Fidelis Capital Partners LLC Cuts Position in EOG Resources, Inc. $EOG

Fidelis Capital Partners LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 72.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,041 shares of the energy exploration company’s stock after selling 5,488 shares during the quarter. Fidelis Capital Partners LLC’s holdings in EOG Resources were worth $214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in EOG Resources in the fourth quarter worth $33,000. Physician Wealth Advisors Inc. lifted its stake in EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter worth $38,000. AXS Investments LLC bought a new stake in EOG Resources in the third quarter worth $41,000. Finally, City Holding Co. lifted its stake in EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 305 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on EOG. Susquehanna boosted their price target on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Citigroup reissued a “neutral” rating and issued a $147.00 price target (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. Sanford C. Bernstein lowered their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price target on shares of EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. Finally, BMO Capital Markets boosted their price target on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.39.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $133.55 on Friday. The company has a market cap of $71.13 billion, a price-to-earnings ratio of 13.14 and a beta of 0.27. The company has a 50-day moving average price of $138.01 and a 200-day moving average price of $121.76. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.87 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,230 shares of company stock valued at $2,272,568. Insiders own 0.14% 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.