EOG Resources, Inc. (NYSE:EOG) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,889 shares of the energy exploration company’s stock after selling 2,731 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in EOG Resources were worth $6,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Financial Life Planners purchased a new stake in EOG Resources in the 4th quarter valued at about $25,000. Y.D. More Investments Ltd boosted its position in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources during the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources during the fourth quarter worth approximately $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $126.84 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The business has a 50 day moving average price of $128.43 and a two-hundred day moving average price of $127.61. The firm has a market cap of $70.26 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.07%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EOG shares. Truist Financial upped their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Mizuho restated a “neutral” rating and set a $140.00 price target (down from $148.00) on shares of EOG Resources in a research note on Tuesday. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Williams Trading set a $154.00 target price on shares of EOG Resources in a research report on Wednesday, March 5th. Finally, Citigroup cut their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average price target of $144.67.

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.