Jeffrey R. Leitzell Sells 4,000 Shares of EOG Resources, Inc. (NYSE:EOG) Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $1.50 during midday trading on Friday, reaching $126.21. 900,783 shares of the company were exchanged, compared to its average volume of 1,880,893. The stock has a market cap of $70.99 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. The business’s fifty day moving average is $127.18 and its two-hundred day moving average is $126.39. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

EOG Resources announced that its board has authorized a share repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of EOG Resources

Several hedge funds have recently made changes to their positions in EOG. Commonwealth Equity Services LLC raised its stake in shares of EOG Resources by 7.2% in the second quarter. Commonwealth Equity Services LLC now owns 97,268 shares of the energy exploration company’s stock valued at $12,243,000 after acquiring an additional 6,507 shares during the period. Ritholtz Wealth Management grew its stake in shares of EOG Resources by 5.8% during the second quarter. Ritholtz Wealth Management now owns 4,073 shares of the energy exploration company’s stock valued at $513,000 after buying an additional 225 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of EOG Resources by 12.2% in the second quarter. Simon Quick Advisors LLC now owns 2,602 shares of the energy exploration company’s stock worth $328,000 after buying an additional 283 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth approximately $209,000. Finally, Larson Financial Group LLC grew its position in EOG Resources by 8.7% in the 2nd quarter. Larson Financial Group LLC now owns 2,750 shares of the energy exploration company’s stock valued at $346,000 after acquiring an additional 220 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday. UBS Group cut their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. Finally, KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.48.

EOG Resources Company Profile

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.