EOG Resources, Inc. $EOG Position Decreased by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,367 shares of the energy exploration company’s stock after selling 57,700 shares during the quarter. EOG Resources accounts for approximately 2.4% of Adams Natural Resources Fund Inc.’s portfolio, making the stock its 10th largest holding. Adams Natural Resources Fund Inc.’s holdings in EOG Resources were worth $15,850,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Capital Management LLC grew its stake 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 buying an additional 25,753 shares during the period. Kiker Wealth Management LLC purchased a new stake in EOG Resources during the second quarter valued at about $627,000. Railway Pension Investments Ltd grew its position 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 acquiring an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in EOG Resources by 9.1% during 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 acquiring an additional 5,156 shares during the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of EOG Resources by 15.2% in the 2nd quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock worth $9,107,000 after purchasing an additional 9,999 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 1.1%

NYSE EOG opened at $105.00 on Wednesday. The stock has a market cap of $56.97 billion, a PE ratio of 10.46, a P/E/G ratio of 8.32 and a beta of 0.49. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $138.18. The business has a 50 day moving average price of $106.73 and a two-hundred day moving average price of $113.48. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) 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 quarter last year, the firm posted $2.89 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid 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 yield of 3.9%. EOG Resources’s payout ratio is 40.64%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Morgan Stanley boosted their target price on EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday. BMO Capital Markets decreased their price objective on shares of EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Jefferies Financial Group set a $145.00 price objective on shares of EOG Resources in a research report on Sunday, October 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $138.14.

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.