Jeffrey R. Leitzell Sells 4,000 Shares of EOG Resources, Inc. (NYSE:EOG) Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

EOG Resources Trading Up 1.8 %

Shares of NYSE:EOG opened at $128.83 on Tuesday. The stock’s 50-day simple moving average is $124.84 and its two-hundred day simple moving average is $124.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a market capitalization of $74.04 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 2.15 and a beta of 1.30.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the company earned $2.49 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 12.13 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EOG. Riverview Trust Co bought a new position in shares of EOG Resources in the second quarter worth about $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources during the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP bought a new stake in EOG Resources during the 2nd quarter valued at approximately $30,000. Sachetta LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $33,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of EOG Resources in the second quarter worth $35,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research reports. KeyCorp initiated coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price objective for the company. Mizuho increased their price objective on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. UBS Group decreased their price objective on EOG Resources from $169.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Sanford C. Bernstein decreased their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Fourteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $144.45.

EOG Resources Company Profile

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.