EOG Resources, Inc. $EOG Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 27.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 103,223 shares of the energy exploration company’s stock after selling 38,499 shares during the period. Thrivent Financial for Lutherans’ holdings in EOG Resources were worth $10,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EOG. Olistico Wealth LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at $33,000. Physician Wealth Advisors Inc. grew its holdings in shares of EOG Resources by 103.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after buying an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at $38,000. City Holding Co. grew its holdings in shares of EOG Resources by 469.2% during the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 305 shares in the last quarter. Finally, CNB Bank grew its holdings in shares of EOG Resources by 361.0% during the third quarter. CNB Bank now owns 355 shares of the energy exploration company’s stock valued at $40,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 18,230 shares of company stock valued at $2,522,568. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EOG shares. Morgan Stanley lifted their price target on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Williams Trading set a $177.00 price target on EOG Resources in a report on Monday, April 20th. Capital One Financial lifted their price target on EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. Scotiabank lifted their price target on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein set a $155.00 price target on EOG Resources and gave the company a “market perform” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $154.21.

EOG Resources Price Performance

EOG opened at $144.31 on Wednesday. The stock has a market cap of $76.86 billion, a price-to-earnings ratio of 14.20 and a beta of 0.27. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $137.28 and a 200 day moving average price of $120.04.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 earnings per share. Analysts forecast that EOG Resources, Inc. will post 14.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

EOG Resources Company 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.