Markets
HES

UPDATE: Hess Builds On Monday Gains; Shares Up More Than 1%, Earlier Went Close to Year Highs On 5-Year Growth Plans, Doubled Dividend

Hess ( HES ) shares are up 1.4% to $69.80 in late day trading after closing up 3.5% Monday after the company told shareholders it plans to buy back as much as $4 billion in stock and doubled its annual dividend to $1 per share. Its stock earlier touched a day high $70.49 compared to a year high $70.77

Hess is aiming to drop its energy trading and gasoline station business to focus on exploration and production. The company decreased E&P capital expenditures by 17% in 2013 and plans to continue reductions in 2014.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

HES

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More