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Monday, June 23, 11:57 AM ET, by Market News Video Staff
Investors in Hess Corp (HES) saw new options become available today, for the February 2015 ...
Top Buys by Directors: Wilson's $250.8K Bet on HES
By Energy Stock Channel Staff, Friday, December 7, 3:31 PM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $250.8K by Robert N. Wilson, Director at Hess Corp (NYSE:HES).
Wilson bets big on HES:
||Robert N. Wilson
Wilson's average cost works out to $50.16/share. In trading on Friday, bargain hunters could buy shares of Hess Corp (NYSE:HES) and achieve a cost basis lower than Wilson, with shares changing hands as low as $48.95 per share. Shares of Hess Corp were changing hands at $49.53 at last check, trading up about 0.8% on Friday. The chart below shows the one year performance of HES shares, versus its 200 day moving average:
Looking at the chart above, HES's low point in its 52 week range is $39.67 per share, with $67.86 as the 52 week high point — that compares with a last trade of $49.53.
According to the ETF Finder at ETF Channel, HES makes up 4.94% of the Dynamic Energy Exploration & Production Portfolio ETF (AMEX:PXE) which is trading up by about 0.6% on the day Friday.
See what other ETFs contain HES »
See what other stocks are held by PXE »
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