EOG Resources (NYSE:EOG) EVP Michael Donaldson Sells 7,336 Shares

EOG Resources, Inc. (NYSE:EOG) EVP Michael Donaldson sold 7,336 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

EOG Resources Trading Up 0.7%

NYSE EOG traded up $1.07 during trading hours on Monday, reaching $148.43. The company had a trading volume of 3,544,756 shares, compared to its average volume of 4,166,381. The stock has a 50-day moving average of $143.10 and a 200 day moving average of $138.21. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year 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 $77.86 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 0.55 and a beta of 0.26.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the previous year, the firm earned $2.32 EPS. The business’s revenue was up 57.4% on a year-over-year basis. As a group, research analysts anticipate that EOG Resources, Inc. will post 16.75 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. EOG Resources’s payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Weiss Ratings raised EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Truist Financial raised their target price on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Seaport Research Partners started coverage on EOG Resources in a research report on Thursday, September 3rd. They issued a “neutral” rating for the company. Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Barclays set a $147.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $158.00.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently bought and sold shares of EOG. California State Teachers Retirement System boosted its position in shares of EOG Resources by 12,810.7% during the 2nd quarter. California State Teachers Retirement System now owns 80,957,747 shares of the energy exploration company’s stock worth $10,502,649,000 after acquiring an additional 80,330,686 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of EOG Resources during the 2nd quarter worth about $5,905,587,000. Geode Capital Management LLC lifted its stake in EOG Resources by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after purchasing an additional 95,260 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in EOG Resources by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock valued at $848,228,000 after purchasing an additional 54,091 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in EOG Resources by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company’s stock valued at $712,583,000 after purchasing an additional 259,015 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.