EOG Resources (NYSE:EOG) CFO Ann Janssen Sells 4,161 Shares of Stock

EOG Resources, Inc. (NYSE:EOG) CFO Ann Janssen sold 4,161 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

EOG Resources Price Performance

EOG opened at $139.52 on Tuesday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $141.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company has a market capitalization of $74.85 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 3.75 and a beta of 0.44. The firm’s fifty day moving average price is $120.32 and its two-hundred day moving average price is $113.04.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Institutional Investors Weigh In On EOG Resources

Large investors have recently modified their holdings of the stock. Capital World Investors raised its holdings in shares of EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the period. Vanguard Group Inc. increased its position in EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after buying an additional 446,341 shares during the last quarter. State Street Corp increased its position in EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after buying an additional 100,080 shares during the last quarter. Capital Research Global Investors raised its stake in shares of EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after buying an additional 122,486 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after buying an additional 371,548 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EOG shares. Raymond James Financial boosted their target price on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Citigroup reaffirmed a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Sanford C. Bernstein reiterated a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. UBS Group boosted their price objective on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $138.23.

About EOG Resources

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.