EOG Resources, Inc. (NYSE:EOG) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,646 shares of the energy exploration company’s stock after selling 3,621 shares during the quarter. Congress Wealth Management LLC DE’s holdings in EOG Resources were worth $15,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. Financial Life Planners acquired a new position in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd grew its position in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in EOG Resources in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the 4th quarter valued at about $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following 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 sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 2.5 %

Shares of EOG Resources stock opened at $128.35 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The business has a 50-day moving average of $128.99 and a 200-day moving average of $127.55. The company has a market capitalization of $71.10 billion, a PE ratio of 10.33, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 3.04%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley dropped their price objective on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

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.