Johnson Financial Group Inc. Sells 1,823 Shares of EOG Resources, Inc. $EOG

Johnson Financial Group Inc. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,725 shares of the energy exploration company’s stock after selling 1,823 shares during the quarter. Johnson Financial Group Inc.’s holdings in EOG Resources were worth $2,599,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. AE Wealth Management LLC increased its stake in shares of EOG Resources by 96.3% during the first quarter. AE Wealth Management LLC now owns 4,204 shares of the energy exploration company’s stock valued at $539,000 after purchasing an additional 2,062 shares in the last quarter. LPL Financial LLC boosted its position in shares of EOG Resources by 10.8% in the 1st quarter. LPL Financial LLC now owns 514,736 shares of the energy exploration company’s stock worth $66,010,000 after purchasing an additional 50,055 shares in the last quarter. Mackenzie Financial Corp increased its position in EOG Resources by 23.8% during the 1st quarter. Mackenzie Financial Corp now owns 214,477 shares of the energy exploration company’s stock valued at $27,505,000 after buying an additional 41,259 shares in the last quarter. Picton Mahoney Asset Management increased its position in EOG Resources by 30,680.0% during the 1st quarter. Picton Mahoney Asset Management now owns 3,078 shares of the energy exploration company’s stock valued at $395,000 after buying an additional 3,068 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in EOG Resources during the first quarter valued at $6,394,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

EOG opened at $106.27 on Thursday. The company’s 50-day simple moving average is $109.14 and its two-hundred day simple moving average is $115.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The stock has a market capitalization of $57.66 billion, a P/E ratio of 10.33, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $2.89 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is presently 40.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EOG shares. Barclays set a $136.00 price target on EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Mizuho decreased their target price on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Royal Bank Of Canada increased their price target on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group reduced their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.33.

About EOG Resources

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.