NEW YORK ( TheStreet) -- Hess (NYSE: HES) is trading at unusually high volume Wednesday with 16.8 million shares changing hands. It is currently at four times its average daily volume and trading down $4.02 (-7.3%) at $51.02 as of 3:05 p.m. ET. Hess has a market cap of $18.49 billion and is part of the basic materials sector and energy industry. Shares are down 3.1% year to date as of the close of trading on Tuesday. Hess Corporation, together with its subsidiaries, operates as an integrated energy company. The company operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). The company has a P/E ratio of 10.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Hess as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Hess Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.