EOG Resources Inc. (EOG) EVP Sells $415,152.00 in Stock
EOG Resources Inc. (NYSE:EOG) EVP Michael P. Donaldson sold 4,464 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $93.00, for a total value of $415,152.00. Following the transaction, the executive vice president now directly owns 68,683 shares of the company’s stock, valued at approximately $6,387,519. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
EOG Resources Inc. (NYSE:EOG) opened at 92.63 on Friday. EOG Resources Inc. has a 12 month low of $57.15 and a 12 month high of $98.32. The stock’s market capitalization is $53.40 billion. The stock has a 50 day moving average price of $93.58 and a 200 day moving average price of $86.96.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.09. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The firm earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company earned $0.02 earnings per share. EOG Resources’s revenue was down 2.5% on a year-over-year basis. Equities analysts predict that EOG Resources Inc. will post ($1.72) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, October 13th. EOG Resources’s payout ratio is -29.65%.
Several institutional investors have recently added to or reduced their stakes in EOG. Tortoise Investment Management LLC purchased a new position in EOG Resources during the second quarter valued at about $100,000. Baker Ellis Asset Management LLC purchased a new position in EOG Resources during the third quarter valued at about $101,000. ClariVest Asset Management LLC purchased a new position in EOG Resources during the third quarter valued at about $103,000. FTB Advisors Inc. increased its position in EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock valued at $110,000 after buying an additional 571 shares during the last quarter. Finally, Assetmark Inc. increased its position in EOG Resources by 4.4% in the third quarter. Assetmark Inc. now owns 1,175 shares of the energy exploration company’s stock valued at $114,000 after buying an additional 50 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. RBC Capital Markets reaffirmed a “hold” rating and set a $105.00 price objective (up previously from $98.00) on shares of EOG Resources in a research report on Tuesday. Royal Bank Of Canada raised their price objective on EOG Resources from $98.00 to $105.00 and gave the company a “sector perform” rating in a research report on Tuesday. Bank of America Corp. reaffirmed a “hold” rating and set a $110.00 price objective on shares of EOG Resources in a research report on Friday, November 4th. TheStreet raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $88.00 price objective on shares of EOG Resources in a research report on Wednesday, October 19th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. EOG Resources currently has an average rating of “Hold” and a consensus price target of $93.26.
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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