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EdgarHawk

HES HESS CORP Insider Trading

7 filings analyzed · Latest 2025-06-06
Insider buys
0
Insider sells
7
Unique insiders
3
Direction
Net selling

Historically, stocks have lagged the S&P 500 by a median ~4% over the 90 days after a high insider sell (n ≈ 9,950, 2021-2026). Past results don't predict the future. How we measure this ↗

June 2025
2025-06-06
high
Chief Executive Officer
475,000 shares
$63,967,935
@ $134.67
Significance 6/10

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.

March 2025
2025-03-28
high
Chief Executive Officer
350,000 shares
$55,612,539
@ $158.89
Significance 6/10

CEO John B. Hess sold 350,000 shares for $55.6M across 5 transactions on 2025-03-27/28 at avg $158.89

John B. Hess, Chief Executive Officer of Hess Corp, executed 5 separate sales totaling 350,000 shares for $55,612,539.23 over March 27–28, 2025, reducing his holdings from 2,559,679 shares to 2,209,679 shares (a -13.7% reduction). The blended average sale price was $158.89, near the current price of $158.45 and within 2.9% of the 52-week high of $163.13, indicating the sales occurred near recent trading peaks. Over his cross-ticker history, Hess' prior 20 open-market sales have achieved a 90-day well-timed rate of 35.00%, and his same-ticker history at HES across 5 prior sales shows mixed timing outcomes (only 1 of 5 were well-timed at the 90-day mark, with average 90-day returns of +0.4% to +2.2%). Despite the company's strong fundamentals—$3.2B quarterly revenue, +22.7% annual revenue growth, and $498.0M quarterly net income—this large cash-generating transaction by the CEO warrants attention to whether it reflects confidence in current valuations or signals management's view of fair value at these price levels.

2025-03-24
medium
COO and President, E&P
57,858 shares
$9,063,880
@ $156.66
Significance 6/10

Hess COO Gregory P. Hill sold 57,858 shares for $9.1M on 2025-03-20, reducing stake by 28.9%

Gregory P. Hill, COO and President of E&P, executed 8 separate sales totaling 57,858 shares for $9,063,879.87 at a blended average price of $156.66, reducing his holdings from 200,452 to 142,594 shares. The filing comes as HES trades at $157.35, near the top of its 52-week range ($126.30–$163.13) and up 20.5% over 90 days, setting a backdrop of elevated valuations. Hill's same-ticker history shows mixed timing: prior sales at HES averaged positive 90-day returns of +1.7% and +4.6%, with only 1 of 5 prior sells registering negative 90-day returns, suggesting his previous sells have been poorly timed at this ticker. The substantial reduction in stake size (28.9%) on the day the stock is near yearly highs warrants close observation of near-term price action and any material announcements regarding E&P strategy or market outlook.

November 2024
2024-11-22
high
Chief Executive Officer
342,894 shares
$50,653,074
@ $147.72
Significance 7/10

CEO John B Hess sells entire 342,894-share position for $50.7M across 7 transactions (Nov 20-22)

JOHN B HESS executed 7 separate sales totaling 342,894 shares for $50,653,074.38 over three trading days (November 20–22, 2024), disposing of his entire equity stake in the company he leads. The blended average price of $147.72 sits near the current price of $148.65, indicating execution at fair market value rather than during a depressed window. His cross-ticker track record shows a 90-day well-timed rate of 0.00%, meaning prior sales have not preceded stock declines, though the 5 prior HES sales on 2024-11-07 remain too recent to measure outcomes. The complete liquidation of a CEO's personal stake—reducing holdings from 342.9K shares to zero—is a material signal regarding his residual economic alignment with shareholder returns and warrants attention to any contemporaneous business developments or forward guidance from the company.

2024-11-12
medium
Senior Vice President
6,000 shares
$851,460
@ $141.91
Significance 6/10

SVP Schoonman sells 6,000 HES shares at $141.91; exits 19.5% of position as stock trades -13.7% from 52-week high.

Schoonman Geurt G, Senior Vice President, sold 6,000 shares of Hess on 2024-11-07 at $141.91, reducing his holdings from 30,701 to 24,701 shares (a -19.5% reduction in stake). This sale occurred while HES traded -13.7% from its 52-week high of $163.13, and the stock has declined -9.2% in annual revenue growth despite maintaining a P/E of 16.43 and market cap of $43.4B. His prior three sales at HES, all executed on 2024-03-20, exhibited a 100% well-timed pattern at the 90-day mark (each producing negative 90d returns of -5.0% to -5.3%), and his cross-ticker track record across 3 prior open-market sells also shows a 100% well-timed rate. The current sale follows a consistent pattern: executed at a depressed price relative to the year range, consistent with his demonstrated ability to sell before subsequent declines.

2024-11-07
medium
COO and President, E&P
62,871 shares
$8,717,336
@ $138.65
Significance 6/10

COO Gregory P. Hill sold 62,871 HES shares for $8,717,336.37; -50% reduction in holdings across 2 separate transactions

Gregory P. Hill, COO and President E&P at Hess Corp, sold 62,871 shares across 2 separate transactions on 2024-11-05 at blended average price of $138.65, raising $8,717,336.37 and reducing his holdings by exactly 50% from 125,670 to 62,799 shares. The current stock price of $142.75 is 12.5% below the 52-week high of $163.13, though up 3.9% over 30 days and 6.2% over 90 days. Across his prior 4 sales at HES, Hill's timing record is mixed—only 1 of 4 prior sells showed negative 90-day returns, meaning he was well-timed in just 25% of his sales at this ticker. His cross-ticker track record of 4 prior sells shows an average 90-day return of -0.0% with a 25% well-timed rate, indicating neither strong conviction nor poor timing on average. The magnitude of this reduction—liquidating exactly half his position—coupled with the insider's modest historical success at capturing sell-timing at HES, suggests neither urgent market concern nor strategic confidence.

2024-11-07
high
Chief Executive Officer
543,679 shares
$77,835,860
@ $143.17
Significance 7/10

HES CEO John Hess sold 543,679 shares for $77.8M in 11 transactions on Nov 6-7 at blended avg $143.17; post-sale holding drops to 223.1K shares (-70.9% of pre-transaction position).

CEO John B Hess executed 11 separate sales totaling 543,679 shares for $77,835,860.21 across two days (Nov 6-7, 2024), reducing his holdings by 70.9% from 766.8K to 223.1K shares. The sales occurred at prices ranging from $141.86 to $144.40, with a blended average of $143.17, near the current price of $142.75. This represents a substantial reduction in personal equity stake at the largest energy company market cap of $44.0B. At HES specifically, his prior 2 sells (Feb 2024) each yielded positive 90-day returns (+2.1% and +2.0%), indicating the stock rose after those sales—meaning his sales were not well-timed to precede declines. The current trade's timing relative to future price action cannot yet be assessed, but the scale of the position reduction merits investor scrutiny of the company's forward guidance and operational outlook.

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