QV Investors Inc. Cuts Position in EOG Resources, Inc. $EOG

QV Investors Inc. lessened its position in EOG Resources, Inc. (NYSE:EOG) by 6.9% during the fourth quarter, Holdings Channel reports. The fund owned 71,865 shares of the energy exploration company’s stock after selling 5,360 shares during the period. QV Investors Inc.’s holdings in EOG Resources were worth $7,547,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at about $258,000. Quantbot Technologies LP bought a new stake in EOG Resources in the 2nd quarter worth approximately $349,000. Twin Peaks Wealth Advisors LLC purchased a new stake in EOG Resources in the second quarter worth approximately $35,000. EverSource Wealth Advisors LLC boosted its stake in EOG Resources by 35.6% in the second quarter. EverSource Wealth Advisors LLC now owns 8,950 shares of the energy exploration company’s stock worth $1,070,000 after buying an additional 2,349 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in EOG Resources by 2.5% during the second quarter. Guggenheim Capital LLC now owns 18,122 shares of the energy exploration company’s stock valued at $2,168,000 after acquiring an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $142.62 on Friday. The company has a market capitalization of $76.40 billion, a P/E ratio of 15.65, a PEG ratio of 3.03 and a beta of 0.32. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The stock has a 50 day moving average price of $127.05 and a two-hundred day moving average price of $114.72.

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

EOG Resources Dividend Announcement

The firm 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 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were 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 of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,230 shares of company stock worth $2,522,568. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EOG. Raymond James Financial lifted their price target on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their target price on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Wolfe Research lifted their target price on shares of EOG Resources from $140.00 to $152.00 in a research report on Monday, March 9th. Finally, Citigroup boosted their price target on shares of EOG Resources from $115.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.04.

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.