EOG Resources Inc (NYSE:EOG) Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of EOG traded up $1.36 during midday trading on Thursday, hitting $89.93. 204,088 shares of the stock traded hands, compared to its average volume of 4,530,693. EOG Resources Inc has a 1-year low of $82.04 and a 1-year high of $133.53. The company has a market cap of $50.45 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the firm posted $0.69 EPS. The business’s revenue was up 36.9% compared to the same quarter last year. Analysts predict that EOG Resources Inc will post 4.43 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of EOG. Robeco Institutional Asset Management B.V. raised its position in EOG Resources by 54.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 93,883 shares of the energy exploration company’s stock valued at $11,977,000 after purchasing an additional 32,912 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of EOG Resources during the 3rd quarter valued at $204,000. Chicago Equity Partners LLC grew its position in shares of EOG Resources by 47.7% during the 3rd quarter. Chicago Equity Partners LLC now owns 6,190 shares of the energy exploration company’s stock valued at $790,000 after acquiring an additional 2,000 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of EOG Resources by 46.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,607 shares of the energy exploration company’s stock valued at $2,374,000 after acquiring an additional 5,941 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of EOG Resources by 218.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 45,045 shares of the energy exploration company’s stock valued at $5,747,000 after acquiring an additional 30,895 shares during the period. Institutional investors and hedge funds own 86.96% of the company’s stock.
A number of research firms have commented on EOG. Barclays reaffirmed a “buy” rating and issued a $138.00 price objective on shares of EOG Resources in a report on Wednesday. Wells Fargo & Co decreased their price objective on shares of EOG Resources from $116.00 to $99.00 and set a “market perform” rating for the company in a report on Wednesday. They noted that the move was a valuation call. ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Argus set a $120.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, TD Securities decreased their price objective on shares of EOG Resources from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $123.68.
EOG Resources Company Profile
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.
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