EOG Resources, Inc. (NYSE:EOG) Director Frank G. Wisner sold 1,000 shares of EOG Resources stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $102.94, for a total value of $102,940.00. Following the completion of the transaction, the director now owns 107,862 shares of the company’s stock, valued at approximately $11,103,314.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of EOG Resources, Inc. (NYSE:EOG) opened at 101.58 on Wednesday. The firm’s market capitalization is $58.56 billion. EOG Resources, Inc. has a 52-week low of $62.53 and a 52-week high of $109.37. The stock’s 50 day moving average is $103.71 and its 200-day moving average is $94.88.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. The company earned $2.12 billion during the quarter, compared to the consensus estimate of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. EOG Resources’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post ($1.77) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Thursday, January 12th. EOG Resources’s payout ratio is currently -29.65%.
Several large investors have recently added to or reduced their stakes in EOG. Tortoise Investment Management LLC bought a new stake in EOG Resources during the second quarter valued at $100,000. Baker Ellis Asset Management LLC acquired a new stake in shares of EOG Resources during the third quarter worth $101,000. ClariVest Asset Management LLC acquired a new stake in shares of EOG Resources during the third quarter worth $103,000. FTB Advisors Inc. increased its stake in shares of 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. Finally, Assetmark Inc. increased its stake in shares of 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. 85.12% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on EOG shares. Jefferies Group LLC restated a “hold” rating and issued a $88.00 price target on shares of EOG Resources in a research note on Wednesday, October 19th. Guggenheim upgraded EOG Resources from a “neutral” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, November 11th. Stifel Nicolaus upgraded EOG Resources from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $120.00 in a research note on Thursday, December 1st. Vetr upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $107.42 price objective for the company in a research note on Monday, November 28th. Finally, Wunderlich boosted their price objective on EOG Resources from $104.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, October 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $101.49.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.