Insider Selling: EOG Resources (NYSE:EOG) COO Sells $260,000.00 in Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

EOG Resources Stock Performance

NYSE:EOG opened at $131.74 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $134.00. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44. The firm has a 50-day moving average price of $113.78 and a 200 day moving average price of $112.16.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price objective on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wolfe Research boosted their target price on shares of EOG Resources from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. BMO Capital Markets boosted their target price on shares of EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 target price (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Finally, Scotiabank set a $123.00 price target on shares of EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $135.31.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently bought and sold shares of EOG. Cullen Capital Management LLC raised its stake in shares of EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares during the last quarter. Rockland Trust Co. boosted its stake in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after acquiring an additional 11,965 shares during the last quarter. Railway Pension Investments Ltd boosted its stake in EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after acquiring an additional 28,800 shares during the last quarter. AlphaQuest LLC grew its holdings in EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after acquiring an additional 23,846 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.