Hess Corp (HES) COO and President, E&P Gregory Hill Sells 56,925 Shares
Hess Corp (NYSE:HES), an exploration and production company that operates in the oil and gas industry, has reported an insider sale according to a recent SEC filing. Gregory Hill, the COO and President of E&P, sold 56,925 shares of the company on February 29, 2024. The transaction was executed at an average price of $146.35 per share, resulting in a total value of $8,333,073.75.
Over the past year, Gregory Hill has sold a total of 103,962 shares of Hess Corp and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company, with a total of 13 insider sells and no insider buys occurring over the past year.
On the day of the sale, Hess Corp's shares were trading at $146.35, giving the company a market capitalization of $45.52 billion. The price-earnings ratio of the stock stands at 32.93, which is above both the industry median of 10.285 and the historical median price-earnings ratio for Hess Corp. This indicates a higher valuation compared to its peers and its own past earnings multiples.
The stock's price-to-GF-Value ratio is 1, with a GF Value of $146.45, suggesting that Hess Corp is fairly valued based on the intrinsic value estimate from GuruFocus. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Hess Corp.
The GF Value image provides a visual representation of the stock's current valuation in relation to its GuruFocus Value.
For more detailed information and analysis on insider trades and Hess Corp's valuation, investors and analysts are encouraged to visit the SEC filing and the GuruFocus website.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
