Insider Selling: EOG Resources (NYSE:EOG) EVP Sells $1,085,728.00 in Stock

EOG Resources, Inc. (NYSE:EOG) EVP Michael Donaldson sold 7,336 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the transaction, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

EOG Resources Stock Performance

Shares of EOG opened at $145.07 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock has a 50 day moving average price of $144.02 and a two-hundred day moving average price of $138.77. The firm has a market capitalization of $76.10 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.57 and a beta of 0.26. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $154.16.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the business posted $2.32 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 16.75 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 Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Analysts Set New Price Targets

EOG has been the subject of several recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $183.00 target price on shares of EOG Resources in a research note on Monday, August 3rd. Susquehanna restated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Seaport Research Partners initiated coverage on shares of EOG Resources in a research note on Thursday, September 3rd. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.00.

Hedge Funds Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. SJS Investment Consulting Inc. raised its position in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares during the period. Nemes Rush Group LLC bought a new position in shares of EOG Resources during the 4th quarter valued at approximately $30,000. Financial Life Planners purchased a new stake in shares of EOG Resources during the 1st quarter worth approximately $30,000. Wedbush Fund Advisers LLC purchased a new stake in shares of EOG Resources during the 2nd quarter worth approximately $31,000. Finally, Global Assets Advisory LLC bought a new stake in shares of EOG Resources in the 1st quarter worth approximately $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.