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Chairman & CEO of EOG Resources Inc. Mark G. Papa sold 65,000 shares

August 08, 2012 | About:

EOG Resources Inc. is engaged, either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations, in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the U.S., as well as in Canada and Trinidad. EOG Resources Inc. has a market cap of $28.78 billion; its shares were traded at around $107.85 with a P/E ratio of 24.8 and P/S ratio of 2.8. The dividend yield of EOG Resources Inc. stocks is 0.6%. EOG Resources Inc. had an annual average earnings growth of 14.9% over the past 10 years.

Chairman and CEO of EOG Resources Inc. (NYSE:EOG) Mark G. Papa sold 65,000 shares in Aug. 6, 2012 at an average price of $105.9. The total transaction amount is $6,883,500.

Since September 1998, Mr. Mark G. Papa served as CEO, and since August 1999, served as chairman of the board of EOG Resources. Before that, Mr. Mark G. Papa has been the chief operating officer and president of the company.

On March 15, 2012, Chairman and CEO Mark G. Papa sold 100,000 shares of EOG stock at the average price of $115.17. Vice President and CFO Timothy K. Driggers sold 7,000 shares of EOG stock on March 30, 2012 at the average price of $110. Other directors and officers have also sold shares of EOG stock.

An increase of 40.39% since the previous quarter, GuruFocus Guru Andreas Halvorsen owns 991,549 shares as of March 31, 2012. GuruFocus Gurus PRIMECAP Management, Tom Gayner, Ruane Cunniff, and Mario Gabelli have left their positions in EOG Resources unchanged or slightly adjusted. Jean-Marie Eveillard, Chris Davis, Ken Fisher, and Meridian Funds reduced their position in the Company. GuruFocus Guru John Keeley sold out his position in EOG.

EOG reported their 2012 second quarter results. The company reported net income of $395.8 million, or $1.47 per share and net operating revenues of $2.9 billion.

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