EOG Resources, Inc. (NYSE:EOG) COO Sells $515,767.12 in Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EOG Resources Stock Performance

NYSE EOG traded down $10.08 on Thursday, reaching $119.89. The stock had a trading volume of 5,524,403 shares, compared to its average volume of 3,102,463. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market cap of $66.12 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The firm has a fifty day moving average of $127.85 and a two-hundred day moving average of $127.94. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in EOG. 111 Capital acquired a new stake in shares of EOG Resources during the 4th quarter worth $680,000. PKO Investment Management Joint Stock Co acquired a new stake in EOG Resources during the fourth quarter worth about $2,121,000. Audent Global Asset Management LLC increased its holdings in EOG Resources by 427.3% in the 4th quarter. Audent Global Asset Management LLC now owns 12,639 shares of the energy exploration company’s stock valued at $1,549,000 after buying an additional 10,242 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $26,062,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EOG. Barclays lowered their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Raymond James increased their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $144.67.

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.