EOG Resources Inc (NYSE:EOG) President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the sale, the president now owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
EOG Resources Inc (EOG) traded up $0.30 during mid-day trading on Thursday, hitting $112.01. 4,751,400 shares of the company were exchanged, compared to its average volume of 2,563,428. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources Inc has a 1-year low of $81.99 and a 1-year high of $113.75. The firm has a market cap of $66,650.00, a PE ratio of 11,201.00, a PEG ratio of 5.11 and a beta of 0.98.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. EOG Resources’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.40) EPS. analysts expect that EOG Resources Inc will post 0.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.1675 per share. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.60%. EOG Resources’s payout ratio is 6,700.00%.
Several brokerages have recently weighed in on EOG. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Companies restated a “buy” rating and issued a $118.00 target price on shares of EOG Resources in a research note on Tuesday. Argus upped their target price on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a research note on Monday. Imperial Capital restated an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of EOG Resources in a research note on Monday. Finally, Robert W. Baird set a $122.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $113.75.
A number of institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors increased its stake in EOG Resources by 14.7% during the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after buying an additional 5,368,941 shares during the period. Vanguard Group Inc. increased its stake in EOG Resources by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after buying an additional 1,058,276 shares during the period. Capital World Investors increased its stake in EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after buying an additional 1,568,085 shares during the period. Northern Trust Corp increased its stake in EOG Resources by 8.7% during the 2nd quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after buying an additional 638,183 shares during the period. Finally, Alliancebernstein L.P. increased its stake in EOG Resources by 8.0% during the 2nd quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after buying an additional 511,099 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.
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About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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