Parkside Investments LLC Has $2.18 Million Position in EOG Resources, Inc. $EOG

Parkside Investments LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,774 shares of the energy exploration company’s stock after selling 4,102 shares during the period. Parkside Investments LLC’s holdings in EOG Resources were worth $2,182,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in EOG. Olistico Wealth LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $33,000. Physician Wealth Advisors Inc. raised its position 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 during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $38,000. City Holding Co. raised its position 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 during the last quarter. Finally, AXS Investments LLC acquired a new position in shares of EOG Resources during the third quarter valued at about $41,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $141.43 on Tuesday. The stock has a market cap of $75.33 billion, a P/E ratio of 13.92 and a beta of 0.27. The company’s 50-day simple moving average is $138.07 and its 200 day simple moving average is $121.04. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.87 earnings per share. As a group, research analysts forecast that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. BMO Capital Markets upped their target price on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group upped their target price on shares of EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Barclays upped their target price on shares of EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Finally, Scotiabank upped their target price on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.64.

Insider Activity

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,230 shares of company stock worth $2,272,568 over the last ninety days. Insiders own 0.14% of the company’s stock.

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.