Great Lakes Advisors LLC Sells 4,057 Shares of EOG Resources, Inc. $EOG

Great Lakes Advisors LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 327,905 shares of the energy exploration company’s stock after selling 4,057 shares during the quarter. Great Lakes Advisors LLC’s holdings in EOG Resources were worth $34,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the 4th quarter worth approximately $30,000. Olistico Wealth LLC bought a new stake in shares of EOG Resources during the 4th quarter worth approximately $33,000. Physician Wealth Advisors Inc. raised its stake 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 worth $35,000 after purchasing an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter worth approximately $38,000. Finally, City Holding Co. raised its stake in shares of EOG Resources by 469.2% during the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 2.7%

EOG opened at $136.50 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The stock’s fifty day simple moving average is $137.12 and its 200 day simple moving average is $123.78. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a market cap of $72.71 billion, a PE ratio of 13.44 and a beta of 0.25.

EOG Resources (NYSE:EOGGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business earned $2.87 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Insiders Place Their Bets

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value 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. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of analyst reports. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Roth Mkm reiterated a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research note on Wednesday, May 6th. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Piper Sandler upped their price objective on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Finally, BMO Capital Markets increased their price target on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

View Our Latest Analysis on EOG Resources

About EOG Resources

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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