NFJ Investment Group LLC Lowers Holdings in EOG Resources, Inc. $EOG

NFJ Investment Group LLC cut its position in EOG Resources, Inc. (NYSE:EOG) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,819 shares of the energy exploration company’s stock after selling 6,966 shares during the quarter. NFJ Investment Group LLC’s holdings in EOG Resources were worth $17,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the 4th quarter worth $25,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources in the 4th quarter worth $30,000. Gen Wealth Partners Inc bought a new position in shares of EOG Resources in the 4th quarter worth $30,000. Olistico Wealth LLC bought a new position in shares of EOG Resources in the 4th quarter worth $33,000. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after buying an additional 170 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Raymond James Financial increased their price target on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. Stephens decreased their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Susquehanna increased their price target on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley increased their price target on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the 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 transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

EOG Resources Price Performance

EOG stock opened at $136.42 on Friday. 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 52 week low of $101.59 and a 52 week high of $151.87. The firm’s fifty day moving average is $137.04 and its 200 day moving average is $123.87. The firm has a market cap of $72.66 billion, a P/E ratio of 13.43 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the firm earned $2.87 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 16.63 earnings per share for the current 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 issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

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.