EOG Resources, Inc. (NYSE:EOG) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,427 shares of the energy exploration company’s stock after selling 126 shares during the quarter. Farther Finance Advisors LLC’s holdings in EOG Resources were worth $420,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EOG. Wealthfront Advisers LLC boosted its position in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the period. Franklin Resources Inc. boosted its position in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the period. Raymond James Financial Inc. acquired a new position in EOG Resources during the 4th quarter worth $171,193,000. Fisher Asset Management LLC boosted its position in EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after acquiring an additional 1,075,334 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after buying an additional 781,282 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup lowered EOG Resources from a “neutral” rating to a “reduce” rating in a report on Wednesday, March 5th. UBS Group cut their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Bank of America restated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Piper Sandler cut their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Barclays cut their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $145.86.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 2.4 %

NYSE:EOG opened at $124.04 on Monday. The firm has a market capitalization of $68.71 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $129.55 and its 200 day moving average price is $127.60.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.14%. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

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.