EOG Resources, Inc. (NYSE:EOG) CEO Ezra Y. Yacob Sells 4,729 Shares

EOG Resources, Inc. (NYSE:EOG) CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a document filed with the SEC, which is available at this link.

EOG Resources Price Performance

Shares of EOG opened at $123.27 on Friday. The stock has a 50 day simple moving average of $130.72 and a 200 day simple moving average of $122.47. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market capitalization of $70.84 billion, a PE ratio of 9.74 and a beta of 1.38.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the company earned $2.69 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts predict that EOG Resources, Inc. will post 12.19 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is 28.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC lifted its stake in EOG Resources by 309.7% in the 3rd quarter. Larson Financial Group LLC now owns 889 shares of the energy exploration company’s stock valued at $113,000 after acquiring an additional 672 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of EOG Resources by 4.2% in the third quarter. MGO One Seven LLC now owns 3,212 shares of the energy exploration company’s stock valued at $407,000 after purchasing an additional 128 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of EOG Resources by 3.5% in the third quarter. Corient Private Wealth LLC now owns 333,980 shares of the energy exploration company’s stock worth $42,337,000 after purchasing an additional 11,322 shares in the last quarter. Signaturefd LLC boosted its holdings in EOG Resources by 9.5% during the third quarter. Signaturefd LLC now owns 8,055 shares of the energy exploration company’s stock worth $1,021,000 after purchasing an additional 702 shares during the last quarter. Finally, Syon Capital LLC bought a new position in EOG Resources in the third quarter valued at $494,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Citigroup raised their price target on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday. Susquehanna lifted their target price on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Stifel Nicolaus cut their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Barclays assumed coverage on EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective for the company. Finally, Truist Financial downgraded shares of EOG Resources from a “buy” rating to a “hold” rating and cut their target price for the company from $163.00 to $136.00 in a research report on Thursday, May 16th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $142.09.

About EOG Resources

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.