Insider Selling: EOG Resources Inc (EOG) EVP Sells $1,750,691.72 in Stock

EOG Resources Inc (NYSE:EOG) EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the transaction, the executive vice president now owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The transaction was disclosed in a filing with the SEC, which is available at this link.

EOG Resources Inc (NYSE EOG) opened at $115.70 on Monday. The firm has a market capitalization of $66,900.00, a PE ratio of 11,570.00, a PEG ratio of 4.93 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources Inc has a 1-year low of $81.99 and a 1-year high of $116.47.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. EOG Resources’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.40) EPS. sell-side analysts expect that EOG Resources Inc will post 0.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, January 16th. EOG Resources’s payout ratio is 6,700.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in EOG. Capital Research Global Investors grew its holdings in EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after purchasing an additional 5,368,941 shares during the period. Vanguard Group Inc. grew its holdings in EOG Resources by 2.6% during the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after purchasing an additional 1,058,276 shares during the period. Capital World Investors grew its holdings in EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares during the period. Northern Trust Corp grew its holdings in EOG Resources by 8.7% during the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after purchasing an additional 638,183 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in EOG Resources by 21.1% during the third quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock worth $620,361,000 after purchasing an additional 1,118,898 shares during the period. Institutional investors own 85.25% of the company’s stock.

EOG has been the subject of a number of research reports. Morgan Stanley set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Robert W. Baird set a $114.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 12th. Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. BMO Capital Markets set a $105.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $106.00 target price on shares of EOG Resources in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and a consensus target price of $114.38.

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About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

Insider Buying and Selling by Quarter for EOG Resources (NYSE:EOG)

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