Insider Selling: EOG Resources Inc (EOG) President Sells $215,900.00 in Stock

EOG Resources Inc (NYSE:EOG) President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the sale, the president now owns 1,046,430 shares in the company, valued at $112,962,118.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

EOG Resources Inc (EOG) opened at $112.17 on Friday. The stock has a market capitalization of $64,153.41, a PE ratio of 270.61, a P/E/G ratio of 5.15 and a beta of 0.98. EOG Resources Inc has a fifty-two week low of $81.99 and a fifty-two week high of $112.30. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates 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 was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.40) earnings per share. analysts anticipate that EOG Resources Inc will post 0.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 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 0.60%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s payout ratio is currently 6,700.00%.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Monday, December 18th. Imperial Capital assumed coverage on shares of EOG Resources in a research note on Thursday, September 28th. They set an “outperform” rating and a $115.00 price objective on the stock. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. Barclays lifted their price objective on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Finally, BMO Capital Markets set a $105.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $111.55.

Large investors have recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC purchased a new position in EOG Resources in the 3rd quarter worth about $101,000. Chicago Partners Investment Group LLC increased its stake in EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after purchasing an additional 712 shares in the last quarter. Fis Group Inc. purchased a new position in EOG Resources in the 3rd quarter worth about $130,000. Quantbot Technologies LP purchased a new position in EOG Resources in the 3rd quarter worth about $153,000. Finally, Zions Bancorporation increased its stake in EOG Resources by 5,268.6% in the 3rd quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock worth $182,000 after purchasing an additional 1,844 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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