SVB Wealth LLC Sells 4,523 Shares of EOG Resources, Inc. $EOG

SVB Wealth LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 30.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,218 shares of the energy exploration company’s stock after selling 4,523 shares during the period. SVB Wealth LLC’s holdings in EOG Resources were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Anchyra Partners LLC raised its stake in shares of EOG Resources by 3.8% during the 1st quarter. Anchyra Partners LLC now owns 5,327 shares of the energy exploration company’s stock valued at $770,000 after purchasing an additional 197 shares during the period. Clear Trail Advisors LLC purchased a new position in EOG Resources during the 1st quarter valued at about $262,000. Telos Capital Management Inc. increased its position in shares of EOG Resources by 1.7% during the first quarter. Telos Capital Management Inc. now owns 139,152 shares of the energy exploration company’s stock valued at $20,117,000 after buying an additional 2,350 shares during the period. PKO Investment Management Joint Stock Co increased its position in shares of EOG Resources by 59.1% during the first quarter. PKO Investment Management Joint Stock Co now owns 20,200 shares of the energy exploration company’s stock valued at $2,920,000 after buying an additional 7,500 shares during the period. Finally, Stewardship Advisors LLC purchased a new stake in shares of EOG Resources in the first quarter worth about $230,000. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson boosted their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets raised their price target on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Raymond James Financial reduced their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a research report on Monday. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Capital One Financial dropped their price objective on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Check Out Our Latest Analysis on EOG

EOG Resources Stock Performance

Shares of NYSE EOG opened at $135.05 on Wednesday. The stock’s 50-day moving average is $135.85 and its 200 day moving average is $125.19. The stock has a market cap of $71.93 billion, a price-to-earnings ratio of 13.29 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOGGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $2.87 earnings per share. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 16.64 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given 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 (DPR) is presently 40.16%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’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 sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

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

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

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