EOG - Sell Alert: Michael P Donaldson Cashes Out $836K In EOG Resources Stock | Benzinga
Revealing a significant insider sell on May 14, Michael P Donaldson, EVP at EOG Resources (NYSE:EOG), as per the latest SEC filing.
What Happened: Donaldson opted to sell 6,418 shares of EOG Resources, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The transaction's total worth stands at $836,297.
The latest market snapshot at Wednesday morning reveals EOG Resources shares up by 0.32%, trading at $129.84.
Unveiling the Story Behind EOG Resources
EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2023, it reported net proven reserves of 4.5 billion barrels of oil equivalent. Net production averaged roughly 985,000 barrels of oil equivalent per day in 2023 at a ratio of 71% oil and natural gas liquids and 29% natural gas.
EOG Resources's Economic Impact: An Analysis
Revenue Growth: EOG Resources's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 4.57%. This signifies a substantial increase in the company's top-line earnings. When compared to others in ...