EOG Resources, Inc. $EOG Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,216 shares of the energy exploration company’s stock after selling 16,646 shares during the quarter. Lake Street Private Wealth LLC’s holdings in EOG Resources were worth $2,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EOG. Cullen Capital Management LLC lifted its holdings in shares of EOG Resources by 4.7% in the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after purchasing an additional 25,753 shares during the last quarter. Rockland Trust Co. grew its position in EOG Resources by 5.1% in the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after purchasing an additional 11,965 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in EOG Resources by 21.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after purchasing an additional 11,442 shares during the last quarter. Railway Pension Investments Ltd increased its stake in shares of EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after purchasing an additional 23,846 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOG has been the subject of several analyst reports. Capital One Financial reduced their price objective on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Raymond James Financial lifted their target price on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Friday, February 13th. Scotiabank set a $123.00 price target on EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Roth Mkm reissued a “neutral” rating and issued a $110.00 price target on shares of EOG Resources in a research note on Wednesday, February 25th. Finally, Wolfe Research raised their price target on EOG Resources from $140.00 to $152.00 in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $138.23.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 2,597 shares of the firm’s 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 in the company, valued at approximately $13,464,040.26. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,371 shares of company stock valued at $1,294,698 over the last three months. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

EOG opened at $138.65 on Friday. The business has a 50 day moving average price of $119.64 and a two-hundred day moving average price of $112.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company has a market capitalization of $74.39 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $140.92.

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

EOG Resources Dividend Announcement

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

About EOG Resources

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.