EOG Resources, Inc. $EOG Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 38.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,533 shares of the energy exploration company’s stock after selling 5,937 shares during the period. Cumberland Partners Ltd’s holdings in EOG Resources were worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC grew its holdings in shares of EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after acquiring an additional 7,877 shares during the period. Ilmarinen Mutual Pension Insurance Co raised its holdings in EOG Resources by 39.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after purchasing an additional 24,500 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in EOG Resources by 2.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after purchasing an additional 24,984 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in EOG Resources by 8.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock worth $32,541,000 after purchasing an additional 24,960 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in EOG Resources by 1,729.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 12,712 shares of the energy exploration company’s stock worth $1,335,000 after purchasing an additional 12,017 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EOG. Mizuho set a $157.00 price target on EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Citigroup decreased their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Scotiabank raised their target price on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Williams Trading set a $177.00 target price on shares of EOG Resources in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.32.

EOG Resources Stock Performance

EOG Resources stock opened at $146.62 on Friday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a market capitalization of $78.09 billion, a price-to-earnings ratio of 14.43 and a beta of 0.25. The stock has a fifty day moving average of $136.76 and a two-hundred day moving average of $129.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.87 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s payout ratio is presently 40.16%.

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.