EOG Resources (NYSE:EOG) CEO Sells $5,466,778.20 in Stock

EOG Resources, Inc. (NYSE:EOG) CEO Ezra Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $144.51 on Friday. The business’s fifty day moving average price is $139.93 and its 200 day moving average price is $136.14. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $75.80 billion, a P/E ratio of 11.25, a PEG ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm’s revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 earnings per share. As a group, research analysts anticipate that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s payout ratio is presently 31.75%.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new stake in EOG Resources during the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources during the 4th quarter valued at approximately $30,000. Finally, Financial Life Planners purchased a new stake in EOG Resources during the 1st quarter worth approximately $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research reports. Citigroup restated a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday. Sanford C. Bernstein decreased their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Truist Financial raised their target price on shares of EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Finally, Susquehanna restated a “positive” rating and set a $170.00 target price (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $156.33.

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.