iA Global Asset Management Inc. Sells 22,270 Shares of EOG Resources, Inc. $EOG

iA Global Asset Management Inc. trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 57.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 16,180 shares of the energy exploration company’s stock after selling 22,270 shares during the quarter. iA Global Asset Management Inc.’s holdings in EOG Resources were worth $1,699,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bollard Group LLC lifted its position in shares of EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after acquiring an additional 93 shares during the period. Hardy Reed LLC lifted its position in shares of EOG Resources by 4.5% during the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after acquiring an additional 97 shares during the period. RKL Wealth Management LLC lifted its position in shares of EOG Resources by 0.5% during the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after acquiring an additional 98 shares during the period. CoreFirst Bank & Trust lifted its position in shares of EOG Resources by 18.5% during the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after acquiring an additional 100 shares during the period. Finally, Ethos Financial Group LLC lifted its position in shares of EOG Resources by 2.5% during the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after acquiring an additional 100 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was 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 owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 18,230 shares of company stock valued at $2,522,568. Insiders own 0.14% of the company’s stock.

EOG Resources Price Performance

Shares of EOG stock opened at $143.03 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a market cap of $76.18 billion, a P/E ratio of 14.08 and a beta of 0.27. The business has a fifty day simple moving average of $137.03 and a 200 day simple moving average of $119.77.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the company earned $2.87 EPS. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources, Inc. will post 14.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BMO Capital Markets upped their target price on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Sanford C. Bernstein set a $155.00 target price on EOG Resources and gave the company a “market perform” rating in a research report on Monday, May 11th. Williams Trading set a $177.00 price objective on EOG Resources in a research report on Monday, April 20th. Finally, Barclays upped their price objective on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $154.21.

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.