EOG Resources Inc (NYSE:EOG) Director Frank G. Wisner sold 28,000 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $93.35, for a total value of $2,613,800.00. Following the completion of the sale, the director now directly owns 136,282 shares in the company, valued at $12,721,924.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of EOG Resources Inc (NYSE:EOG) traded up 2.05% during trading on Tuesday, reaching $95.29. 3,490,336 shares of the company were exchanged. EOG Resources Inc has a 1-year low of $69.66 and a 1-year high of $109.37. The firm’s market capitalization is $54.97 billion. The company’s 50-day moving average is $97.51 and its 200 day moving average is $97.76.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Monday, February 27th. The energy exploration company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.17. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm earned ($0.27) earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. Equities research analysts expect that EOG Resources Inc will post $1.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Thursday, April 13th will be paid a dividend of $0.1675 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. EOG Resources’s dividend payout ratio is presently -29.65%.
Institutional investors have recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC acquired a new position in EOG Resources during the third quarter worth about $101,000. ClariVest Asset Management LLC acquired a new position in EOG Resources during the third quarter worth about $103,000. FTB Advisors Inc. increased its position in EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock worth $110,000 after buying an additional 571 shares in the last quarter. Assetmark Inc. increased its position in EOG Resources by 4.4% in the third quarter. Assetmark Inc. now owns 1,175 shares of the energy exploration company’s stock worth $114,000 after buying an additional 50 shares in the last quarter. Finally, First Interstate Bank increased its position in EOG Resources by 27.5% in the fourth quarter. First Interstate Bank now owns 1,165 shares of the energy exploration company’s stock worth $118,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.
Several analysts recently issued reports on the company. Scotiabank set a $104.00 target price on EOG Resources and gave the stock a “hold” rating in a research note on Monday. Tudor Pickering upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, March 6th. KLR Group restated a “buy” rating and issued a $128.00 price objective on shares of EOG Resources in a report on Wednesday, March 1st. Barclays PLC restated a “buy” rating and issued a $113.00 price objective on shares of EOG Resources in a report on Friday, January 27th. Finally, BMO Capital Markets restated a “buy” rating and issued a $110.00 price objective on shares of EOG Resources in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. EOG Resources currently has a consensus rating of “Buy” and a consensus price target of $103.79.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.