Cyndeo Wealth Partners LLC Sells 140 Shares of EOG Resources, Inc. (NYSE:EOG)

Cyndeo Wealth Partners LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,577 shares of the energy exploration company’s stock after selling 140 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in EOG Resources were worth $438,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MBB Public Markets I LLC increased its holdings in shares of EOG Resources by 765.4% during the second quarter. MBB Public Markets I LLC now owns 45,822 shares of the energy exploration company’s stock valued at $5,768,000 after acquiring an additional 40,527 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of EOG Resources by 49.7% during the 2nd quarter. Mackenzie Financial Corp now owns 83,686 shares of the energy exploration company’s stock valued at $10,534,000 after buying an additional 27,787 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of EOG Resources during the 2nd quarter valued at $250,000. Legal & General Group Plc raised its stake in shares of EOG Resources by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after purchasing an additional 403,676 shares during the period. Finally, Ascent Group LLC raised its stake in shares of EOG Resources by 8.7% during the 2nd quarter. Ascent Group LLC now owns 16,758 shares of the energy exploration company’s stock valued at $2,109,000 after purchasing an additional 1,346 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 1.7 %

EOG stock opened at $131.73 on Friday. The firm has a market cap of $74.09 billion, a PE ratio of 10.61, a PEG ratio of 3.68 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm’s 50 day moving average price is $129.01 and its 200-day moving average price is $127.35.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter in the prior year, the company earned $3.44 earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is 31.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EOG shares. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Truist Financial increased their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Barclays lowered their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Thirteen 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $143.86.

EOG Resources 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.