King Luther Capital Management Corp cut its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 342,996 shares of the energy exploration company’s stock after selling 40,377 shares during the period. King Luther Capital Management Corp’s holdings in EOG Resources were worth $36,018,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Olistico Wealth LLC bought a new stake in EOG Resources during the 4th quarter valued at about $33,000. Physician Wealth Advisors Inc. lifted its holdings in 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 in the last quarter. Laurel Wealth Advisors LLC bought a new stake in EOG Resources during the 4th quarter valued at about $38,000. City Holding Co. lifted its holdings in EOG Resources by 469.2% during the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 305 shares in the last quarter. Finally, AXS Investments LLC bought a new stake in EOG Resources during the 3rd quarter valued at about $41,000. 89.91% of the stock is owned by hedge funds and other institutional investors.
EOG Resources Trading Down 3.4%
NYSE:EOG opened at $136.43 on Wednesday. The firm has a 50-day simple moving average of $138.13 and a 200-day simple moving average of $121.26. 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, Inc. has a one year low of $101.59 and a one year high of $151.87. The firm has a market cap of $72.67 billion, a P/E ratio of 13.43 and a beta of 0.27.
EOG Resources Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s payout ratio is presently 40.16%.
Insider Buying and Selling
In other news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources 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 $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources 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 completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,230 shares of company stock worth $2,272,568. Insiders own 0.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on EOG shares. Mizuho lifted their price objective on shares of EOG Resources from $147.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Citigroup reiterated a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Barclays lifted their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday. Morgan Stanley lifted their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $156.11.
View Our Latest Analysis on EOG
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.
Featured Articles
- Five stocks we like better than EOG Resources
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.
