Ascent Group LLC Sells 4,505 Shares of EOG Resources, Inc. $EOG

Ascent Group LLC reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,328 shares of the energy exploration company’s stock after selling 4,505 shares during the period. Ascent Group LLC’s holdings in EOG Resources were worth $3,185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. J2 Capital Management Inc grew its stake in shares of EOG Resources by 6.0% in the fourth quarter. J2 Capital Management Inc now owns 2,274 shares of the energy exploration company’s stock valued at $239,000 after buying an additional 129 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in EOG Resources by 1.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 31,838 shares of the energy exploration company’s stock worth $3,343,000 after acquiring an additional 301 shares in the last quarter. Perpetual Ltd lifted its stake in EOG Resources by 25.2% in the fourth quarter. Perpetual Ltd now owns 2,962 shares of the energy exploration company’s stock valued at $311,000 after acquiring an additional 596 shares during the last quarter. Arvest Investments Inc. lifted its stake in EOG Resources by 21.7% in the fourth quarter. Arvest Investments Inc. now owns 10,611 shares of the energy exploration company’s stock valued at $1,114,000 after acquiring an additional 1,893 shares during the last quarter. Finally, Trust Co. of Toledo NA OH grew its position in shares of EOG Resources by 8.1% in the 4th quarter. Trust Co. of Toledo NA OH now owns 17,191 shares of the energy exploration company’s stock valued at $1,805,000 after acquiring an additional 1,282 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.0%

Shares of EOG opened at $142.62 on Monday. The firm has a market cap of $76.40 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 3.03 and a beta of 0.32. 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 52 week low of $101.59 and a 52 week high of $151.87. The firm’s 50-day simple moving average is $127.05 and its 200 day simple moving average is $114.69.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (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 firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the business posted $2.74 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared 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. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of EOG Resources from $127.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. BMO Capital Markets lifted their price target on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Barclays boosted their price target on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Morgan Stanley upped their price objective on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, March 27th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of EOG Resources in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $145.04.

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.