CWA Asset Management Group LLC Sells 16,595 Shares of EOG Resources, Inc. $EOG

CWA Asset Management Group LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 65.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,658 shares of the energy exploration company’s stock after selling 16,595 shares during the quarter. CWA Asset Management Group LLC’s holdings in EOG Resources were worth $909,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new stake in EOG Resources during the 3rd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in EOG Resources during the second quarter worth $35,000. Salomon & Ludwin LLC lifted its stake in shares of 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 buying an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources in the third quarter valued at $37,000. Finally, Quent Capital LLC acquired a new position in shares of EOG Resources during the third quarter valued at about $37,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Capital One Financial cut their price target on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Jefferies Financial Group boosted their price objective on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. BMO Capital Markets increased their price objective on EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Piper Sandler raised their target price on EOG Resources from $127.00 to $144.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $138.23.

EOG Resources Stock Performance

Shares of EOG stock opened at $139.52 on Tuesday. The firm has a 50-day moving average of $120.32 and a 200-day moving average of $113.04. The company has a market cap of $74.85 billion, a P/E ratio of 15.31, a P/E/G ratio of 3.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $141.13.

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, beating 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 company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the firm earned $2.74 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS 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. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Insider Activity at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,532 shares of company stock worth $1,877,405. Insiders own 0.13% of the company’s stock.

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.