HUB Investment Partners LLC Has $502,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

HUB Investment Partners LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 91.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,092 shares of the energy exploration company’s stock after selling 46,662 shares during the quarter. HUB Investment Partners LLC’s holdings in EOG Resources were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of EOG Resources during the 3rd quarter worth $762,000. Pathstone Holdings LLC raised its position in shares of EOG Resources by 3.7% in the 3rd quarter. Pathstone Holdings LLC now owns 71,816 shares of the energy exploration company’s stock valued at $8,828,000 after buying an additional 2,583 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of EOG Resources by 62.2% during the 3rd quarter. Prospera Financial Services Inc now owns 11,313 shares of the energy exploration company’s stock worth $1,391,000 after acquiring an additional 4,338 shares during the period. PNC Financial Services Group Inc. increased its stake in EOG Resources by 5.5% in the third quarter. PNC Financial Services Group Inc. now owns 219,444 shares of the energy exploration company’s stock valued at $26,976,000 after acquiring an additional 11,425 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in EOG Resources during the third quarter valued at approximately $10,752,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EOG shares. Wells Fargo & Company decreased their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Citigroup lowered their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Williams Trading set a $154.00 price target on shares of EOG Resources in a research note on Wednesday, March 5th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Piper Sandler decreased their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Twelve equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.33.

Insider Activity at EOG Resources

In related 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 completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $124.91 on Friday. The company has a market capitalization of $69.19 billion, a PE ratio of 10.06, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The firm has a fifty day simple moving average of $129.11 and a 200 day simple moving average of $127.45.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

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.