Vista Investment Management Sells 91 Shares of EOG Resources, Inc. (NYSE:EOG)

Vista Investment Management lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,713 shares of the energy exploration company’s stock after selling 91 shares during the quarter. Vista Investment Management’s holdings in EOG Resources were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Mountain Lake Investment Management LLC bought a new position in shares of EOG Resources during the 4th quarter worth $735,000. Silvercrest Asset Management Group LLC grew its stake in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock worth $101,256,000 after acquiring an additional 106,677 shares during the period. Tobam bought a new position in shares of EOG Resources during the 4th quarter worth $352,000. Twelve Points Wealth Management LLC grew its stake in shares of EOG Resources by 27.2% during the 4th quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company’s stock worth $3,013,000 after acquiring an additional 5,259 shares during the period. Finally, Marble Harbor Investment Counsel LLC grew its stake in shares of EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock worth $12,630,000 after acquiring an additional 3,150 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EOG. Susquehanna cut their price target on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. KeyCorp cut their price target on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Barclays cut their target price on EOG Resources from $140.00 to $137.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Mizuho cut their target price on EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Morgan Stanley cut their target price on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.63.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $113.99 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business’s 50 day simple moving average is $115.64 and its two-hundred day simple moving average is $124.27. The stock has a market capitalization of $62.21 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 EPS. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.42%. EOG Resources’s dividend payout ratio (DPR) is currently 36.18%.

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.