EOG Resources, Inc. (EOG) EVP Michael P. Donaldson Sells 6,167 Shares
EOG Resources, Inc. (NYSE:EOG) EVP Michael P. Donaldson sold 6,167 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the transaction, the executive vice president now directly owns 74,316 shares in the company, valued at approximately $7,245,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
EOG Resources, Inc. (NYSE EOG) traded down 0.03% on Friday, reaching $96.62. The company had a trading volume of 1,953,638 shares. The stock’s 50-day moving average price is $92.17 and its 200 day moving average price is $91.74. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37. The firm’s market capitalization is $55.79 billion.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post $0.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, October 16th. EOG Resources’s payout ratio is -131.37%.
A number of large investors have recently modified their holdings of EOG. BlackRock Inc. boosted its holdings in EOG Resources by 2,098.0% during the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. Capital Research Global Investors lifted its position in EOG Resources by 14.7% in the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after buying an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. lifted its position in EOG Resources by 64.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after buying an additional 2,083,122 shares in the last quarter. Capital World Investors lifted its position in EOG Resources by 9.9% in the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after buying an additional 1,568,085 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in EOG Resources by 49.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock worth $399,039,000 after buying an additional 1,452,947 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.
A number of brokerages have recently commented on EOG. Imperial Capital began coverage on EOG Resources in a report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 target price for the company. J P Morgan Chase & Co boosted their price objective on EOG Resources from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday. Robert W. Baird set a $114.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets set a $105.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada set a $107.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $108.28.
EOG Resources Company Profile
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.
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