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Top Buys by Directors: Wilson's $250.8K Bet on HES

By Energy Stock Channel Staff, Friday, December 7, 3:31 PM ET
Play Video: One Reason For Insiders to Buy

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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:

Purchased Insider Title Shares Price/Share Value
11/13/2012 Robert N. Wilson Director 5,000 $50.16 $250,800.00

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:

Hess Corp Chart

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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This Article's Word Cloud:   Corp   Definition   Director   ETFs   Friday   Hess   Importance   Insider   NYSE   PortfolioRelevant   Price   Robert   Share   Shares   What   Wilson   about   average   both   business   buys   changing   chart   company   cost   directors   earned   expect   hands   last   make   makes   maybe   other   point   portfolio   share   shares   stock   take   that   they   trading   unique   view   week   what   which   wise   with

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