EOG Resources Inc (NYSE:EOG) President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the transaction, the president now directly owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of EOG Resources Inc (NYSE:EOG) opened at $114.37 on Friday. EOG Resources Inc has a 52 week low of $81.99 and a 52 week high of $116.47. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $66,130.91, a P/E ratio of 278.95, a PEG ratio of 4.62 and a beta of 0.98.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. research analysts forecast that EOG Resources Inc will post 0.92 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in EOG. Schroder Investment Management Group raised its stake in shares of EOG Resources by 13.2% during the second quarter. Schroder Investment Management Group now owns 12,110 shares of the energy exploration company’s stock worth $1,090,000 after purchasing an additional 1,415 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of EOG Resources during the second quarter worth approximately $445,000. HPM Partners LLC raised its stake in shares of EOG Resources by 32.0% during the second quarter. HPM Partners LLC now owns 23,018 shares of the energy exploration company’s stock worth $2,084,000 after purchasing an additional 5,578 shares during the last quarter. Aberdeen Asset Management PLC UK grew its holdings in EOG Resources by 4.9% during the second quarter. Aberdeen Asset Management PLC UK now owns 5,022,672 shares of the energy exploration company’s stock worth $454,652,000 after acquiring an additional 234,254 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in EOG Resources by 8.0% during the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock worth $625,910,000 after acquiring an additional 511,099 shares during the period. Institutional investors and hedge funds own 85.28% of the company’s stock.
A number of brokerages have recently commented on EOG. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Monday, January 15th. BMO Capital Markets restated a “buy” rating and set a $120.00 target price on shares of EOG Resources in a research note on Thursday, January 11th. Cowen set a $115.00 target price on EOG Resources and gave the stock a “hold” rating in a research note on Thursday. Piper Jaffray Companies restated a “buy” rating and set a $118.00 target price on shares of EOG Resources in a research note on Tuesday, January 9th. Finally, Imperial Capital restated an “outperform” rating and set a $120.00 target price (up previously from $115.00) on shares of EOG Resources in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average price target of $114.52.
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EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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