Key Points
- COO Jeffrey Leitzell sold 9,039 EOG shares at an average price of $140.61, generating approximately $1.27 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving him with 90,790 shares.
- EOG reported quarterly EPS of $5.07 and revenue of $8.62 billion, exceeding analyst estimates, while revenue increased 57.4% year over year.
- The company declared a quarterly dividend of $1.02 per share, or $4.08 annualized, representing a 2.9% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $158.11.
EOG Resources, Inc. (NYSE:EOG - Get Free Report) COO Jeffrey Leitzell sold 9,039 shares of the business's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the transaction, the chief operating officer owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
EOG Resources Trading Down 0.7%
EOG Resources stock opened at $139.71 on Wednesday. The business has a 50 day moving average price of $144.63 and a two-hundred day moving average price of $139.56. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $154.16. The stock has a market cap of $73.28 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 0.52 and a beta of 0.26.
EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.32 EPS. As a group, equities analysts forecast that EOG Resources, Inc. will post 16.85 EPS for the current year.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's payout ratio is 31.75%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on EOG shares. UBS Group reiterated a "buy" rating and set a $183.00 target price (up from $158.00) on shares of EOG Resources in a research report on Monday, September 14th. Weiss Ratings raised shares of EOG Resources from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 8th. Truist Financial raised their price target on shares of EOG Resources from $134.00 to $153.00 and gave the stock a "hold" rating in a research note on Thursday, August 6th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. lowered their price objective on EOG Resources from $148.00 to $142.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $158.11.
View Our Latest Report on EOG
Institutional Investors Weigh In On EOG Resources
Several large investors have recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its position in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock valued at $26,000 after buying an additional 124 shares in the last quarter. Financial Life Planners acquired a new stake in shares of EOG Resources during the first quarter worth approximately $30,000. Wedbush Fund Advisers LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $31,000. Global Assets Advisory LLC bought a new position in shares of EOG Resources in the first quarter valued at approximately $37,000. Finally, Main Street Group LTD bought a new position in shares of EOG Resources in the first quarter valued at approximately $38,000. Institutional investors own 89.91% of the company's stock.
EOG Resources Company Profile
(
Get Free Report)
EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.
EOG's principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.
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