Charles R. Crisp Sells 1,792 Shares of EOG Resources Inc (EOG) Stock
EOG Resources Inc (NYSE:EOG) Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the sale, the director now directly owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of EOG stock opened at $116.62 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. EOG Resources Inc has a twelve month low of $91.17 and a twelve month high of $131.60. The company has a market capitalization of $67.73 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.73 and a beta of 1.04.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.13. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the business earned $0.08 EPS. The firm’s revenue was up 62.2% compared to the same quarter last year. research analysts forecast that EOG Resources Inc will post 5.62 EPS for the current year.
EOG has been the subject of a number of recent research reports. Mizuho initiated coverage on EOG Resources in a research note on Monday, July 23rd. They set a “buy” rating and a $173.00 price target for the company. Societe Generale raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Robert W. Baird raised their price target on EOG Resources from $145.00 to $157.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 19th. ValuEngine downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Morgan Stanley initiated coverage on EOG Resources in a research note on Thursday, July 12th. They set an “equal weight” rating and a $128.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $135.33.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in EOG Resources by 0.6% in the 2nd quarter. BlackRock Inc. now owns 35,327,623 shares of the energy exploration company’s stock valued at $4,395,816,000 after buying an additional 212,583 shares during the last quarter. FMR LLC grew its holdings in EOG Resources by 17.5% in the 2nd quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock valued at $3,199,115,000 after buying an additional 3,822,930 shares during the last quarter. Royal Bank of Canada grew its holdings in EOG Resources by 0.8% in the 1st quarter. Royal Bank of Canada now owns 4,262,600 shares of the energy exploration company’s stock valued at $448,722,000 after buying an additional 31,734 shares during the last quarter. Morgan Stanley grew its holdings in EOG Resources by 11.1% in the 2nd quarter. Morgan Stanley now owns 3,447,371 shares of the energy exploration company’s stock valued at $428,957,000 after buying an additional 343,550 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in EOG Resources by 2.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,198,074 shares of the energy exploration company’s stock valued at $273,507,000 after buying an additional 58,842 shares during the last quarter. 86.16% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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