EOG Resources, Inc. (NYSE:EOG) COO Sells $515,767.12 in Stock

EOG Resources, Inc. (NYSE:EOG - Get Free Report) COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

EOG Resources Trading Down 3.9 %

EOG Resources stock traded down $4.24 during trading on Tuesday, reaching $104.79. 5,530,963 shares of the company were exchanged, compared to its average volume of 3,148,747. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock's 50 day simple moving average is $126.67 and its two-hundred day simple moving average is $127.74. The company has a market capitalization of $57.80 billion, a P/E ratio of 8.44, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 52-week low of $101.90 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.72%. EOG Resources's payout ratio is currently 34.73%.

Wall Street Analyst Weigh In

EOG has been the subject of several research analyst reports. Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Williams Trading set a $154.00 target price on shares of EOG Resources in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. decreased their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $144.67.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Life Planners acquired a new position in EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd increased its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.