EOG Resources, Inc. $EOG Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 82.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 943 shares of the energy exploration company’s stock after selling 4,544 shares during the quarter. Harbor Investment Advisory LLC’s holdings in EOG Resources were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Hemington Wealth Management increased its holdings in shares of EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the last quarter. Bollard Group LLC lifted its stake in EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares during the last quarter. apricus wealth LLC lifted its stake in EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after purchasing an additional 95 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in EOG Resources by 1.6% in the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 96 shares during the period. Finally, Hardy Reed LLC boosted its holdings in EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer directly owned 61,481 shares in the company, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,532 shares of company stock valued at $1,877,405 over the last three months. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $139.52 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The firm has a market capitalization of $74.85 billion, a PE ratio of 15.31, a P/E/G ratio of 3.75 and a beta of 0.44. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $141.13. The business’s fifty day moving average price is $120.32 and its two-hundred day moving average price is $113.04.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EOG shares. Stephens increased their target price on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Zacks Research raised shares of EOG Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. BMO Capital Markets boosted their price objective on shares of EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group increased their price objective on shares of EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Scotiabank set a $123.00 target price on shares of EOG Resources and gave the stock a “sector perform” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $138.23.

EOG Resources 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.