EOG Resources, Inc. $EOG Holdings Decreased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,403 shares of the energy exploration company’s stock after selling 10,947 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in EOG Resources were worth $15,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Quent Capital LLC acquired a new stake in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Nordea Investment Management AB increased its stake in shares of EOG Resources by 22.9% during the third quarter. Nordea Investment Management AB now owns 48,692 shares of the energy exploration company’s stock valued at $5,412,000 after acquiring an additional 9,081 shares during the period. Kiker Wealth Management LLC raised its holdings in EOG Resources by 5.7% during the third quarter. Kiker Wealth Management LLC now owns 5,544 shares of the energy exploration company’s stock worth $622,000 after purchasing an additional 299 shares in the last quarter. First Horizon Corp acquired a new stake in EOG Resources in the third quarter worth approximately $174,000. Finally, Pinnacle Bancorp Inc. boosted its stake in EOG Resources by 35.9% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,765 shares of the energy exploration company’s stock valued at $310,000 after purchasing an additional 730 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $105.44 on Tuesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $138.18. The firm has a 50-day moving average of $106.65 and a two-hundred day moving average of $113.02. The firm has a market capitalization of $57.21 billion, a PE ratio of 10.50, a P/E/G ratio of 8.22 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.89 earnings per share. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. EOG Resources’s dividend payout ratio is presently 40.64%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $131.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday, December 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. The Goldman Sachs Group dropped their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Jefferies Financial Group set a $145.00 price objective on shares of EOG Resources in a research report on Sunday, October 12th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of EOG Resources in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $138.19.

EOG Resources 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.