Jefferies Financial Group Inc. Sells 8,012 Shares of EOG Resources, Inc. $EOG

Jefferies Financial Group Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 13.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,928 shares of the energy exploration company’s stock after selling 8,012 shares during the quarter. Jefferies Financial Group Inc.’s holdings in EOG Resources were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. MQS Management LLC raised its stake in EOG Resources by 12.2% during the 4th quarter. MQS Management LLC now owns 8,389 shares of the energy exploration company’s stock valued at $881,000 after purchasing an additional 915 shares during the period. Guinness Asset Management LTD boosted its holdings in shares of EOG Resources by 14.4% in the 4th quarter. Guinness Asset Management LTD now owns 73,278 shares of the energy exploration company’s stock worth $7,668,000 after purchasing an additional 9,209 shares during the period. Cumberland Partners Ltd boosted its holdings in shares of EOG Resources by 432.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after purchasing an additional 12,562 shares during the period. Legato Capital Management LLC boosted its holdings in shares of EOG Resources by 7.5% in the 4th quarter. Legato Capital Management LLC now owns 5,975 shares of the energy exploration company’s stock worth $627,000 after purchasing an additional 419 shares during the period. Finally, RD Lewis Holdings Inc. boosted its holdings in shares of EOG Resources by 6.3% in the 4th quarter. RD Lewis Holdings Inc. now owns 21,681 shares of the energy exploration company’s stock worth $2,394,000 after purchasing an additional 1,280 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EOG shares. BMO Capital Markets boosted their price objective on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Truist Financial boosted their price target on EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. Barclays boosted their price target on 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, Wolfe Research boosted their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Two research 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.com, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $155.64.

EOG Resources Price Performance

NYSE:EOG opened at $141.43 on Tuesday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week 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. The stock’s fifty day moving average is $138.07 and its two-hundred day moving average is $121.04. The company has a market capitalization of $75.33 billion, a P/E ratio of 13.92 and a beta of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

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

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,230 shares of company stock valued at $2,272,568 over the last three months. Company 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.