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NEW YORK—John B. Hess, Chief Executive Officer of Hess Corp (NYSE:HES), recently executed multiple stock sales totaling approximately $63.97 million, according to a recent SEC filing. The company, currently valued at $41.92 billion, maintains a GOOD financial health score according to InvestingPro data. The transactions were carried out over two days, June 5 and June 6, 2025, with sale prices ranging from $133.15 to $136.45 per share.
On June 5, Hess sold a total of 224,000 shares. The first batch of 213,397 shares was sold at an average price of $133.15, while another 11,603 shares were sold at an average price of $133.81. The following day, Hess continued his sales with three separate transactions: 4,900 shares at $134.80, 214,349 shares at $135.97, and 30,751 shares at $136.45.
These transactions leave Hess holding 1,734,679 shares indirectly through a trust established for his benefit. InvestingPro analysis reveals the company has delivered strong returns over the past five years, with additional insights available to subscribers.
In other recent news, Hess Corporation reported first-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings of $1.81 per share, surpassing the consensus estimate of $1.73. Revenue for the quarter was $2.94 billion, above the anticipated $2.85 billion. Net production remained steady at 476,000 barrels of oil equivalent per day, consistent with the previous year. Hess Corporation also announced a regular quarterly dividend of 50 cents per share, payable on June 30, 2025, to shareholders of record as of June 16, 2025. The company continues to focus on its Yellowtail development in Guyana, which is on schedule to begin production in the third quarter of 2025. Despite a decline in the average realized crude oil selling price to $71.22 per barrel from $80.06 the previous year, Hess maintained its production outlook for the second quarter. The company’s net income fell to $430 million, or $1.39 per share, compared to $972 million, or $3.16 per share, in the same period last year.
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