Fragasso Financial Advisors Inc Trims Stake in EOG Resources, Inc. $EOG

Fragasso Financial Advisors Inc reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,740 shares of the energy exploration company’s stock after selling 4,289 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in EOG Resources were worth $1,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EOG. Precedent Wealth Partners LLC raised its stake in shares of EOG Resources by 68.2% in the fourth quarter. Precedent Wealth Partners LLC now owns 6,738 shares of the energy exploration company’s stock worth $708,000 after buying an additional 2,733 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of EOG Resources by 11.4% during the 4th quarter. Central Pacific Bank Trust Division now owns 2,510 shares of the energy exploration company’s stock valued at $264,000 after acquiring an additional 257 shares during the period. Park National Corp OH purchased a new stake in EOG Resources in the 4th quarter worth approximately $317,000. Miller Global Investments LLC purchased a new stake in EOG Resources in the 4th quarter worth approximately $462,000. Finally, Advisors Management Group Inc. ADV raised its stake in EOG Resources by 6.8% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 6,332 shares of the energy exploration company’s stock worth $710,000 after acquiring an additional 403 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Stephens raised their price objective on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. UBS Group lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wolfe Research lifted their target price on shares of EOG Resources from $140.00 to $152.00 in a research note on Monday, March 9th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $138.23.

EOG Resources Trading Down 0.1%

Shares of EOG opened at $138.65 on Friday. The firm has a market cap of $74.39 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 3.76 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $140.92. The company has a 50 day simple moving average of $119.64 and a two-hundred day simple moving average of $113.06.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s payout ratio is presently 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 2,597 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $134.31, for a total transaction of $348,803.07. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $13,464,040.26. This represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. The trade was a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,371 shares of company stock worth $1,294,698. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.