EOG Resources CFO Sells $344,016 in Stock (EOG)
EOG Resources (NYSE:EOG) CFO Timothy Driggers sold 2,042 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $168.47, for a total transaction of $344,015.74. Following the completion of the sale, the chief financial officer now directly owns 62,658 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on EOG. Analysts at Zacks reiterated a “neutral” rating on shares of EOG Resources (NYSE:EOG) in a research note to investors on Friday. They now have a $176.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of EOG Resources (NYSE:EOG) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $200.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Credit Suisse reiterated a “hold” rating on shares of EOG Resources (NYSE:EOG) in a research note to investors on Monday, August 26th. They now have a $175.00 price target on the stock.
Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average price target of $172.40.
EOG Resources (NYSE:EOG) traded down 0.92% during mid-day trading on Friday, hitting $166.44. 1,044,701 shares of the company’s stock traded hands. EOG Resources has a 52-week low of $107.76 and a 52-week high of $168.77. The stock’s 50-day moving average is $156.5 and its 200-day moving average is $137.0. The company has a market cap of $45.341 billion and a P/E ratio of 45.44.
EOG Resources (NYSE:EOG) last released its earnings data on Tuesday, August 6th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.46. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. Analysts expect that EOG Resources will post $7.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.19 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, October 15th.
EOG Resources, Inc(NYSE:EOG) explores , develops, produces and markets crude oil and natural gas primarily in producing basins in the United States of America , Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom , The People’s Republic of China (China), the Argentine Republic (Argentina) and, from time to time, select other international areas.
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