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Jeffrey R. Leitzell, Executive Vice President and COO of EOG Resources Inc (NYSE:EOG), a $67 billion market cap energy company with a GREAT financial health score according to InvestingPro, sold 3,952 shares of common stock on June 30 and July 1, 2025, for approximately $472,856. The shares were sold at a price of $119.65, with the stock currently trading at an attractive P/E ratio of 11.3x while maintaining a 3.37% dividend yield backed by 36 consecutive years of payments.
According to a Form 4 filing with the Securities and Exchange Commission, Leitzell also exercised stock appreciation rights, acquiring 8,640 shares of EOG Resources at an exercise price of $75.09, for a total value of $648777 on June 30. On the same day, Leitzell disposed of 5,421 shares for $648893, at a price of $119.70, and 1,267 shares for $151659, at a price of $119.70. InvestingPro analysis reveals 8 additional key insights about EOG’s financial strength and market position, available exclusively to subscribers.
In other recent news, EOG Resources completed a $3.5 billion debt offering, issuing senior unsecured notes with varying maturities and interest rates. The company has structured these notes to rank equally with its other unsecured debts. UBS has reiterated its Buy rating for EOG Resources, maintaining a $140 price target while expecting EOG’s second-quarter production to reach the higher end of its guidance. The firm also anticipates updates on EOG’s return of capital plans and its Utica operations. Stephens initiated coverage on EOG Resources with an Equal Weight rating, citing the company’s strong balance sheet and projected free cash flow of approximately $4 billion. The firm noted EOG’s potential to repurchase shares and its increased dividend yield of 3.5%. Jefferies raised its price target for EOG Resources to $148, following discussions about the company’s Encino acquisition and its expected synergies. The acquisition is projected to provide significant EBITDA and cash flow accretion, further enhancing EOG’s strategic positioning.
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