EOG Resources Inc (NYSE:EOG) President Gary L. Thomas sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $125.36, for a total value of $6,268,000.00. Following the completion of the sale, the president now directly owns 988,947 shares in the company, valued at $123,974,395.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of EOG Resources traded down $0.36, reaching $125.79, during mid-day trading on Friday, according to MarketBeat.com. 4,063,872 shares of the company were exchanged, compared to its average volume of 3,779,984. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $126.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.06. The company has a market capitalization of $73.02 billion, a price-to-earnings ratio of 112.31, a price-to-earnings-growth ratio of 3.44 and a beta of 1.05.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 3rd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.39. EOG Resources had a return on equity of 8.19% and a net margin of 26.00%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 41.0% compared to the same quarter last year. sell-side analysts anticipate that EOG Resources Inc will post 4.8 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Saturday, July 7th will be given a dividend of $0.185 per share. The ex-dividend date is Monday, July 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.59%. EOG Resources’s dividend payout ratio (DPR) is 66.07%.
Several analysts recently weighed in on EOG shares. TheStreet raised EOG Resources from a “c” rating to a “b” rating in a research note on Tuesday, February 27th. UBS began coverage on EOG Resources in a research note on Wednesday, March 7th. They set a “buy” rating and a $125.00 price target on the stock. Stifel Nicolaus set a $134.00 price target on EOG Resources and gave the company a “buy” rating in a research note on Sunday, February 11th. Morgan Stanley cut their price target on EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Piper Jaffray set a $122.00 price target on EOG Resources and gave the company a “buy” rating in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $122.57.
Several institutional investors and hedge funds have recently modified their holdings of the company. Banco de Sabadell S.A bought a new stake in EOG Resources in the fourth quarter worth approximately $109,000. Optimum Investment Advisors bought a new stake in EOG Resources in the first quarter worth approximately $109,000. Clearbridge Investments LLC increased its holdings in EOG Resources by 106.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after purchasing an additional 568 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in EOG Resources in the fourth quarter worth approximately $123,000. Finally, Cerebellum GP LLC bought a new stake in EOG Resources in the fourth quarter worth approximately $125,000. Institutional investors own 85.43% of the company’s stock.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.