Brookwood Investment Group LLC Has $221,000 Stock Position in EOG Resources, Inc. $EOG

Brookwood Investment Group LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 71.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,967 shares of the energy exploration company’s stock after selling 4,863 shares during the quarter. Brookwood Investment Group LLC’s holdings in EOG Resources were worth $221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of EOG Resources by 64.1% during the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares during the period. Prudential Financial Inc. increased its stake in EOG Resources by 282.3% in the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after purchasing an additional 1,141,680 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of EOG Resources by 122.6% during the second quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock valued at $108,514,000 after purchasing an additional 499,610 shares during the period. Invesco Ltd. raised its holdings in shares of EOG Resources by 7.0% during the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after purchasing an additional 294,641 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of EOG Resources during the 2nd quarter worth about $33,874,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EOG has been the topic of a number of research reports. Citigroup reaffirmed a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Jefferies Financial Group set a $145.00 target price on EOG Resources in a research report on Sunday, October 12th. Roth Capital reiterated a “neutral” rating on shares of EOG Resources in a report on Monday, December 15th. Barclays set a $136.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $138.29.

EOG Resources Stock Performance

NYSE EOG opened at $106.22 on Tuesday. The company has a fifty day moving average price of $106.75 and a 200-day moving average price of $113.62. The firm has a market cap of $57.63 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 8.41 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $138.18.

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

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

About EOG Resources

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.