EOG Resources, Inc. $EOG Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 86.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,553 shares of the energy exploration company’s stock after selling 22,807 shares during the period. Morningstar Investment Management LLC’s holdings in EOG Resources were worth $373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockland Trust Co. grew its position in EOG Resources by 5.1% during the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after purchasing an additional 11,965 shares during the period. Legal & General Group Plc boosted its stake in shares of EOG Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after acquiring an additional 23,846 shares in the last quarter. Finally, L2 Asset Management LLC boosted its stake in shares of EOG Resources by 69.6% during the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after acquiring an additional 7,940 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.1%

Shares of EOG Resources stock opened at $141.43 on Tuesday. The firm has a market capitalization of $75.33 billion, a PE ratio of 13.92 and a beta of 0.27. The firm’s 50-day moving average price is $138.07 and its 200 day moving average price is $121.04. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month 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:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $6.18 billion. During the same quarter last year, the business posted $2.87 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts predict that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction 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 trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Susquehanna increased their target price on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Barclays increased their target price on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Zacks Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley increased their target price on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Two investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $155.64.

EOG Resources Company 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.