EOG Resources (NYSE:EOG) COO Sells $250,000.00 in Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

EOG Resources Stock Performance

NYSE:EOG traded down $0.61 during trading hours on Monday, reaching $122.47. The stock had a trading volume of 2,345,672 shares, compared to its average volume of 4,870,488. The stock has a market cap of $66.45 billion, a P/E ratio of 12.21 and a beta of 0.49. The stock has a 50 day simple moving average of $109.27 and a 200 day simple moving average of $111.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $134.49.

Institutional Trading of EOG Resources

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its position in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the last quarter. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources in the fourth quarter worth $26,000. JCIC Asset Management Inc. bought a new position in EOG Resources in the third quarter valued at $32,000. Finally, Gen Wealth Partners Inc purchased a new stake in EOG Resources during the fourth quarter valued at about $30,000. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Capital One Financial lowered their target price on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group reduced their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Finally, Citigroup reiterated a “neutral” rating and set a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $134.30.

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.