Focus Partners Advisor Solutions LLC Sells 6,555 Shares of EOG Resources, Inc. $EOG

Focus Partners Advisor Solutions LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 48.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,980 shares of the energy exploration company’s stock after selling 6,555 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in EOG Resources were worth $790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources in the third quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of EOG Resources during the second quarter valued at approximately $35,000. Salomon & Ludwin LLC boosted its position in shares of EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after buying an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in EOG Resources during the third quarter worth $37,000. Finally, Quent Capital LLC bought a new stake in EOG Resources during the third quarter worth $37,000. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 7,774 shares of company stock worth $945,895 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EOG. Johnson Rice lowered their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Susquehanna cut their price objective on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a report on Thursday, February 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Capital One Financial lowered their target price on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, The Goldman Sachs Group dropped their price target on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $135.31.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $131.74 on Friday. The business’s fifty day simple moving average is $113.78 and its 200 day simple moving average is $112.12. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $134.00. The firm has a market capitalization of $70.68 billion, a P/E ratio of 14.46 and a beta of 0.44.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio is presently 44.79%.

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.