Insider Selling: EOG Resources, Inc. (NYSE:EOG) EVP Sells 11,037 Shares of Stock

EOG Resources, Inc. (NYSE:EOG) EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

EOG Resources Stock Performance

NYSE EOG traded down $0.20 during trading hours on Wednesday, reaching $128.36. 561,682 shares of the company were exchanged, compared to its average volume of 3,131,506. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The business’s 50 day simple moving average is $126.18 and its 200-day simple moving average is $125.33. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $73.77 billion, a P/E ratio of 10.15, a P/E/G ratio of 2.15 and a beta of 1.30.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the company posted $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.84%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EOG. Susquehanna upped their price objective on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Mizuho increased their price target on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Wolfe Research initiated coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Sanford C. Bernstein reduced their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $144.15.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently modified their holdings of EOG. Federated Hermes Inc. grew its stake in EOG Resources by 15.4% during the fourth quarter. Federated Hermes Inc. now owns 11,324 shares of the energy exploration company’s stock valued at $1,370,000 after acquiring an additional 1,512 shares in the last quarter. Truist Financial Corp grew its stake in EOG Resources by 5.1% during the fourth quarter. Truist Financial Corp now owns 180,488 shares of the energy exploration company’s stock valued at $21,830,000 after acquiring an additional 8,746 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its stake in EOG Resources by 15.3% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 7,031 shares of the energy exploration company’s stock valued at $850,000 after acquiring an additional 931 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in EOG Resources by 51.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 11,455 shares of the energy exploration company’s stock valued at $1,385,000 after acquiring an additional 3,905 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its stake in EOG Resources by 7.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,340 shares of the energy exploration company’s stock valued at $525,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.