Commonwealth Equity Services LLC Has $6.96 Million Stock Position in EOG Resources, Inc. $EOG

Commonwealth Equity Services LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,059 shares of the energy exploration company’s stock after selling 12,460 shares during the period. Commonwealth Equity Services LLC’s holdings in EOG Resources were worth $6,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in EOG Resources during the second quarter worth $29,000. ORG Partners LLC lifted its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Keener Financial Planning LLC acquired a new position in shares of EOG Resources during the second quarter valued at about $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of EOG Resources during the second quarter worth about $35,000. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on EOG. Siebert Williams Shank dropped their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Johnson Rice dropped their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, December 5th. JPMorgan Chase & Co. cut their target price on EOG Resources from $131.00 to $121.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. Finally, BMO Capital Markets dropped their price objective on EOG Resources from $130.00 to $126.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.93.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $108.05 on Wednesday. The business’s fifty day simple moving average is $106.70 and its 200 day simple moving average is $112.93. 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, Inc. has a 12 month low of $101.59 and a 12 month high of $138.18. The firm has a market capitalization of $58.63 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 8.32 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 19.80% and a net margin of 24.49%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.89 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

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.