Meeder Asset Management Inc. Sells 118,584 Shares of EOG Resources, Inc. $EOG

Meeder Asset Management Inc. lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 93.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,712 shares of the energy exploration company’s stock after selling 118,584 shares during the quarter. Meeder Asset Management Inc.’s holdings in EOG Resources were worth $865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. StrongBox Wealth LLC boosted its stake in shares of EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after purchasing an additional 88 shares during the period. ORG Partners LLC lifted its holdings in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Ameriflex Group Inc. boosted its position in EOG Resources by 31.6% in the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after buying an additional 91 shares during the period. Hemington Wealth Management boosted its position in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares during the period. Finally, apricus wealth LLC grew its stake in EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EOG shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $153.00 price target on shares of EOG Resources in a research note on Wednesday, December 3rd. Roth Capital reaffirmed a “neutral” rating on shares of EOG Resources in a research report on Monday, December 15th. Piper Sandler lowered their target price on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price target (down previously from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Finally, The Goldman Sachs Group lowered their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.19.

EOG Resources Trading Up 0.5%

Shares of NYSE:EOG opened at $105.44 on Tuesday. The company has a market capitalization of $57.21 billion, a PE ratio of 10.50, a P/E/G ratio of 8.22 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $138.18. The business’s fifty day simple moving average is $106.65 and its 200-day simple moving average is $113.02.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company earned $2.89 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. EOG Resources’s payout ratio is presently 40.64%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

EOG Resources Company 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.