EOG Resources, Inc. (NYSE:EOG) COO Sells $515,767.12 in Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

EOG Resources Stock Performance

Shares of EOG opened at $110.39 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm’s 50 day moving average is $127.14 and its 200-day moving average is $127.83. EOG Resources, Inc. has a 12-month low of $109.20 and a 12-month high of $139.67. The stock has a market capitalization of $60.88 billion, a P/E ratio of 8.89, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.53%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Hedge Funds Weigh In On EOG Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division grew its holdings in shares of EOG Resources by 2.7% during the first quarter. Moody National Bank Trust Division now owns 11,181 shares of the energy exploration company’s stock valued at $1,434,000 after buying an additional 291 shares in the last quarter. Versant Capital Management Inc grew its stake in EOG Resources by 62.6% during the 1st quarter. Versant Capital Management Inc now owns 1,839 shares of the energy exploration company’s stock valued at $236,000 after acquiring an additional 708 shares in the last quarter. 111 Capital acquired a new position in shares of EOG Resources in the 4th quarter valued at about $680,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $2,121,000. Finally, Audent Global Asset Management LLC boosted its holdings in shares of EOG Resources by 427.3% during the fourth quarter. Audent Global Asset Management LLC now owns 12,639 shares of the energy exploration company’s stock worth $1,549,000 after purchasing an additional 10,242 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on EOG. Wells Fargo & Company lowered their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Citigroup lowered their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, UBS Group reduced their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $144.67.

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.