Oppenheimer Asset Management Inc. Sells 48,434 Shares of EOG Resources, Inc. $EOG

Oppenheimer Asset Management Inc. lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 56.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,659 shares of the energy exploration company’s stock after selling 48,434 shares during the period. Oppenheimer Asset Management Inc.’s holdings in EOG Resources were worth $3,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Capital World Investors lifted its holdings in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the period. Vanguard Group Inc. increased its stake in EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after acquiring an additional 446,341 shares during the period. Capital Research Global Investors increased its stake in EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after acquiring an additional 122,486 shares during the period. Northern Trust Corp lifted its stake in EOG Resources by 0.8% during the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after purchasing an additional 49,987 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in EOG Resources by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after purchasing an additional 344,291 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Scotiabank increased their target price on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group boosted their price target on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. The Goldman Sachs Group increased their price objective on EOG Resources from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Susquehanna lifted their price objective on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein upped their target price on shares of EOG Resources from $126.00 to $167.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $153.68.

Insider Activity

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 0.1%

EOG stock opened at $139.09 on Monday. The business has a fifty day moving average price of $134.92 and a 200 day moving average price of $117.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The stock has a market capitalization of $74.51 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.73 and a beta of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. Analysts expect that EOG Resources, Inc. will post 14.75 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is currently 44.79%.

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.