Capital Investment Advisors LLC Lowers Stock Position in EOG Resources, Inc. $EOG

Capital Investment Advisors LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,758 shares of the energy exploration company’s stock after selling 7,502 shares during the period. Capital Investment Advisors LLC’s holdings in EOG Resources were worth $3,440,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EOG. JCIC Asset Management Inc. purchased a new stake in EOG Resources during the third quarter valued at about $32,000. Olistico Wealth LLC acquired a new stake in EOG Resources during the fourth quarter worth about $33,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of EOG Resources in the 2nd quarter worth about $35,000. Salomon & Ludwin LLC lifted its stake in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after purchasing an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of EOG Resources in the 3rd quarter valued at about $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $149.63 on Friday. The business’s 50-day simple moving average is $123.33 and its 200 day simple moving average is $113.86. The company has a market cap of $80.27 billion, a P/E ratio of 16.42, a PEG ratio of 3.64 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $150.10.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping 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 analysts’ expectations of $5.36 billion. During the same quarter in the prior year, the business earned $2.74 EPS. EOG Resources’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. EOG Resources’s dividend payout ratio is 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. This represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,532 shares of company stock valued at $1,877,405 over the last 90 days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of a number of research reports. UBS Group boosted their target price on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Barclays lifted their price target on shares of EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Sanford C. Bernstein reiterated a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Raymond James Financial increased their price objective on shares of EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 13th. Finally, Piper Sandler raised their target price on shares of EOG Resources from $127.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $139.52.

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.