Insider Selling: EOG Resources, Inc. (NYSE:EOG) COO Sells 4,037 Shares of Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EOG Resources Stock Down 7.9 %

Shares of EOG stock opened at $110.39 on Friday. The stock has a market cap of $60.88 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a fifty day moving average price of $127.14 and a 200 day moving average price of $127.83. EOG Resources, Inc. has a one year low of $109.20 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.53%. EOG Resources’s dividend payout ratio is currently 34.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EOG shares. Morgan Stanley dropped their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Barclays cut their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Bank of America reissued a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $144.67.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently modified their holdings of the stock. Financial Life Planners bought a new stake in EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd boosted its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.