EOG Resources (NYSE:EOG) EVP Michael Donaldson Sells 7,336 Shares

by · The Cerbat Gem

EOG Resources, Inc. (NYSE:EOGGet Free Report) EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the sale, the executive vice president owned 100,558 shares in the company, valued at $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

EOG Resources Stock Performance

NYSE EOG traded up $1.07 during trading hours on Monday, hitting $148.43. The company had a trading volume of 3,544,756 shares, compared to its average volume of 4,166,381. The business has a 50 day moving average of $143.10 and a 200-day moving average of $138.21. The company has a market cap of $77.86 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.55 and a beta of 0.26. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter in the previous year, the firm earned $2.32 earnings per share. The business’s revenue was up 57.4% compared to the same quarter last year. As a group, equities research analysts expect that EOG Resources, Inc. will post 16.75 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.7%. EOG Resources’s payout ratio is 31.75%.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group reissued 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, August 24th. Citigroup restated a “neutral” rating and issued a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Mizuho set a $157.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley set a $157.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $158.00.

Check Out Our Latest Analysis on EOG Resources

Hedge Funds Weigh In On EOG Resources

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in shares of EOG Resources by 12,810.7% during the second quarter. California State Teachers Retirement System now owns 80,957,747 shares of the energy exploration company’s stock worth $10,502,649,000 after acquiring an additional 80,330,686 shares during the period. BlackRock Inc. purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $5,905,587,000. Bank of New York Mellon Corp purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $654,899,000. Bank of America Corp DE acquired a new position in EOG Resources during the 2nd quarter worth approximately $551,321,000. Finally, Deutsche Bank AG acquired a new position in EOG Resources during the 2nd quarter worth approximately $251,102,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About EOG Resources

(Get Free Report)

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

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