has lost -2.94%. Hess Corporation shares have fallen nearly -6.64% since the year began. Nevertheless, the stocks have fallen -6.07% over the past one year. While a 52-week high of $163.98 was reached on 04/29/24, a 52-week low of $123.79 was recorded on 09/11/24. SMA at 50 days reached $135.36, while 200 days put it at $145.21.
Levels Of Support And Resistance For HES Stock
The 24-hour chart illustrates a support level at 133.58, which if violated will result in even more drops to 132.57. On the upside, there is a resistance level at 136.38. A further resistance level may holdings at 138.17. The Relative Strength Index (RSI) on the 14-day chart is 41.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.59%. Stochastics %K at 28.67% indicates the stock is a holding.
How much short interest is there in Hess Corporation?
A steep rise in short interest was recorded in Hess Corporation stocks on 2024-10-15, growing by 0.6 million shares to a total of 5.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.99 million shares. There was a rise of 10.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 19, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $184 price target.
