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Gregory Hill, the Chief Operating Officer and President of Exploration and Production at Hess Corp (NYSE:HES), recently executed a series of stock transactions. On March 20, 2025, Hill sold shares of the company, totaling approximately $9.06 million. The sale involved multiple transactions with prices ranging from $155.91 to $157.53 per share, near the stock’s 52-week high of $163.98. The energy company, currently valued at $48.5 billion, has shown strong momentum with a 16% return over the past six months.
In addition to these sales, Hill also exercised options to acquire shares of Hess Corp. The options were exercised at prices between $49.72 and $75.04 per share, amounting to a total acquisition value of approximately $3.73 million. According to InvestingPro, the company maintains a GREAT financial health score and trades at a P/E ratio of 17.5, with analysis suggesting the stock is slightly undervalued based on Fair Value estimates.
Following these transactions, Hill’s direct ownership of Hess Corp shares was adjusted accordingly. The transactions were part of routine financial activities, as disclosed in the recent SEC filing. For deeper insights into insider trading patterns and additional financial metrics, InvestingPro offers exclusive analysis with 10+ more key insights about Hess Corp’s financial performance and outlook.
In other recent news, Hess Corporation reported a strong fourth-quarter performance, surpassing analyst expectations with earnings per share of $1.76 and revenue of $3.23 billion. This performance was attributed to a significant increase in production volumes, reaching 495,000 barrels of oil equivalent per day. Despite these results, Hess’s guidance for the first quarter of 2025, with production expected between 465,000 and 475,000 barrels per day, raised concerns due to planned maintenance and weather impacts. Analysts at Raymond (NSE:RYMD) James maintained a Market Perform rating on Hess, while CFRA increased the stock’s price target to $154, citing ongoing uncertainties related to Chevron (NYSE:CVX)’s acquisition of Hess. The merger with Chevron is progressing, with arbitration hearings scheduled for May and an anticipated closure in late 2025. Additionally, Hess declared a regular quarterly dividend of 50 cents per share, continuing its practice of returning value to shareholders. The company is also focusing on its capital expenditures, aligning its 2025 forecast to approximately $4.5 billion. Investors are closely monitoring Hess’s developments, particularly its expansion in Guyana and the potential impact of the Chevron merger.
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