On Tuesday, Hess Corp. (NYSE:HES)’s shares inclined 3.09% to $69.41.
Hess Corp. (HES) declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2015 to holders of record at the close of business on June 16, 2015.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway.
Warren Resources, Inc. (NASDAQ:WRES)’s shares gained 11.47% to $0.580.
The summer still has yet to take hold of the penny stock market as trading continues to build momentum during June. Though much of the attention has been placed on the biotech sector’s volatility, value investors are still watching energy, technology, and precious metals for diversification in addition to safe havens. While OPEC seminar in Vienna is suggesting the rebound for oil and gas stocks, other sectors have reacted favorably with many of these “alternatives to biotech investments” finding a home amongst the highest volume penny stocks traded. Shares of US Precious Metals, Inc. (USPR), Warren Resources, Inc. (WRES), and Axion Power International, Inc. (AXPW) have all see a rise in share price over the last few weeks in the market.
Over the course of the last 2 months, shares of US Precious Metals have raised from $0.11 to highs of $0.20. During the past week, USPR has traded between $0.175-$0.195.
Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of domestic onshore crude oil and gas reserves. The company primarily focuses on the exploration and development of waterflood oil recovery projects in the Wilmington field within the Los Angeles Basin of California; Marcellus Shale project in northeastern Pennsylvania; and coalbed methane natural gas properties located in the Rocky Mountain region.
At the end of Tuesday’s trade, Macy’s, Inc. (NYSE:M)‘s shares dipped -0.17% to $68.86.
Macy’s, Inc. (M) declared that it has signed a contract with Men’s Wearhouse to open licensed tuxedo rental shops within 300 Macy’s stores nationwide.
These Macy’s-branded shops will be operated by Men’s Wearhouse and staffed by its trained formalwear professionals in dedicated space located in or near the men’s department in Macy’s stores. They will be fully integrated in Macy’s storewide wedding experience, and support Millennial merchandising strategies related to proms and other special occasions.
Macy’s Tuxedo Shops will be backed by the Men’s Wearhouse reservation and group administration system that allows customers to easily make and manage reservations and track the status of rentals by others in a wedding party.
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. \
Valero Energy Corporation (NYSE:VLO), ended its Tuesday’s trading session with 0.77% gain, and closed at $58.92.
Valero Energy Corporation (VLO)
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