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Hess reports strong Q3 earnings, exceeding estimates, but insiders sell significant shares.
Hess, an oil and gas producer, saw its Q3 earnings exceed estimates, with EPS of $2.14 and a 12.7% revenue increase to $3.20 billion.
Analysts gave a "Moderate Buy" rating with a target price of $170.50.
The company announced a quarterly dividend of $0.50 per share, yielding 1.37%.
However, insiders sold over 314,000 shares recently.
Hess Midstream is also set to release Q4 earnings, with analysts predicting EPS of $0.65 and revenue of $392.13 million.
3 months ago
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