Insider Selling: EOG Resources VP Unloads 2,856 Shares of Stock (EOG)
EOG Resources (NYSE:EOG) VP Michael P. Donaldson unloaded 2,856 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $105.06, for a total transaction of $300,051.36. Following the completion of the transaction, the vice president now directly owns 53,523 shares of the company’s stock, valued at approximately $5,623,126. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of EOG Resources from $126.00 to $129.00 in a research note on Tuesday, May 20th. They now have an “overweight” rating on the stock. Separately, analysts at Guggenheim raised their price target on shares of EOG Resources from $106.00 to $114.00 in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock. Finally, analysts at KLR Group raised their price target on shares of EOG Resources from $4.00 to $130.00 in a research note on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $153.73.
Shares of EOG Resources (NYSE:EOG) traded up 0.75% on Tuesday, hitting $104.75. The stock had a trading volume of 1,452,805 shares. EOG Resources has a 1-year low of $62.265 and a 1-year high of $106.50. The stock has a 50-day moving average of $101.2 and a 200-day moving average of $90.7. The company has a market cap of $57.246 billion and a P/E ratio of 24.07.
EOG Resources (NYSE:EOG) last released its earnings data on Monday, May 5th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Analysts expect that EOG Resources will post $5.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, July 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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