EOG Resources (NYSE:EOG) CFO Sells $348,803.07 in Stock

EOG Resources, Inc. (NYSE:EOG) CFO Ann Janssen sold 2,597 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $134.31, for a total transaction of $348,803.07. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $13,464,040.26. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EOG Resources Stock Performance

EOG stock opened at $137.65 on Thursday. The stock’s 50 day simple moving average is $118.30 and its 200 day simple moving average is $112.78. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $137.81. The stock has a market capitalization of $73.85 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 3.67 and a beta of 0.44.

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

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a report on Monday. Johnson Rice lowered their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Citigroup restated a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group boosted their target price on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $138.23.

Institutional Trading of EOG Resources

Several large investors have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources during the 4th quarter valued at about $26,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources during the 4th quarter valued at approximately $30,000. Gen Wealth Partners Inc bought a new position in shares of EOG Resources during the 4th quarter valued at approximately $30,000. Finally, JCIC Asset Management Inc. purchased a new stake in EOG Resources in the 3rd quarter worth approximately $32,000. 89.91% of the stock is currently owned by institutional investors.

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.