Insider Selling: EOG Resources (NYSE:EOG) COO Sells 2,000 Shares of Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey Leitzell sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

EOG Resources Stock Down 1.0%

Shares of NYSE:EOG traded down $1.11 during midday trading on Monday, hitting $106.16. 3,520,238 shares of the company’s stock were exchanged, compared to its average volume of 3,604,702. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $138.18. The company has a market cap of $57.60 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 8.41 and a beta of 0.49. The stock has a 50 day moving average price of $106.76 and a 200-day moving average price of $113.74.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 EPS. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is presently 40.64%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EOG. Caitong International Asset Management Co. Ltd boosted its holdings in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the second quarter worth about $29,000. JCIC Asset Management Inc. bought a new stake in EOG Resources during the third quarter worth about $32,000. ORG Partners LLC grew its holdings in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Finally, Keener Financial Planning LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $35,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EOG shares. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $131.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, December 8th. Piper Sandler cut their target price on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Mizuho set a $134.00 price target on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Roth Capital restated a “neutral” rating on shares of EOG Resources in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $138.29.

EOG Resources Company Profile

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.