EOG Resources, Inc. (NYSE:EOG – Get Free Report) CEO Ezra Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
EOG Resources Trading Down 2.2%
NYSE EOG traded down $3.31 on Tuesday, reaching $146.90. The stock had a trading volume of 2,307,119 shares, compared to its average volume of 4,250,936. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $139.11 and a two-hundred day moving average price of $135.47. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm has a market capitalization of $77.05 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 0.57 and a beta of 0.25.
EOG Resources (NYSE:EOG – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the business posted $2.32 earnings per share. The company’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.
EOG Resources Dividend Announcement
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ilmarinen Mutual Pension Insurance Co grew its position in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after purchasing an additional 24,500 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after acquiring an additional 7,877 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after acquiring an additional 24,984 shares during the last quarter. Cumberland Partners Ltd lifted its position in EOG Resources by 432.0% during the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after acquiring an additional 12,562 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of EOG Resources by 8.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after purchasing an additional 24,960 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on EOG. Stephens cut their target price on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. DA Davidson upped their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. UBS Group reduced their price objective on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Finally, Morgan Stanley set a $157.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.22.
Get Our Latest Report on EOG Resources
About EOG Resources
EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).
As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.
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