Insiders and Executives are Selling These 5 Oil Stocks

In this article, we discuss 5 oil stocks that insiders and executives are selling. If you want our detailed analysis of these stocks, go directly to Insiders and Executives are Selling These 10 Oil Stocks.

5. Hess Corporation (NYSE:HES)

Number of Hedge Fund Holders: 36

Hess Corporation (NYSE:HES) was incorporated in 1920 and is headquartered in New York, operating as an exploration and production company that sells crude oil, natural gas liquids, and natural gas. 

According to Insider Monkey’s data, insiders at Hess Corporation (NYSE:HES) sold about 1.25 million shares of the company from March 1 to March 11. The leading insider involved in these trades was John Barnett Hess, the CEO of Hess Corporation (NYSE:HES), with transactions priced between $99 to $101 per share. 

On March 1, Hess Corporation (NYSE:HES) declared a $0.375 per share quarterly dividend, a 50% increase from its earlier dividend of $0.25. The dividend is payable on March 30, for shareholders of record on March 14. 

Hess Corporation (NYSE:HES) posted its fourth quarter results on January 26, reporting earnings per share of $0.85, above market consensus by $0.12. Revenue over the period jumped 59.14% year-on-year to $2.26 billion, topping estimates by $323.50 million. 

Among the hedge funds tracked by Insider Monkey in Q4 2021, 36 funds held long positions in Hess Corporation (NYSE:HES), up from 27 funds in the previous quarter. Fisher Asset Management held the biggest stake in the company, owning close to 4 million shares worth $294 million.