Ezra Y. Yacob, chairman and CEO of EOG Resources Inc., sold 35,942 common shares on August 24 for approximately $5.47 million, according to a regulatory filing dated August 25.
The weighted average sale price was $152.097 per share, with individual transactions ranging from $152.070 to $152.202. Following the sale, Yacob holds 242,450.747 shares directly in the company.
The stock sale occurred as EOG Resources traded near its 52-week high of $153.67. Year-to-date, the company's shares have gained 43%, with a market capitalization of $78.79 billion. The company maintains a trailing P/E ratio of 11.53 and has paid dividends for 37 consecutive years.
EOG Resources reported adjusted earnings of $5.70 per share in the second quarter, surpassing analyst estimates of $4.99 per share. Net profit for the quarter was $5.07 per share, also above forecasts. Quarterly revenue reached $8.62 billion, an 8% increase over the projected $7.99 billion.
