Key Points
- COO Jeffrey Leitzell sold 5,698 shares on March 31 at an average price of $150.32, generating about $856,523 and trimming his stake ~6.08% to 88,045 shares (valued at ~$13.23M).
- Analysts have lifted targets (BMO to $160, Stephens to $170) and the stock reached a new 52‑week high, though the consensus rating remains a "Hold" with an average target of $145.04.
- EOG declared a quarterly dividend of $1.02 (ex‑dividend April 16), equal to an annualized $4.08 and a yield of about 2.9% with a payout ratio near 44.8%.
EOG Resources, Inc. (NYSE:EOG - Get Free Report) COO Jeffrey Leitzell sold 5,698 shares of the firm's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
EOG Resources Trading Up 1.6%
NYSE EOG opened at $142.62 on Friday. 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 has a market cap of $76.40 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. The company has a 50 day moving average price of $126.37 and a 200 day moving average price of $114.59. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87.
EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the firm earned $2.74 earnings per share. EOG Resources's revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources's dividend payout ratio (DPR) is presently 44.79%.
Institutional Trading of EOG Resources
Several large investors have recently added to or reduced their stakes in EOG. First Trust Advisors LP raised its stake 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 worth $445,921,000 after purchasing an additional 1,456,928 shares during the last quarter. Franklin Resources Inc. boosted its position in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company's stock valued at $676,627,000 after buying an additional 1,257,110 shares during the last quarter. Marshall Wace LLP boosted its position in EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company's stock valued at $138,430,000 after buying an additional 1,088,867 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in EOG Resources by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company's stock worth $490,394,000 after buying an additional 901,897 shares during the period. Finally, Capital World Investors raised its position 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 worth $6,156,495,000 after buying an additional 782,426 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.
Key EOG Resources News
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: BMO Capital Markets raised its price target to $160 and kept an "outperform" rating, supporting upside expectations for EOG. BMO raises PT to $160
- Positive Sentiment: Stephens raised its target to $170 (equal‑weight), a sizeable upgrade that signals higher analyst valuation for EOG. Stephens raises PT to $170
- Positive Sentiment: EOG reached a new 52‑week high after an analyst upgrade, a near‑term technical/psychological positive for the stock. New 52-week high after upgrade
- Neutral Sentiment: Piper Sandler and Mizuho nudged targets slightly higher (to $147) but maintained neutral ratings, indicating modest upside without a bullish stance. Piper/Mizuho raises
- Neutral Sentiment: Brokerages' consensus remains roughly a "Hold" on EOG, suggesting mixed views despite recent target lifts. Average recommendation Hold
- Neutral Sentiment: Mizuho specifically cited an improved EBITDA outlook when adjusting its target, a fundamental positive to monitor for earnings sensitivity. Mizuho EBITDA outlook
- Negative Sentiment: Oil prices fell on renewed hopes for a cease‑fire in the Iran conflict and profit‑taking after March’s surge; lower crude directly pressures EOG’s near‑term revenue and cash‑flow outlook. Oil prices fall on cease-fire hopes
- Negative Sentiment: COO Jeffrey Leitzell sold ~5,698 shares at about $150.32 (Mar 31), trimming his stake ~6% — an insider sale that may be viewed negatively by some investors despite being routine diversification. COO insider sale Form 4
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Citigroup increased their price target on EOG Resources from $115.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday. Roth Mkm restated a "neutral" rating and set a $110.00 price target on shares of EOG Resources in a research note on Wednesday, February 25th. The Goldman Sachs Group decreased their price objective on shares of EOG Resources from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Thursday, January 22nd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of EOG Resources in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $145.04.
Read Our Latest Report on EOG Resources
EOG Resources Company Profile
(
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.
Further Reading
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