Leuthold Group LLC Has $808,000 Position in EOG Resources, Inc. (NYSE:EOG)

Leuthold Group LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,323 shares of the energy exploration company’s stock after selling 269 shares during the quarter. Leuthold Group LLC’s holdings in EOG Resources were worth $808,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EOG. Exchange Traded Concepts LLC raised its stake in EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Sachetta LLC acquired a new position in shares of EOG Resources in the fourth quarter worth $33,000. Hall Laurie J Trustee bought a new stake in EOG Resources in the fourth quarter worth $36,000. Keener Financial Planning LLC bought a new stake in EOG Resources in the fourth quarter worth $36,000. Finally, Norwood Financial Corp bought a new stake in EOG Resources in the first quarter worth $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. upped their price target on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Truist Financial cut shares of EOG Resources from a “buy” rating to a “hold” rating and decreased their price target for the company from $163.00 to $136.00 in a report on Thursday, May 16th. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a report on Wednesday. Finally, Barclays assumed coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target for the company. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average target price of $144.80.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the transaction, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock worth $2,144,972 in the last quarter. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.32 on Friday, hitting $128.49. The company’s stock had a trading volume of 681,577 shares, compared to its average volume of 3,216,853. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock’s 50 day moving average is $124.91 and its 200-day moving average is $122.74. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a market capitalization of $73.84 billion, a PE ratio of 10.13, a PEG ratio of 1.75 and a beta of 1.30.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 earnings per share. Equities research analysts expect that EOG Resources, Inc. will post 12.06 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.83%. EOG Resources’s dividend payout ratio is currently 28.75%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.