Key Points
- COO Jeffrey Leitzell sold 2,000 EOG shares on Dec. 31 at an average price of $105.68, generating $211,360 and reducing his ownership by 3.51% to 54,979 shares (about $5.81 million).
- EOG declared a quarterly dividend of $1.02 per share, payable Jan. 30 to holders of record Jan. 16 (ex-dividend Jan. 16), implying $4.08 annualized and a 3.8% yield with a 40.64% payout ratio.
- Recent quarterly results beat expectations, with EPS of $2.71 vs. $2.42 expected and revenue of $5.85 billion vs. $5.48 billion, and the company reported a 24.49% net margin and 19.80% return on equity.
EOG Resources, Inc. (NYSE:EOG - Get Free Report) COO Jeffrey Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
EOG Resources Price Performance
EOG Resources stock opened at $106.22 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The business has a 50 day simple moving average of $106.75 and a 200-day simple moving average of $113.62. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $138.18. The stock has a market capitalization of $57.63 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 8.41 and a beta of 0.49.
EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $2.89 EPS. Equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.
EOG Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources's payout ratio is 40.64%.
Institutional Trading of EOG Resources
A number of institutional investors have recently bought and sold shares of the company. First Trust Advisors LP increased its position in shares of EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company's stock valued at $445,921,000 after buying an additional 1,456,928 shares in the last quarter. Prudential Financial Inc. grew its stake in EOG Resources by 282.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company's stock valued at $184,924,000 after acquiring an additional 1,141,680 shares during the last quarter. Capital World Investors increased its holdings in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock valued at $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in EOG Resources during the third quarter worth about $87,193,000. Finally, TD Asset Management Inc lifted its holdings in shares of EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company's stock valued at $100,065,000 after purchasing an additional 662,539 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Mizuho set a $134.00 price objective on EOG Resources and gave the company a "neutral" rating in a report on Friday, December 12th. BMO Capital Markets decreased their price target on EOG Resources from $130.00 to $126.00 and set an "outperform" rating on the stock in a research note on Monday, December 15th. Jefferies Financial Group set a $145.00 target price on EOG Resources in a report on Sunday, October 12th. UBS Group restated a "buy" rating and set a $141.00 target price (down from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of EOG Resources in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of "Hold" and an average target price of $138.29.
Check Out Our Latest Research Report on EOG Resources
About EOG Resources
(
Get Free Report)
EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).
As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.
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