Congress Asset Management Co. Sells 7,062 Shares of EOG Resources, Inc. $EOG

Congress Asset Management Co. lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,661 shares of the energy exploration company’s stock after selling 7,062 shares during the quarter. Congress Asset Management Co.’s holdings in EOG Resources were worth $12,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Capital Management LLC grew its position in shares of EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after acquiring an additional 25,753 shares during the period. Kiker Wealth Management LLC purchased a new position in EOG Resources during the second quarter valued at $627,000. Railway Pension Investments Ltd grew its holdings in EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after buying an additional 5,156 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after buying an additional 45,295 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. UBS Group reaffirmed a “buy” rating and set a $141.00 price target (down previously from $144.00) on shares of EOG Resources in a report on Friday, December 12th. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday. Sanford C. Bernstein decreased their price objective on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a research report on Friday, November 21st. Finally, Siebert Williams Shank lowered their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $138.93.

EOG Resources Trading Down 0.7%

EOG Resources stock opened at $101.94 on Monday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $138.18. The firm’s 50 day moving average price is $107.32 and its 200-day moving average price is $114.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The stock has a market cap of $55.31 billion, a P/E ratio of 10.15, a PEG ratio of 7.71 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.89 earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.0%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.