RiverFront Investment Group LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,332 shares of the energy exploration company’s stock after selling 8,727 shares during the quarter. RiverFront Investment Group LLC’s holdings in EOG Resources were worth $16,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new position in shares of EOG Resources during the 3rd quarter valued at $32,000. Olistico Wealth LLC bought a new position in shares of EOG Resources during the 4th quarter valued at $33,000. Physician Wealth Advisors Inc. lifted its holdings in shares of EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after buying an additional 170 shares during the period. Quent Capital LLC bought a new position in shares of EOG Resources during the 3rd quarter valued at $37,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of EOG Resources during the 4th quarter valued at $38,000. 89.91% of the stock is owned by institutional investors.
EOG Resources Price Performance
Shares of EOG Resources stock opened at $140.29 on Monday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The stock’s fifty day moving average is $136.79 and its 200 day moving average is $119.50. The stock has a market cap of $74.72 billion, a P/E ratio of 13.81 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Barclays increased their price target on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the stock an “overweight” rating in a report on Wednesday. Stephens decreased their target price on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Susquehanna raised their target price on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Finally, UBS Group raised their target price on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.21.
Check Out Our Latest Stock Report on EOG Resources
Insider Transactions at EOG Resources
In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were 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. This represents 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 have sold 18,230 shares of company stock worth $2,522,568. Insiders own 0.14% of the company’s stock.
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.
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