Traders Sell EOG Resources (EOG) on Strength on Insider Selling

Traders sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading on Friday following insider selling activity. $57.17 million flowed into the stock on the tick-up and $124.38 million flowed out of the stock on the tick-down, for a money net flow of $67.21 million out of the stock. Of all stocks tracked, EOG Resources had the 0th highest net out-flow for the day. EOG Resources traded up $0.93 for the day and closed at $124.43Specifically, Director Frank G. Wisner sold 890 shares of EOG Resources stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $115.81, for a total transaction of $103,070.90. Following the transaction, the director now owns 118,700 shares in the company, valued at $13,746,647. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Ann D. Janssen sold 1,258 shares of EOG Resources stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $126.35, for a total value of $158,948.30. Following the transaction, the chief accounting officer now owns 53,828 shares in the company, valued at approximately $6,801,167.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,203 shares of company stock worth $15,261,714. Company insiders own 0.51% of the company’s stock.

A number of brokerages recently commented on EOG. Societe Generale upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America upgraded EOG Resources from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Thursday, May 10th. Tudor Pickering downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. ValuEngine upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on EOG Resources from $106.00 to $113.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $126.37.

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 $71.49 billion, a PE ratio of 111.10, a price-to-earnings-growth ratio of 3.15 and a beta of 1.03.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 3rd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.39. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.51 billion. EOG Resources had a return on equity of 8.19% and a net margin of 26.00%. The firm’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. research analysts anticipate that EOG Resources Inc will post 5.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, July 16th. This represents a $0.74 annualized dividend and a yield of 0.59%. EOG Resources’s dividend payout ratio (DPR) is 66.07%.

A number of hedge funds have recently bought and sold shares of EOG. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of EOG Resources by 1.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,211 shares of the energy exploration company’s stock valued at $2,546,000 after buying an additional 423 shares in the last quarter. Citizens Financial Group Inc RI grew its stake in shares of EOG Resources by 41.8% in the first quarter. Citizens Financial Group Inc RI now owns 1,546 shares of the energy exploration company’s stock valued at $162,000 after buying an additional 456 shares in the last quarter. Security National Bank grew its stake in shares of EOG Resources by 1.6% in the first quarter. Security National Bank now owns 28,349 shares of the energy exploration company’s stock valued at $2,984,000 after buying an additional 459 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of EOG Resources by 7.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,771 shares of the energy exploration company’s stock valued at $713,000 after buying an additional 498 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of EOG Resources by 5.1% in the fourth quarter. MML Investors Services LLC now owns 10,500 shares of the energy exploration company’s stock valued at $1,133,000 after buying an additional 506 shares in the last quarter. 85.33% of the stock is owned by institutional investors.

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.

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