EOG Resources, Inc. $EOG Stock Holdings Lessened by SVB Wealth LLC

SVB Wealth LLC lessened its position in EOG Resources, Inc. (NYSE:EOG) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,741 shares of the energy exploration company’s stock after selling 6,535 shares during the period. SVB Wealth LLC’s holdings in EOG Resources were worth $1,548,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources in the 3rd quarter worth about $32,000. Olistico Wealth LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth about $33,000. Physician Wealth Advisors Inc. increased its holdings in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after acquiring an additional 170 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of EOG Resources in the 3rd quarter worth about $37,000. Finally, Quent Capital LLC acquired a new stake in shares of EOG Resources in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EOG shares. Capital One Financial increased their price objective on shares of EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Jefferies Financial Group increased their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Scotiabank increased their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Susquehanna increased their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Finally, Barclays increased their price objective on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.17.

EOG Resources Stock Up 2.5%

EOG Resources stock opened at $133.26 on Tuesday. The stock has a market cap of $70.98 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.61 and a beta of 0.27. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $136.06 and its two-hundred day moving average price is $118.67. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $2.87 EPS. On average, analysts expect that EOG Resources, Inc. will post 14.81 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on 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 directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,230 shares of company stock worth $2,522,568 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

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.