EOG Resources Inc (NYSE:EOG) Director Charles R. Crisp sold 420 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $86.49, for a total value of $36,325.80. Following the completion of the sale, the director now owns 50,296 shares of the company’s stock, valued at $4,350,101.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
EOG stock opened at $86.74 on Thursday. The company has a market capitalization of $50.22 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.08. EOG Resources Inc has a 52-week low of $64.33 and a 52-week high of $107.89. The business has a 50-day simple moving average of $79.98 and a two-hundred day simple moving average of $78.07.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The company’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. As a group, sell-side analysts forecast that EOG Resources Inc will post 4.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.33%. EOG Resources’s dividend payout ratio (DPR) is currently 20.76%.
Several analysts have recently commented on EOG shares. SunTrust Banks raised their target price on EOG Resources to $80.00 and gave the company a “hold” rating in a research note on Friday, November 8th. They noted that the move was a valuation call. Johnson Rice upgraded EOG Resources from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Bank of America upgraded EOG Resources from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. Morgan Stanley restated a “hold” rating and issued a $97.00 target price on shares of EOG Resources in a research note on Wednesday, November 13th. Finally, Citigroup reduced their target price on EOG Resources from $93.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $103.63.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in EOG Resources by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 45,641,750 shares of the energy exploration company’s stock valued at $4,251,986,000 after purchasing an additional 473,441 shares during the last quarter. BlackRock Inc. boosted its stake in EOG Resources by 3.5% during the 2nd quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after purchasing an additional 1,201,811 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in EOG Resources by 100.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after purchasing an additional 6,128,570 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in EOG Resources by 32,106.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after purchasing an additional 8,194,083 shares during the last quarter. Finally, Findlay Park Partners LLP boosted its stake in EOG Resources by 23.3% during the 3rd quarter. Findlay Park Partners LLP now owns 4,311,240 shares of the energy exploration company’s stock valued at $319,980,000 after purchasing an additional 815,455 shares during the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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