EOG Resources Inc (NYSE:EOG) EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the sale, the executive vice president now owns 45,424 shares in the company, valued at approximately $4,486,528.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of EOG opened at $99.12 on Friday. EOG Resources Inc has a twelve month low of $82.04 and a twelve month high of $133.53. The company has a market capitalization of $57.52 billion, a price-to-earnings ratio of 88.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.19. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 80.8% compared to the same quarter last year. Analysts expect that EOG Resources Inc will post 5.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, January 16th. EOG Resources’s dividend payout ratio is presently 78.57%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Advisors Inc. boosted its stake in shares of EOG Resources by 41.2% during the 3rd quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after acquiring an additional 143 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of EOG Resources by 0.5% during the 4th quarter. Moody National Bank Trust Division now owns 82,144 shares of the energy exploration company’s stock worth $7,163,000 after purchasing an additional 369 shares during the last quarter. Bainco International Investors raised its position in shares of EOG Resources by 0.5% during the 2nd quarter. Bainco International Investors now owns 84,702 shares of the energy exploration company’s stock worth $10,539,000 after purchasing an additional 438 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of EOG Resources by 0.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 63,469 shares of the energy exploration company’s stock worth $8,097,000 after purchasing an additional 490 shares during the last quarter. Finally, Citizens Financial Group Inc RI raised its position in shares of EOG Resources by 37.7% during the 3rd quarter. Citizens Financial Group Inc RI now owns 1,828 shares of the energy exploration company’s stock worth $233,000 after purchasing an additional 500 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on EOG shares. ValuEngine raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. BMO Capital Markets reissued a “buy” rating and set a $140.00 price target on shares of EOG Resources in a report on Thursday, October 11th. Piper Jaffray Companies set a $138.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Sunday, September 30th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Tuesday, October 16th. Finally, Barclays raised their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, November 15th. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $133.21.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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