American Century Companies Inc. Sells 297,026 Shares of EOG Resources, Inc. $EOG

American Century Companies Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,658,206 shares of the energy exploration company’s stock after selling 297,026 shares during the quarter. American Century Companies Inc. owned about 0.49% of EOG Resources worth $298,038,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. JCIC Asset Management Inc. bought a new position in EOG Resources in the third quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EOG Resources in the second quarter worth about $35,000. Salomon & Ludwin LLC grew its holdings in EOG Resources by 122.8% in the third 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 during the period. Mountain Hill Investment Partners Corp. purchased a new stake in EOG Resources in the 3rd quarter worth $37,000. Finally, Quent Capital LLC acquired a new stake in EOG Resources in the 3rd quarter worth about $37,000. Institutional investors own 89.91% of the company’s stock.

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EOG Resources Stock Up 2.4%

EOG stock opened at $124.07 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $130.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.43. The company has a market cap of $66.56 billion, a price-to-earnings ratio of 13.62 and a beta of 0.49. The company has a fifty day moving average price of $111.21 and a 200 day moving average price of $111.79.

EOG Resources (NYSE:EOGGet Free Report) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm 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 dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio is 44.79%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EOG. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price objective (up from $126.00) on shares of EOG Resources in a report on Tuesday, January 27th. Barclays lowered their target price on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Johnson Rice cut their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. KeyCorp cut shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Finally, Mizuho set a $134.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $134.59.

Read Our Latest Report on EOG Resources

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

EOG Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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