Berkeley Capital Partners LLC Lowers Stake in EOG Resources, Inc. $EOG

Berkeley Capital Partners LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 54.5% in the fourth quarter, Holdings Channel reports. The firm owned 6,924 shares of the energy exploration company’s stock after selling 8,296 shares during the period. Berkeley Capital Partners LLC’s holdings in EOG Resources were worth $727,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Bollard Group LLC boosted its stake in shares of EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares during the period. Hardy Reed LLC boosted its stake in shares of EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares during the period. RKL Wealth Management LLC boosted its stake in shares of EOG Resources by 0.5% during the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after purchasing an additional 98 shares during the period. CoreFirst Bank & Trust boosted its stake in shares of EOG Resources by 18.5% during the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 100 shares during the period. Finally, Ethos Financial Group LLC boosted its stake in shares of EOG Resources by 2.5% during the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after purchasing an additional 100 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock valued at $2,522,568 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EOG. Truist Financial lifted their price objective on EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a report on Friday, May 8th. UBS Group lifted their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Piper Sandler lifted their price objective on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Roth Mkm restated a “neutral” rating and issued a $136.00 price objective on shares of EOG Resources in a report on Wednesday, May 6th. Finally, Williams Trading set a $177.00 price objective on EOG Resources in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.21.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $134.96 on Thursday. The company has a market capitalization of $71.88 billion, a PE ratio of 13.28, a P/E/G ratio of 1.67 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The company has a 50-day simple moving average of $136.39 and a two-hundred day simple moving average of $119.06. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.87 earnings per share. Research analysts expect that EOG Resources, Inc. will post 14.76 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s payout ratio is currently 40.16%.

Key Stories Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Goldman Sachs raised its price target on EOG Resources to $139 from $135 while keeping a neutral rating, signaling modest upside expectations and reinforcing investor interest in the stock. Goldman Sachs adjusts price target on EOG Resources to $139 from $135, maintains neutral rating
• Positive Sentiment: New articles from Zacks and MSN highlighted EOG as a top long-term momentum stock, which can attract momentum and growth investors looking for strong energy names. Why EOG Resources (EOG) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: EOG Resources announced it will present at the Bernstein Strategic Decisions Conference on May 27, keeping the company in front of investors but not changing fundamentals by itself. EOG Resources to Present at Upcoming Conference
• Neutral Sentiment: Broader energy-sector news, including APA’s earnings beat and SM Energy’s strong run, may be helping sentiment across oil and gas stocks, though these reports are not specific to EOG’s operations. APA Corporation Q1 Earnings Beat Estimates on Higher Oil Prices

EOG Resources Company Profile

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.