Ezra Yacob Sells 35,942 Shares of EOG Resources (NYSE:EOG) Stock

EOG Resources, Inc. (NYSE:EOG) CEO Ezra Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

EOG Resources Stock Down 1.3%

EOG opened at $144.95 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $139.64 and a 200-day moving average price of $135.92. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The stock has a market capitalization of $76.03 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the company posted $2.32 earnings per share. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

Institutional Investors Weigh In On EOG Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Summitry LLC lifted its position in EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 73 shares during the period. Twin Capital Management Inc. grew its holdings in EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares during the period. Sax Wealth Advisors LLC increased its stake in shares of EOG Resources by 2.8% during the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock valued at $377,000 after purchasing an additional 79 shares in the last quarter. Paladin Wealth LLC increased its stake in shares of EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock valued at $207,000 after purchasing an additional 80 shares in the last quarter. Finally, Hardy Reed LLC lifted its holdings in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after purchasing an additional 82 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on EOG shares. Mizuho set a $157.00 price objective on EOG Resources and gave the stock a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group reissued a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday. Sanford C. Bernstein cut their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $183.00 price objective on shares of EOG Resources in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average price target of $156.00.

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.