EOG Resources, Inc. $EOG Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 50.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,554 shares of the energy exploration company’s stock after selling 5,650 shares during the quarter. Belpointe Asset Management LLC’s holdings in EOG Resources were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sivia Capital Partners LLC acquired a new stake in EOG Resources in the 2nd quarter valued at about $258,000. Janney Montgomery Scott LLC raised its holdings in EOG Resources by 66.8% in the second quarter. Janney Montgomery Scott LLC now owns 174,341 shares of the energy exploration company’s stock valued at $20,853,000 after acquiring an additional 69,824 shares in the last quarter. Truist Financial Corp raised its holdings in EOG Resources by 36.7% in the second quarter. Truist Financial Corp now owns 188,783 shares of the energy exploration company’s stock valued at $22,580,000 after acquiring an additional 50,645 shares in the last quarter. LBP AM SA purchased a new position in EOG Resources in the second quarter worth approximately $801,000. Finally, PFG Investments LLC grew its holdings in EOG Resources by 15.2% during the 2nd quarter. PFG Investments LLC now owns 4,749 shares of the energy exploration company’s stock worth $568,000 after acquiring an additional 625 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EOG has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Scotiabank set a $123.00 price target on EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Zacks Research downgraded EOG Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Johnson Rice decreased their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.07.

EOG Resources Price Performance

EOG stock opened at $112.13 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $60.84 billion, a P/E ratio of 11.17, a PEG ratio of 9.68 and a beta of 0.49. The business has a 50 day simple moving average of $106.92 and a 200-day simple moving average of $111.80. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.6%. EOG Resources’s dividend payout ratio is 40.64%.

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.