EOG Resources (NYSE:EOG) COO Gary Thomas sold 12,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $163.85, for a total value of $1,966,200.00. Following the sale, the chief operating officer now directly owns 480,998 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on EOG. 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. Separately, 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. Finally, analysts at Barclays Capital reiterated a “buy” rating on shares of EOG Resources (NYSE:EOG) in a research note to investors on Monday, August 26th. They now have a $192.00 price target on the stock.
Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $170.92.
Shares of EOG Resources (NYSE:EOG) traded up 1.19% during mid-day trading on Monday, hitting $163.65. The stock had a trading volume of 1,875,448 shares. EOG Resources has a 52-week low of $107.76 and a 52-week high of $164.33. The stock has a 50-day moving average of $153.7 and a 200-day moving average of $135.6. The company has a market cap of $44.581 billion and a price-to-earnings ratio of 43.74. EOG Resources also was the target of unusually large options trading activity on Friday. Stock investors bought 7,612 put options on the company. This represents an increase of 362% compared to the average volume of 1,647 put options.
EOG Resources (NYSE:EOG) last released its earnings data on Tuesday, August 6th. The company reported $2.10 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.11 earnings per share. EOG Resources’s revenue was up 32.0% compared to the same quarter last year. On average, analysts predict that EOG Resources will post $7.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders 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 0.46%. 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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