HES CEO John B Hess sold 475,000 shares for $63,967,935.46 across 5 transactions in early June at prices $133.15–$136.45
CEO John B Hess executed 5 separate sales totaling 475,000 shares (475.0K shares) for $63,967,935.46 ($64.0M) at a blended average price of $134.67 on June 5–6, 2025, reducing his holdings by 21.5% from 2.21M to 1.73M shares. This is a substantial reduction in absolute terms and as a percentage of holdings. His cross-ticker track record shows 11 prior sells averaging -15.0% 30-day return and a 90d well-timed rate of 16.67%, indicating his prior sales have rarely been followed by stock declines. At HES specifically, his 5 prior trades (all sales from late March 2025) showed poor timing, with 30-day returns ranging from -16.4% to -17.5%, and 0 of measurable prior sells at this ticker were well-timed at the 90-day mark. The current stock price of $136.13 is 5.4% higher over 30 days and -7.7% over 90 days, placing it 15.6% below its 52-week high of $161.29. Against the backdrop of HES's strong fundamentals (revenue growth +22.7% YoY, P/E 18.91, $2.9B quarterly revenue), the scale of this sale and the pattern of poorly-timed prior sells at this specific ticker warrant investor attention to underlying motivations.