EOG Resources, Inc. $EOG Stake Cut by Fiduciary Alliance LLC

Fiduciary Alliance LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 61.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,392 shares of the energy exploration company’s stock after selling 3,839 shares during the period. Fiduciary Alliance LLC’s holdings in EOG Resources were worth $251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Hemington Wealth Management grew its holdings in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after purchasing an additional 93 shares during the last quarter. Bollard Group LLC grew its position in shares of EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares during the last quarter. apricus wealth LLC lifted its position in EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares during the last quarter. Sowell Financial Services LLC grew its position in EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 96 shares during the last quarter. Finally, Hardy Reed LLC raised its holdings in shares of EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after buying an additional 97 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EOG shares. JPMorgan Chase & Co. boosted their price target on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Mizuho increased their price objective on shares of EOG Resources from $146.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. The Goldman Sachs Group lowered their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Finally, Citigroup upped their target price on EOG Resources from $115.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus price target of $148.11.

Insider Buying and Selling at EOG Resources

In related news, 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 transaction, the chief financial officer directly 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 legal filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock worth $2,522,568 in the last ninety days. 0.14% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $136.26 on Monday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $130.01 and a two-hundred day moving average of $115.51. The company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.84 and a beta of 0.32.

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

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s payout ratio is 44.79%.

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.