EOG Resources (NYSE:EOG) COO Jeffrey Leitzell Sells 2,000 Shares

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

EOG Resources Trading Down 1.0%

EOG opened at $106.22 on Tuesday. The business has a fifty day moving average price of $106.75 and a 200 day moving average price of $113.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $138.18. The stock has a market capitalization of $57.63 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 8.41 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the company earned $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in EOG Resources during the 2nd quarter worth $29,000. JCIC Asset Management Inc. acquired a new position in EOG Resources in the third quarter valued at $32,000. ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of EOG Resources during the second quarter worth about $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EOG. Citigroup reaffirmed a “neutral” rating and set a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $131.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. Barclays set a $136.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada boosted their target price on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 price target on shares of EOG Resources in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $138.29.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.