United Capital Financial Advisors LLC Trims Stake in EOG Resources, Inc. (NYSE:EOG)

United Capital Financial Advisors LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,501 shares of the energy exploration company’s stock after selling 1,460 shares during the period. United Capital Financial Advisors LLC’s holdings in EOG Resources were worth $4,352,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its holdings in EOG Resources by 285.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 33,971 shares of the energy exploration company’s stock worth $4,164,000 after purchasing an additional 25,151 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of EOG Resources in the 4th quarter worth about $5,888,000. Canada Post Corp Registered Pension Plan purchased a new position in EOG Resources during the 4th quarter valued at about $4,906,000. XTX Topco Ltd bought a new stake in EOG Resources during the fourth quarter worth about $2,477,000. Finally, Belpointe Asset Management LLC increased its stake in shares of EOG Resources by 8.5% during the fourth quarter. Belpointe Asset Management LLC now owns 18,480 shares of the energy exploration company’s stock valued at $2,381,000 after purchasing an additional 1,455 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on EOG. Barclays cut their price target on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. cut their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Piper Sandler dropped their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.19.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $108.13 on Thursday. The stock’s fifty day moving average is $123.13 and its 200 day moving average is $126.65. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $59.64 billion, a P/E ratio of 8.71, a P/E/G ratio of 3.58 and a beta of 0.93.

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

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.61%. EOG Resources’s payout ratio is currently 34.73%.

EOG Resources Profile

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.