EOG Resources (NYSE:EOG) Announces Quarterly Earnings Results

EOG Resources (NYSE:EOGGet Free Report) issued its earnings results on Tuesday. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.20, FiscalAI reports. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.

EOG Resources Trading Down 0.5%

EOG stock traded down $0.71 on Tuesday, reaching $140.90. The company’s stock had a trading volume of 3,983,733 shares, compared to its average volume of 5,003,906. The business has a fifty day simple moving average of $134.92 and a two-hundred day simple moving average of $117.72. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87. The firm has a market cap of $75.48 billion, a PE ratio of 15.47, a PEG ratio of 1.73 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock valued at $2,522,568 in the last ninety days. 0.14% of the stock is currently owned by insiders.

Institutional Trading of EOG Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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 stake in EOG Resources in the fourth quarter worth about $26,000. Gen Wealth Partners Inc purchased a new stake in EOG Resources in the fourth quarter worth about $30,000. Wilkerson Advisory Group LLC purchased a new stake in EOG Resources in the fourth quarter worth about $38,000. Finally, Osterweis Capital Management Inc. lifted its holdings in EOG Resources by 3,790.0% in the second quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock worth $47,000 after buying an additional 379 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings raised EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. BMO Capital Markets upped their target price on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. upped their target price on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Citigroup cut their price target on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Capital One Financial upped their price target on shares of EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.68.

Read Our Latest Stock Report on EOG

EOG Resources News Roundup

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EOG Resources Company Profile

(Get Free Report)

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.

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Earnings History for EOG Resources (NYSE:EOG)

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