Xponance Inc. Decreases Stock Holdings in EOG Resources, Inc. $EOG

Xponance Inc. lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 6.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 71,012 shares of the energy exploration company’s stock after selling 4,828 shares during the quarter. Xponance Inc.’s holdings in EOG Resources were worth $7,962,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JCIC Asset Management Inc. purchased a new position in EOG Resources in the third quarter worth about $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in EOG Resources during the second quarter valued at approximately $35,000. Salomon & Ludwin LLC lifted its stake in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after purchasing an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 2.4%

Shares of EOG opened at $124.07 on Friday. The firm has a market capitalization of $66.56 billion, a price-to-earnings ratio of 13.62 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.43. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $130.52. The company has a 50-day moving average of $111.21 and a 200 day moving average of $111.74.

EOG Resources (NYSE:EOGGet Free Report) last issued its earnings results 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. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the company posted $2.74 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.3%. EOG Resources’s payout ratio is 44.79%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EOG. Barclays lowered their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Stephens increased their target price on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Zacks Research lowered shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price objective (up from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.59.

View Our Latest Report on EOG Resources

Trending Headlines about EOG Resources

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Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

EOG Resources Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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