EOG Resources Inc. (NYSE:EOG) CFO Timothy K. Driggers sold 8,763 shares of the business’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $93.44, for a total transaction of $818,814.72. Following the transaction, the chief financial officer now 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 this link.
Shares of EOG Resources Inc. (NYSE:EOG) opened at 89.75 on Friday. EOG Resources Inc. has a one year low of $57.15 and a one year high of $95.93. The company has a 50-day moving average of $90.99 and a 200 day moving average of $82.46. The stock’s market cap is $49.42 billion.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.10. The company earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The firm’s quarterly revenue was down 28.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, analysts predict that EOG Resources Inc. will post ($1.67) earnings per share for the current year.
EOG has been the subject of several research reports. Credit Suisse Group AG reiterated a “hold” rating on shares of EOG Resources in a research report on Thursday, June 2nd. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of EOG Resources in a research report on Wednesday, June 8th. Credit Agricole SA initiated coverage on shares of EOG Resources in a research report on Wednesday, June 22nd. They issued an “underperform” rating for the company. Barclays PLC upped their target price on shares of EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, July 14th. Finally, Tudor Pickering lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. EOG Resources has an average rating of “Hold” and an average price target of $91.96.
Large investors have recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock valued at $1,288,130,000 after buying an additional 2,246,141 shares during the period. JPMorgan Chase & Co. boosted its stake in EOG Resources by 25.1% in the first quarter. JPMorgan Chase & Co. now owns 10,518,779 shares of the energy exploration company’s stock valued at $763,452,000 after buying an additional 2,107,452 shares during the period. TIAA CREF Investment Management LLC boosted its stake in EOG Resources by 23.5% in the second quarter. TIAA CREF Investment Management LLC now owns 8,283,932 shares of the energy exploration company’s stock valued at $691,046,000 after buying an additional 1,578,007 shares during the period. Capital Research Global Investors boosted its stake in EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock valued at $3,599,663,000 after buying an additional 1,423,493 shares during the period. Finally, Wellington Management Group LLP boosted its stake in EOG Resources by 7.7% in the first quarter. Wellington Management Group LLP now owns 19,754,733 shares of the energy exploration company’s stock valued at $1,433,799,000 after buying an additional 1,419,018 shares during the period. 89.43% of the stock is owned by institutional investors.
About EOG Resources
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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