EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell Sells 3,951 Shares

EOG Resources, Inc. (NYSE:EOG - Get Free Report) COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $1.63 during trading on Friday, hitting $124.51. 1,437,151 shares of the stock were exchanged, compared to its average volume of 3,404,661. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock's fifty day moving average is $115.78 and its 200 day moving average is $121.26. The stock has a market cap of $67.95 billion, a PE ratio of 11.55, a P/E/G ratio of 9.94 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. EOG Resources's revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.28%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EOG. Bank Pictet & Cie Europe AG boosted its stake in EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after purchasing an additional 89,521 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of EOG Resources by 58.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,623 shares of the energy exploration company's stock worth $437,000 after acquiring an additional 1,339 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp lifted its stake in shares of EOG Resources by 31.6% in the 4th quarter. Jones Financial Companies Lllp now owns 9,529 shares of the energy exploration company's stock worth $1,168,000 after acquiring an additional 2,290 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $90,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOG has been the topic of a number of recent research reports. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Jefferies Financial Group reissued a "buy" rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Piper Sandler reduced their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Susquehanna cut their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $139.48.

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.