EOG Resources Inc (NYSE:EOG) Director Charles R. Crisp sold 420 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $86.49, for a total transaction of $36,325.80. Following the sale, the director now directly owns 50,296 shares in the company, valued at approximately $4,350,101.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
EOG opened at $86.74 on Thursday. The company has a fifty day moving average price of $79.98 and a 200-day moving average price of $78.07. The firm has a market capitalization of $50.22 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.90. EOG Resources Inc has a one year low of $64.33 and a one year high of $107.89.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 EPS for the quarter, meeting analysts’ consensus estimates of $1.13. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 EPS. On average, analysts expect that EOG Resources Inc will post 4.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.33%. EOG Resources’s dividend payout ratio (DPR) is currently 20.76%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EOG. MML Investors Services LLC grew its position in EOG Resources by 3.8% in the second quarter. MML Investors Services LLC now owns 7,473 shares of the energy exploration company’s stock worth $696,000 after acquiring an additional 274 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in EOG Resources by 100.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock worth $1,141,521,000 after acquiring an additional 6,128,570 shares in the last quarter. Captrust Financial Advisors grew its position in EOG Resources by 6.8% in the second quarter. Captrust Financial Advisors now owns 5,474 shares of the energy exploration company’s stock worth $510,000 after acquiring an additional 347 shares in the last quarter. HighTower Advisors LLC grew its position in EOG Resources by 0.9% in the second quarter. HighTower Advisors LLC now owns 88,085 shares of the energy exploration company’s stock worth $8,216,000 after acquiring an additional 775 shares in the last quarter. Finally, Aristotle Atlantic Partners LLC grew its position in EOG Resources by 4.6% in the second quarter. Aristotle Atlantic Partners LLC now owns 30,106 shares of the energy exploration company’s stock worth $2,804,000 after acquiring an additional 1,316 shares in the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.
EOG has been the topic of a number of analyst reports. Raymond James lowered their target price on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. KeyCorp lowered their target price on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Bank of America raised shares of EOG Resources from a “neutral” rating to a “buy” rating in a report on Monday, January 6th. Howard Weil initiated coverage on shares of EOG Resources in a report on Wednesday, November 13th. They set a “sector perform” rating on the stock. Finally, SunTrust Banks boosted their target price on shares of EOG Resources to $80.00 and gave the company a “hold” rating in a report on Friday, November 8th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $103.63.
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 People's Republic of China, and Canada.
Read More: Dividend Reinvestment Plan (DRIP)
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