Williams Jones Wealth Management LLC. Sells 870 Shares of EOG Resources, Inc. (NYSE:EOG)

Williams Jones Wealth Management LLC. lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,810 shares of the energy exploration company’s stock after selling 870 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in EOG Resources were worth $2,306,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its holdings in EOG Resources by 40.0% during the fourth quarter. Ritholtz Wealth Management now owns 5,910 shares of the energy exploration company’s stock valued at $724,000 after purchasing an additional 1,690 shares during the last quarter. Merit Financial Group LLC lifted its holdings in EOG Resources by 32.3% during the fourth quarter. Merit Financial Group LLC now owns 5,710 shares of the energy exploration company’s stock valued at $700,000 after purchasing an additional 1,395 shares during the last quarter. HB Wealth Management LLC lifted its holdings in EOG Resources by 17.7% during the fourth quarter. HB Wealth Management LLC now owns 14,723 shares of the energy exploration company’s stock valued at $1,805,000 after purchasing an additional 2,212 shares during the last quarter. Grove Bank & Trust lifted its holdings in EOG Resources by 10.0% during the fourth quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock valued at $114,000 after purchasing an additional 84 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its holdings in EOG Resources by 7.7% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 44,841 shares of the energy exploration company’s stock valued at $5,497,000 after purchasing an additional 3,205 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Down 1.3%

EOG stock opened at $112.50 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $115.47 and its 200 day moving average is $124.19. The stock has a market cap of $61.40 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 earnings per share. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

Analysts Set New Price Targets

EOG has been the topic of several recent research reports. Susquehanna dropped their price objective on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Piper Sandler dropped their price objective on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and lowered their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.05.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.