EOG Resources Inc (NYSE:EOG) President Gary L. Thomas sold 40,000 shares of EOG Resources stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the transaction, the president now directly owns 1,006,461 shares in the company, valued at $113,669,705.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of EOG Resources Inc (EOG) opened at $112.83 on Friday. The stock has a market cap of $65,240.00, a P/E ratio of 11,283.00, a price-to-earnings-growth ratio of 4.03 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources Inc has a 1 year low of $81.99 and a 1 year high of $119.00.
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 company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.40) EPS. equities research analysts forecast that EOG Resources Inc will post 0.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 6,700.00%.
Several research firms recently commented on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “strong-buy” rating and set a $134.00 price objective on the stock in a research report on Friday. Stifel Nicolaus set a $136.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley reduced their target price on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Credit Suisse Group set a $126.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Cowen set a $115.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $116.72.
Institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its stake in EOG Resources by 87.9% during the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after purchasing an additional 4,144 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in EOG Resources during the third quarter worth $4,649,000. Public Employees Retirement System of Ohio lifted its stake in EOG Resources by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock worth $41,063,000 after purchasing an additional 1,957 shares during the last quarter. Wendell David Associates Inc. lifted its stake in EOG Resources by 4.2% in the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after buying an additional 600 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in EOG Resources by 6.9% in the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after buying an additional 17,107 shares during the last quarter. Institutional investors own 85.38% of the company’s stock.
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EOG Resources Company Profile
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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