EOG Resources (NYSE:EOG) Shares Gap Down – Time to Sell?

EOG Resources, Inc. (NYSE:EOG)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $134.07, but opened at $126.31. EOG Resources shares last traded at $125.1950, with a volume of 756,203 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on EOG shares. Wolfe Research raised their price objective on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. raised their price objective on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Roth Mkm lifted their target price on EOG Resources from $110.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group lifted their target price on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, The Goldman Sachs Group dropped their target price on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $151.11.

EOG Resources Stock Down 4.2%

The firm has a market capitalization of $68.81 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 2.68 and a beta of 0.32. The stock has a 50 day moving average of $132.12 and a 200 day moving average of $116.14. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.74 earnings per share. As a group, 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 Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,230 shares of company stock valued at $2,522,568 over the last quarter. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockland Trust Co. boosted its stake in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after acquiring an additional 11,965 shares during the period. Legal & General Group Plc raised its holdings in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after buying an additional 68,888 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of EOG Resources by 21.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after buying an additional 11,442 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of EOG Resources by 1,413.5% during the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after buying an additional 23,846 shares during the last quarter. Finally, L2 Asset Management LLC raised its holdings in shares of EOG Resources by 69.6% during the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after buying an additional 7,940 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.