Corient Private Wealth LLC Sells 11,654 Shares of EOG Resources, Inc. (NYSE:EOG)

Corient Private Wealth LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 429,226 shares of the energy exploration company’s stock after selling 11,654 shares during the quarter. Corient Private Wealth LLC’s holdings in EOG Resources were worth $52,615,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EOG. Financial Life Planners acquired a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. Y.D. More Investments Ltd increased its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $27,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 0.3 %

Shares of NYSE EOG opened at $123.56 on Tuesday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $129.49 and a two-hundred day moving average of $127.56. The company has a market cap of $68.44 billion, a PE ratio of 9.95, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 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 Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.16%. EOG Resources’s payout ratio is 34.73%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group reduced their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Barclays reduced their price objective on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $145.43.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.