Key Points
- Insider sale: EOG COO Jeffrey Leitzell sold 1,774 shares on March 2 at an average price of $126.57 for about $224,535, trimming his stake by 1.93% to 90,045 shares, per the SEC filing.
- Quarterly results and dividend: EOG beat expectations with $2.27 EPS (vs. $2.20 est.) and $5.64B revenue, and announced a $1.02 quarterly dividend ($4.08 annual, ~3.1% yield) with an ex-dividend date of April 16.
- Market and analyst context: Shares rose ~2.3% to $130.74; the stock trades at a P/E of 14.35, has a MarketBeat consensus rating of "Hold" with a $135.15 target, and institutions own roughly 89.9% of the company.
EOG Resources, Inc. (NYSE:EOG - Get Free Report) COO Jeffrey Leitzell sold 1,774 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $126.57, for a total value of $224,535.18. Following the sale, the chief operating officer owned 90,045 shares of the company's stock, valued at approximately $11,396,995.65. This represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
EOG Resources Stock Up 2.3%
Shares of EOG traded up $2.92 during trading hours on Thursday, reaching $130.74. The stock had a trading volume of 696,905 shares, compared to its average volume of 5,128,186. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $131.32. The firm has a 50-day simple moving average of $112.67 and a 200 day simple moving average of $111.93. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $70.14 billion, a price-to-earnings ratio of 14.35 and a beta of 0.44.
EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same quarter in the previous year, the business posted $2.74 EPS. EOG Resources's quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources's dividend payout ratio is currently 44.79%.
Analyst Ratings Changes
EOG has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of EOG Resources in a report on Thursday, January 22nd. KeyCorp cut EOG Resources from an "overweight" rating to a "sector weight" rating in a research report on Friday, January 16th. Barclays lowered their price target on EOG Resources from $136.00 to $133.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 21st. Raymond James Financial lifted their price objective on shares of EOG Resources from $153.00 to $157.00 and gave the stock a "strong-buy" rating in a report on Friday, February 13th. Finally, Jefferies Financial Group upped their target price on shares of EOG Resources from $140.00 to $146.00 and gave the stock a "buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $135.15.
Get Our Latest Research Report on EOG Resources
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth $258,000. Hantz Financial Services Inc. grew its position in EOG Resources by 16.5% during the second quarter. Hantz Financial Services Inc. now owns 930 shares of the energy exploration company's stock valued at $111,000 after buying an additional 132 shares during the period. Hutchens & Kramer Investment Management Group LLC increased its holdings in EOG Resources by 9.0% during the second quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,710 shares of the energy exploration company's stock worth $207,000 after buying an additional 141 shares during the last quarter. Intellectus Partners LLC purchased a new stake in EOG Resources during the second quarter worth about $732,000. Finally, Westside Investment Management Inc. raised its position in EOG Resources by 9.9% in the second quarter. Westside Investment Management Inc. now owns 2,505 shares of the energy exploration company's stock worth $301,000 after acquiring an additional 225 shares during the period. Institutional investors own 89.91% of the company's stock.
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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