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

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

EOG Resources Trading Down 0.7%

Shares of EOG stock traded down $0.92 during mid-day trading on Tuesday, reaching $139.71. The stock had a trading volume of 2,325,973 shares, compared to its average volume of 4,126,053. The firm has a market capitalization of $73.28 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.52 and a beta of 0.26. The stock’s 50-day moving average price is $144.70 and its two-hundred day moving average price is $139.51. 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, Inc. has a 52-week low of $101.59 and a 52-week high of $154.16.

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

EOG Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Weiss Ratings upgraded shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Citigroup restated a “neutral” rating and issued a $150.00 price objective (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. Finally, Freedom Capital cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus price target of $158.11.

Check Out Our Latest Stock Analysis on EOG Resources

Hedge Funds Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently bought and sold shares of EOG. QRG Capital Management Inc. grew its stake in shares of EOG Resources by 5.9% in the second quarter. QRG Capital Management Inc. now owns 95,517 shares of the energy exploration company’s stock worth $12,391,000 after acquiring an additional 5,327 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in EOG Resources by 1.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,888 shares of the energy exploration company’s stock valued at $1,931,000 after purchasing an additional 185 shares during the period. Sequoia Financial Advisors LLC lifted its position in EOG Resources by 14.8% during the second quarter. Sequoia Financial Advisors LLC now owns 26,193 shares of the energy exploration company’s stock valued at $3,398,000 after purchasing an additional 3,373 shares during the period. National Pension Service boosted its holdings in EOG Resources by 0.5% in the second quarter. National Pension Service now owns 1,956,669 shares of the energy exploration company’s stock worth $253,839,000 after purchasing an additional 9,738 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in EOG Resources in the second quarter worth approximately $587,000. Institutional investors own 89.91% of the company’s stock.

About EOG Resources

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for EOG Resources (NYSE:EOG)

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