Key Points
- CFO Ann Janssen sold 4,161 shares on March 19 at an average price of $140.04 for $582,706.44, decreasing her position by 3.99% to 100,246 shares (about $14.04M); the transaction was filed with the SEC.
- EOG beat quarterly estimates, reporting EPS of $2.27 (vs. $2.20 est.) and revenue of $5.64B (vs. $5.36B), and the company declared a $1.02 quarterly dividend (annualized $4.08, ~2.9% yield) while analysts maintain a consensus "Hold" with an average target of $138.23.
EOG Resources, Inc. (NYSE:EOG - Get Free Report) CFO Ann Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company's stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
EOG Resources Price Performance
NYSE EOG opened at $139.52 on Tuesday. The company has a market cap of $74.85 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $141.13. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm's 50-day simple moving average is $120.32 and its two-hundred day simple moving average is $113.04.
EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company's quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $2.74 earnings per share. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.
EOG Resources Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources's dividend payout ratio (DPR) is 44.79%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on EOG shares. Weiss Ratings reissued a "hold (c)" rating on shares of EOG Resources in a report on Thursday, January 22nd. Capital One Financial cut their price target on EOG Resources from $131.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, January 8th. Scotiabank set a $123.00 price target on EOG Resources and gave the company a "sector perform" rating in a research report on Friday, January 16th. BMO Capital Markets boosted their price objective on EOG Resources from $120.00 to $140.00 and gave the company an "outperform" rating in a research note on Tuesday, March 3rd. Finally, Piper Sandler increased their price objective on EOG Resources from $127.00 to $144.00 and gave the stock a "neutral" rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company's stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Hold" and an average target price of $138.23.
Read Our Latest Research Report on EOG Resources
Institutional Trading of EOG Resources
Institutional investors and hedge funds have recently bought and sold shares of the company. Hemington Wealth Management raised its position in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company's stock valued at $155,000 after buying an additional 93 shares during the last quarter. Bollard Group LLC lifted its stake in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company's stock valued at $1,317,000 after buying an additional 93 shares during the period. apricus wealth LLC grew its position in EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company's stock worth $224,000 after buying an additional 95 shares in the last quarter. Sowell Financial Services LLC grew its position in EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company's stock worth $699,000 after buying an additional 96 shares in the last quarter. Finally, Hardy Reed LLC increased its stake in EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company's stock valued at $254,000 after acquiring an additional 97 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
About EOG Resources
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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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