Insider Selling: EOG Resources (NYSE:EOG) CFO Sells 4,161 Shares of Stock

EOG Resources, Inc. (NYSE:EOG) CFO Ann Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

EOG Resources Stock Up 1.4%

EOG traded up $1.92 during trading on Monday, hitting $140.65. 2,951,589 shares of the company’s stock traded hands, compared to its average volume of 5,452,432. The stock has a market capitalization of $75.46 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 3.75 and a beta of 0.44. The company’s 50 day simple moving average is $119.64 and its two-hundred day simple moving average is $112.92. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $141.13. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter in the previous year, the business earned $2.74 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s payout ratio is presently 44.79%.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently bought and sold shares of EOG. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new stake in EOG Resources in the 4th quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the 4th quarter worth approximately $30,000. Gen Wealth Partners Inc bought a new stake in EOG Resources during the 4th quarter worth approximately $30,000. Finally, JCIC Asset Management Inc. purchased a new position in EOG Resources during the third quarter valued at approximately $32,000. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EOG has been the topic of several research reports. The Goldman Sachs Group dropped their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Royal Bank Of Canada set a $138.00 price target on EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Morgan Stanley set a $128.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Raymond James Financial lifted their price objective on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group upped their price objective on EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $138.23.

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.