Insider Selling: EOG Resources Inc (EOG) EVP Sells 15,322 Shares of Stock
EOG Resources Inc (NYSE:EOG) EVP Michael P. Donaldson sold 15,322 shares of EOG Resources stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the transaction, the executive vice president now owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of EOG Resources Inc (NYSE:EOG) opened at $115.70 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The stock has a market cap of $66,900.00, a P/E ratio of 11,570.00, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. EOG Resources Inc has a 1 year low of $81.99 and a 1 year high of $116.47.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business earned ($0.40) earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. sell-side analysts anticipate that EOG Resources Inc will post 0.89 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd raised its position in shares of EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after buying an additional 4,144 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of EOG Resources in the third quarter valued at approximately $4,649,000. Wendell David Associates Inc. raised its position in shares of EOG Resources by 4.2% in the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after buying an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of EOG Resources by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock valued at $41,063,000 after buying an additional 1,957 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of EOG Resources by 6.9% in the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after buying an additional 17,107 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.
A number of equities analysts recently commented on EOG shares. Credit Suisse Group started coverage on EOG Resources in a report on Monday, December 11th. They set a “neutral” rating and a $106.00 price target for the company. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Robert W. Baird reduced their price target on EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a report on Monday, December 18th. Barclays lifted their price target on EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Finally, Piper Jaffray Companies reduced their price target on EOG Resources from $109.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $114.38.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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