Insider Trading February 23, 2026

EOG Resources COO Executes $250,000 Stock Sale Under 10b5-1 Plan

Jeffrey Leitzell sold 2,000 shares amid approaching earnings and mixed analyst views on production and commodity outlooks

By Marcus Reed EOG
EOG Resources COO Executes $250,000 Stock Sale Under 10b5-1 Plan
EOG

EOG Resources Executive Vice President and COO Jeffrey R. Leitzell sold 2,000 shares on February 19, 2026, under a pre-established Rule 10b5-1 plan for $125.00 per share, representing $250,000. The transaction leaves Leitzell with 61,481.492 shares held directly. The sale occurred as the stock traded at $122.54, up 18% year-to-date, and ahead of EOG's February 24 earnings report. Recent company disclosures and several analyst updates have painted a mixed near-term outlook for the producer.

Key Points

  • EOG COO Jeffrey R. Leitzell sold 2,000 shares on February 19, 2026, at $125.00 per share, totaling $250,000, under a Rule 10b5-1 plan established June 26, 2025.
  • Post-sale, Leitzell directly holds 61,481.492 shares. The transaction occurred while EOG traded at $122.54 and was up 18% year-to-date, ahead of the companys February 24 earnings report.
  • Recent company disclosures include a $21 million net cash payment in Q4 2025 to settle financial commodity derivative contracts and no cash receipts yet from a 10-year natural gas sales agreement tied to Brent, with deliveries set to start January 2027; analyst views on EOG vary from Buy ratings to downgrades, reflecting differing views on production and commodity outlooks.

Executive Vice President and Chief Operating Officer Jeffrey R. Leitzell of EOG Resources Inc reported the disposition of 2,000 company shares on February 19, 2026, according to a Securities and Exchange Commission filing. The shares were sold at $125.00 each, producing gross proceeds of $250,000.

After the transaction, Leitzell is listed as directly owning 61,481.492 shares of EOG Resources. The filing indicates the sale was carried out pursuant to a Rule 10b5-1 trading arrangement that was put in place on June 26, 2025.

The timing of the sale coincides with the stock trading at $122.54 and an 18% year-to-date gain. The company is scheduled to report quarterly earnings on February 24, a proximate event that investors often watch closely for operational and financial updates.

Analysis cited in company-related research indicates the stock may be trading below its Fair Value, and notes that the company has maintained dividend payments for 37 consecutive years. Investors seeking expanded commentary and modeling on EOG can reference the firms in-depth research materials, which include specific reports on company fundamentals and valuation.


Recent corporate disclosures provide additional context on EOG's financials and contractual positions. During the fourth quarter of 2025, the company recorded a net cash payment of $21 million to settle financial commodity derivative contracts. Management also noted there were no cash receipts associated with a 10-year natural gas sales agreement that is linked to Brent crude oil prices; deliveries under that contract are expected to begin in January 2027.

Analyst coverage of EOG illustrates a range of perspectives. UBS reiterated a Buy rating with a $141 price target, pointing to integration work with Encino and ongoing international exploration as potential upside catalysts. In contrast, KeyBanc downgraded the stock from Overweight to Sector Weight, specifically citing concerns around well productivity in key operating areas including the Eagle Ford and the Delaware Basin. Stephens adjusted its price target modestly higher to $139 while keeping an Equal Weight rating, referencing recent NYMEX strip prices. RBC Capital trimmed its price target to $138 from $145, citing a revised outlook for commodity prices.

Taken together, the insider sale, corporate disclosures on derivatives and long-term contracts, and the divergent analyst assessments underscore a period of active positioning by both company insiders and market analysts as the company moves into the next reporting cycle.

Risks

  • Near-term production and well productivity concerns in the Eagle Ford and Delaware Basin could weigh on operational performance - this impacts upstream oil and gas operations and energy markets.
  • Commodity price revisions and changing NYMEX strip prices have prompted downward adjustments to price targets, introducing market valuation risk for EOG shares - this affects energy equity valuations and commodity-exposed portfolios.
  • Counterparty and market risk from financial commodity derivative settlements, evidenced by a $21 million net cash payment in Q4 2025, may influence short-term cash flows and risk management outcomes for the company - relevant to corporate treasury and commodity hedging strategies.

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