EOG Resources Inc. (NYSE:EOG) CFO Timothy K. Driggers sold 8,763 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $93.44, for a total transaction of $818,814.72. Following the completion of the sale, the chief financial officer now directly owns 184,402 shares of the company’s stock, valued at $17,230,522.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of EOG Resources Inc. (NYSE:EOG) opened at 89.75 on Friday. The stock has a 50 day moving average of $90.99 and a 200-day moving average of $82.46. EOG Resources Inc. has a 12 month low of $57.15 and a 12 month high of $95.93. The firm’s market capitalization is $49.42 billion.
EOG Resources (NYSE:EOG) last announced its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was down 28.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources Inc. will post ($1.67) EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in EOG Resources by 6.8% in the second quarter. Macquarie Group Ltd. now owns 247,483 shares of the energy exploration company’s stock worth $20,646,000 after buying an additional 15,661 shares during the period. Carnick & Kubik Group LLC purchased a new position in EOG Resources during the second quarter worth $902,000. Williams Jones & Associates LLC raised its position in EOG Resources by 4.3% in the second quarter. Williams Jones & Associates LLC now owns 454,336 shares of the energy exploration company’s stock worth $37,901,000 after buying an additional 18,876 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in EOG Resources during the second quarter worth $1,854,000. Finally, Kentucky Retirement Systems purchased a new position in EOG Resources during the second quarter worth $3,904,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.
EOG has been the subject of several recent research reports. Credit Suisse Group AG restated a “hold” rating on shares of EOG Resources in a report on Thursday, June 2nd. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of EOG Resources in a report on Wednesday, June 8th. Credit Agricole SA initiated coverage on shares of EOG Resources in a report on Wednesday, June 22nd. They issued an “underperform” rating for the company. Barclays PLC boosted their price target on shares of EOG Resources from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, July 14th. Finally, Tudor Pickering lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $91.96.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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