EOG Resources Inc. (NYSE:EOG) EVP Michael P. Donaldson sold 8,473 shares of EOG Resources stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $91.00, for a total transaction of $771,043.00. Following the transaction, the executive vice president now directly owns 66,566 shares in the company, valued at $6,057,506. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of EOG Resources Inc. (NYSE:EOG) opened at 88.56 on Wednesday. The firm’s market cap is $48.76 billion. The company has a 50-day moving average of $90.90 and a 200 day moving average of $82.85. EOG Resources Inc. has a 12-month low of $57.15 and a 12-month high of $95.93.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The company earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the business earned $0.28 earnings per share. EOG Resources’s revenue for the quarter was down 28.1% compared to the same quarter last year. Equities analysts predict that EOG Resources Inc. will post ($1.67) EPS for the current year.
A number of research analysts have weighed in on EOG shares. Citigroup Inc. lifted their price target on shares of EOG Resources from $88.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Deutsche Bank AG raised shares of EOG Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from $83.00 to $96.00 in a research report on Friday, August 5th. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, July 18th. Wunderlich raised shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $104.00 in a research report on Monday, August 8th. Finally, FBR & Co set a $108.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $91.96.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its position in shares of 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 last quarter. Carnick & Kubik Group LLC purchased a new position in shares of EOG Resources during the second quarter worth approximately $902,000. Williams Jones & Associates LLC raised its position in shares of 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 last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of EOG Resources during the second quarter worth approximately $1,854,000. Finally, Kentucky Retirement Systems purchased a new position in shares of EOG Resources during the second quarter worth approximately $3,904,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
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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