EOG Resources, Inc. (NYSE:EOG - Get Free Report) COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
EOG Resources Stock Down 7.8 %
Shares of EOG opened at $119.89 on Friday. The firm has a market cap of $66.12 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company's fifty day moving average is $127.57 and its two-hundred day moving average is $127.88. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67.
EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. Analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.
EOG Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.25%. EOG Resources's dividend payout ratio is currently 34.73%.
Analysts Set New Price Targets
EOG has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. Bank of America reissued a "neutral" rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Piper Sandler dropped their target price on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Finally, Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $144.67.
Check Out Our Latest Stock Analysis on EOG
Hedge Funds Weigh In On EOG Resources
Several hedge funds and other institutional investors have recently made changes to their positions in EOG. Insight Inv LLC boosted its position in EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company's stock worth $1,154,000 after purchasing an additional 75 shares during the period. Essex Financial Services Inc. boosted its position in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after buying an additional 79 shares during the period. Valmark Advisers Inc. grew its stake in shares of EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after buying an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after buying an additional 80 shares during the period. Finally, 1ST Source Bank lifted its position in EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.
About EOG Resources
(
Get Free Report)
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.
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