Insider Selling: EOG Resources Inc (EOG) President Sells $6,268,000.00 in Stock

EOG Resources Inc (NYSE:EOG) President Gary L. Thomas sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $125.36, for a total value of $6,268,000.00. Following the completion of the transaction, the president now owns 988,947 shares in the company, valued at approximately $123,974,395.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EOG Resources stock opened at $125.79 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $126.48. The company has a market capitalization of $72.81 billion, a P/E ratio of 112.31, a PEG ratio of 3.43 and a beta of 1.05.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 3rd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.39. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. analysts predict that EOG Resources Inc will post 4.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be issued a dividend of $0.185 per share. The ex-dividend date is Monday, July 16th. This represents a $0.74 dividend on an annualized basis and a yield of 0.59%. EOG Resources’s payout ratio is 66.07%.

A number of hedge funds have recently modified their holdings of the business. Levin Capital Strategies L.P. bought a new stake in EOG Resources during the 1st quarter valued at $58,284,000. Parsons Capital Management Inc. RI raised its holdings in EOG Resources by 23.2% during the 1st quarter. Parsons Capital Management Inc. RI now owns 6,957 shares of the energy exploration company’s stock valued at $732,000 after acquiring an additional 1,310 shares during the period. CIBC World Markets Inc. bought a new stake in EOG Resources during the 1st quarter valued at $1,206,000. Moors & Cabot Inc. raised its holdings in EOG Resources by 271.7% during the 1st quarter. Moors & Cabot Inc. now owns 8,441 shares of the energy exploration company’s stock valued at $889,000 after acquiring an additional 6,170 shares during the period. Finally, Xact Kapitalforvaltning AB raised its holdings in EOG Resources by 8.9% during the 1st quarter. Xact Kapitalforvaltning AB now owns 61,690 shares of the energy exploration company’s stock valued at $6,494,000 after acquiring an additional 5,038 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on EOG shares. Credit Suisse Group set a $126.00 target price on EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley cut their target price on EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Stifel Nicolaus set a $136.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Imperial Capital set a $145.00 target price on EOG Resources and gave the stock an “outperform” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.57.

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.

Insider Buying and Selling by Quarter for EOG Resources (NYSE:EOG)

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