Charles R. Crisp Sells 14,000 Shares of EOG Resources Inc. (EOG) Stock
EOG Resources Inc. (NYSE:EOG) Director Charles R. Crisp sold 14,000 shares of EOG Resources stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $92.69, for a total value of $1,297,660.00. Following the completion of the transaction, the director now owns 57,586 shares of the company’s stock, valued at $5,337,646.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of EOG Resources Inc. (NYSE:EOG) opened at 94.57 on Wednesday. EOG Resources Inc. has a 1-year low of $57.15 and a 1-year high of $98.32. The firm’s market cap is $54.52 billion. The company has a 50 day moving average of $93.54 and a 200 day moving average of $87.04.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ 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 business earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the company earned $0.02 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts forecast that EOG Resources Inc. will post ($1.79) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were issued a $0.1675 dividend. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $0.67 annualized dividend and a yield of 0.71%. EOG Resources’s dividend payout ratio is currently -29.65%.
EOG has been the subject of a number of research reports. Bank of America Corp. set a $100.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Friday, August 5th. Credit Suisse Group AG restated a “hold” rating and issued a $90.00 target price on shares of EOG Resources in a research note on Tuesday, August 9th. Barclays PLC decreased their target price on EOG Resources from $104.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, August 8th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Monday, July 25th. Finally, Deutsche Bank AG upgraded EOG Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $83.00 to $96.00 in a research note on Friday, August 5th. Sixteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $95.69.
A number of institutional investors have recently made changes to their positions in EOG. DNB Asset Management AS raised its position in shares of EOG Resources by 1.1% in the second quarter. DNB Asset Management AS now owns 97,448 shares of the energy exploration company’s stock valued at $8,129,000 after buying an additional 1,100 shares in the last quarter. British Columbia Investment Management Corp raised its stake in EOG Resources by 3.2% in the second quarter. British Columbia Investment Management Corp now owns 356,145 shares of the energy exploration company’s stock valued at $29,710,000 after buying an additional 10,995 shares during the period. CenturyLink Investment Management Co purchased a new stake in EOG Resources during the second quarter valued at $2,011,000. Stock Yards Bank & Trust Co. raised its stake in EOG Resources by 1.0% in the second quarter. Stock Yards Bank & Trust Co. now owns 112,178 shares of the energy exploration company’s stock valued at $9,358,000 after buying an additional 1,090 shares during the period. Finally, Boltwood Capital Management raised its stake in EOG Resources by 3.3% in the second quarter. Boltwood Capital Management now owns 4,720 shares of the energy exploration company’s stock valued at $394,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 89.70% of the company’s stock.
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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