Insider Selling: EOG Resources (NYSE:EOG) COO Sells $1,270,973.79 in Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey Leitzell sold 9,039 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the transaction, the chief operating officer owned 90,790 shares of the company’s stock, valued at approximately $12,765,981.90. This represents a 9.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

EOG Resources Trading Up 2.6%

EOG stock opened at $141.29 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $154.16. The firm has a market cap of $74.11 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.51 and a beta of 0.36. The business’s 50 day moving average is $144.42 and its 200-day moving average is $139.65. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.32 EPS. Equities analysts anticipate that EOG Resources, Inc. will post 16.85 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EOG shares. Morgan Stanley set a $157.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Barclays set a $147.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Monday, August 17th. Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Truist Financial upped their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $158.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EOG. SJS Investment Consulting Inc. increased its position in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $30,000. Financial Life Planners acquired a new position in shares of EOG Resources during the first quarter worth approximately $30,000. Wedbush Fund Advisers LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $31,000. Finally, Global Assets Advisory LLC bought a new stake in shares of EOG Resources during the first quarter valued at approximately $37,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Company Profile

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.