Insider Selling: Gary L. Thomas Unloads 9,880 Shares of EOG Resources Stock (EOG)
EOG Resources (NYSE:EOG) COO Gary L. Thomas sold 9,880 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $115.68, for a total value of $1,142,918.40. Following the completion of the sale, the chief operating officer now directly owns 957,460 shares of the company’s stock, valued at approximately $110,758,973. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of EOG Resources (NYSE:EOG) traded down 0.60% on Thursday, hitting $115.32. The stock had a trading volume of 1,771,826 shares. EOG Resources has a 52-week low of $65.01 and a 52-week high of $118.89. The stock has a 50-day moving average of $107.8 and a 200-day moving average of $94.99. The company has a market cap of $63.023 billion and a P/E ratio of 26.86.
EOG Resources (NYSE:EOG) last announced its earnings results on Monday, May 5th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts predict that EOG Resources will post $5.53 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on EOG shares. Analysts at Zacks reiterated a “neutral” rating on shares of EOG Resources in a research note on Thursday. They now have a $122.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “positive” rating on shares of EOG Resources in a research note on Thursday, June 19th. Finally, analysts at KLR Group downgraded shares of EOG Resources from a “buy” rating to an “accumulate” rating in a research note on Thursday, June 19th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus target price of $113.14.
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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