Jeffrey R. Leitzell Sells 4,037 Shares of EOG Resources, Inc. (NYSE:EOG) Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EOG Resources Trading Down 7.9 %

Shares of NYSE EOG opened at $110.39 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $60.88 billion, a PE ratio of 8.89, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a twelve month low of $109.20 and a twelve month high of $139.67. The stock has a fifty day simple moving average of $127.14 and a 200-day simple moving average of $127.80.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.53%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Hedge Funds Weigh In On EOG Resources

Several institutional investors have recently modified their holdings of the business. Capital World Investors grew its stake in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after buying an additional 781,282 shares during the period. Geode Capital Management LLC grew its position in shares of EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after buying an additional 234,067 shares in the last quarter. Northern Trust Corp increased its stake in shares of EOG Resources by 2.9% during the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after buying an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after acquiring an additional 365,115 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EOG shares. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Piper Sandler cut their price objective on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $144.67.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.