EOG Resources, Inc. $EOG Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 73.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,024 shares of the energy exploration company’s stock after selling 5,621 shares during the period. Daymark Wealth Partners LLC’s holdings in EOG Resources were worth $213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources during the 3rd quarter worth about $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $35,000. Salomon & Ludwin LLC raised 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 buying an additional 178 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in EOG Resources in the third quarter valued at approximately $37,000. Finally, Quent Capital LLC acquired a new position in EOG Resources during the third quarter valued at approximately $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.4%

EOG opened at $149.63 on Friday. The firm’s 50 day moving average is $123.33 and its 200-day moving average is $113.89. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $150.10. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $80.27 billion, a P/E ratio of 16.42, a P/E/G ratio of 3.59 and a beta of 0.44.

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

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. EOG Resources’s payout ratio is currently 44.79%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated 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 in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,532 shares of company stock valued at $1,877,405. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Roth Mkm reiterated a “neutral” rating and set a $110.00 price objective on shares of EOG Resources in a research note on Wednesday, February 25th. Morgan Stanley lifted their target price on shares of EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Finally, Susquehanna cut their price objective on EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a research report on Thursday, February 26th. One investment 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 company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $139.52.

EOG Resources 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.