Investors Sell Shares of EOG Resources (EOG) on Strength on Insider Selling

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Traders sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading hours on Wednesday following insider selling activity. $83.00 million flowed into the stock on the tick-up and $193.21 million flowed out of the stock on the tick-down, for a money net flow of $110.21 million out of the stock. Of all equities tracked, EOG Resources had the 0th highest net out-flow for the day. EOG Resources traded up $1.59 for the day and closed at $88.57Specifically, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares in the company, valued at $10,478,138.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the transaction, the executive vice president now owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The disclosure for this sale can be found here. In the last three months, insiders sold 6,834 shares of company stock valued at $640,668. Corporate insiders own 0.51% of the company’s stock.

Several brokerages have recently issued reports on EOG. Robert W. Baird restated a “buy” rating and issued a $133.00 price objective on shares of EOG Resources in a research note on Monday, December 3rd. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. MKM Partners began coverage on EOG Resources in a research note on Wednesday, December 5th. They issued a “buy” rating and a $133.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on EOG Resources from $133.00 to $118.00 and set a “hold” rating for the company in a research note on Tuesday, November 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average target price of $123.68.

The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.34 and a beta of 1.26.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.10). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The firm’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, analysts expect that EOG Resources Inc will post 4.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.99%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is currently 15.88%.

A number of institutional investors and hedge funds have recently modified their holdings of EOG. Robeco Institutional Asset Management B.V. grew its holdings in EOG Resources by 54.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 93,883 shares of the energy exploration company’s stock valued at $11,977,000 after purchasing an additional 32,912 shares during the period. Engineers Gate Manager LP acquired a new stake in EOG Resources in the third quarter valued at approximately $204,000. Chicago Equity Partners LLC boosted its stake in shares of EOG Resources by 47.7% in the third quarter. Chicago Equity Partners LLC now owns 6,190 shares of the energy exploration company’s stock worth $790,000 after acquiring an additional 2,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of EOG Resources by 46.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,607 shares of the energy exploration company’s stock worth $2,374,000 after acquiring an additional 5,941 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of EOG Resources in the third quarter worth approximately $844,000. 86.96% of the stock is currently owned by institutional investors.

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EOG Resources Company Profile (NYSE:EOG)

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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