EOG Resources, Inc. $EOG Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 33.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,905 shares of the energy exploration company’s stock after selling 13,722 shares during the period. Park Avenue Securities LLC’s holdings in EOG Resources were worth $2,825,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JCIC Asset Management Inc. acquired a new position in EOG Resources in the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in EOG Resources during the 2nd quarter valued at approximately $35,000. Salomon & Ludwin LLC lifted its position in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources in the 3rd quarter valued at approximately $37,000. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on EOG. UBS Group upped their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wells Fargo & Company lifted their price objective on shares of EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Barclays boosted their price objective on shares of EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Wolfe Research upped their price objective on shares of EOG Resources from $140.00 to $152.00 in a research report on Monday, March 9th. Finally, Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $138.23.

Insider Transactions at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 2,597 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $134.31, for a total transaction of $348,803.07. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $13,464,040.26. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,371 shares of company stock worth $1,294,698. 0.13% of the stock is owned by insiders.

EOG Resources Trading Down 0.1%

Shares of EOG stock opened at $138.65 on Monday. The business’s fifty day moving average price is $119.64 and its 200 day moving average price is $112.92. The firm has a market capitalization of $74.39 billion, a PE ratio of 15.22, a P/E/G ratio of 3.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $140.92.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the firm earned $2.74 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is currently 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.