EOG Resources Inc. (EOG) EVP David W. Trice Sells 4,600 Shares
EOG Resources Inc. (NYSE:EOG) EVP David W. Trice sold 4,600 shares of EOG Resources stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the sale, the executive vice president now directly owns 62,050 shares in the company, valued at approximately $6,023,814. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of EOG Resources Inc. (NYSE:EOG) opened at 95.14 on Wednesday. The firm’s 50 day moving average is $91.62 and its 200-day moving average is $83.58. EOG Resources Inc. has a one year low of $57.15 and a one year high of $97.20. The firm’s market capitalization is $52.39 billion.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was down 28.1% on a year-over-year basis. On average, equities research analysts predict that EOG Resources Inc. will post ($1.67) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a $0.1675 dividend. The ex-dividend date is Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.70%. EOG Resources’s dividend payout ratio is currently -7.14%.
A number of institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock worth $3,599,663,000 after buying an additional 1,423,493 shares in the last quarter. Vanguard Group Inc. increased its position in shares of EOG Resources by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,329,789 shares of the energy exploration company’s stock valued at $3,280,891,000 after buying an additional 680,874 shares during the period. State Street Corp increased its position in shares of EOG Resources by 1.0% in the second quarter. State Street Corp now owns 27,064,265 shares of the energy exploration company’s stock valued at $2,257,702,000 after buying an additional 268,950 shares during the period. Wellington Management Group LLP increased its position in shares of EOG Resources by 7.7% in the first quarter. Wellington Management Group LLP now owns 19,754,733 shares of the energy exploration company’s stock valued at $1,433,799,000 after buying an additional 1,419,018 shares during the period. Finally, Capital World Investors increased its position in shares of EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock valued at $1,288,130,000 after buying an additional 2,246,141 shares during the period. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Several analysts have recently weighed in on EOG shares. Barclays PLC reaffirmed an “overweight” rating on shares of EOG Resources in a report on Friday, September 30th. FBR & Co started coverage on shares of EOG Resources in a report on Tuesday, September 13th. They issued an “outperform” rating and a $108.00 target price on the stock. Simmons reaffirmed an “overweight” rating and issued a $109.00 target price (up previously from $103.00) on shares of EOG Resources in a report on Friday, September 9th. Credit Agricole SA lifted their target price on shares of EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a report on Wednesday, September 7th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $98.00 price objective (up previously from $95.00) on shares of EOG Resources in a research note on Wednesday, September 7th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $91.96.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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