EOG Resources (NYSE:EOG) COO Jeffrey Leitzell Sells 9,039 Shares of Company Stock

by · The Markets Daily

EOG Resources, Inc. (NYSE:EOG – Get Free Report) COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the transaction, the chief operating officer directly owned 90,790 shares in the company, valued at approximately $12,765,981.90. This represents a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $0.92 during trading hours on Tuesday, reaching $139.71. 2,325,973 shares of the stock traded hands, compared to its average volume of 4,126,053. The company has a 50 day moving average price of $144.70 and a 200 day moving average price of $139.51. The firm has a market capitalization of $73.28 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.52 and a beta of 0.26. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $154.16. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter in the prior year, the business earned $2.32 EPS. The business’s quarterly revenue was up 57.4% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 16.85 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is currently 31.75%.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in EOG Resources during the 2nd quarter valued at about $5,905,587,000. Dimensional Fund Advisors LP raised its holdings in shares of EOG Resources by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock valued at $848,228,000 after purchasing an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of EOG Resources by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company’s stock worth $712,583,000 after purchasing an additional 259,015 shares during the period. Franklin Resources Inc. lifted its position in shares of EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after purchasing an additional 1,257,110 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of EOG Resources during the second quarter valued at approximately $551,321,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EOG shares. Jefferies Financial Group reiterated a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Citigroup reiterated a “neutral” rating and set a $150.00 target price (up from $141.00) on shares of EOG Resources in a research report on Thursday, August 27th. Wells Fargo & Company reissued an “overweight” rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Seaport Research Partners initiated coverage on EOG Resources in a research note on Thursday, September 3rd. They set a “neutral” rating for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $158.11.

Check Out Our Latest Analysis on EOG

About EOG Resources

(Get Free Report)

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.

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