EOG Resources (NYSE:EOG) CEO Ezra Yacob Sells 35,942 Shares of Stock

EOG Resources, Inc. (NYSE:EOG) CEO Ezra Yacob sold 35,942 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

EOG Resources Trading Down 2.2%

Shares of NYSE EOG opened at $146.90 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $139.41 and its two-hundred day moving average price is $135.70. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $153.67. The stock has a market capitalization of $77.05 billion, a P/E ratio of 11.43, a PEG ratio of 0.56 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EOG. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research report on Monday. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $183.00 target price on shares of EOG Resources in a report on Monday, August 3rd. Finally, Susquehanna reiterated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $156.22.

Institutional Trading of EOG Resources

Several hedge funds have recently bought and sold shares of EOG. Ilmarinen Mutual Pension Insurance Co raised its holdings in EOG Resources by 39.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after acquiring an additional 24,500 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after purchasing an additional 7,877 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after purchasing an additional 24,984 shares in the last quarter. Cumberland Partners Ltd increased its position in shares of EOG Resources by 432.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after purchasing an additional 12,562 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of EOG Resources by 8.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after purchasing an additional 24,960 shares during the period. 89.91% of the stock is currently owned by institutional investors.

About EOG Resources

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.