Fragasso Financial Advisors Inc Decreases Stock Holdings in EOG Resources, Inc. $EOG

Fragasso Financial Advisors Inc reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,740 shares of the energy exploration company’s stock after selling 4,289 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in EOG Resources were worth $1,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new stake in EOG Resources in the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new position in EOG Resources during the second quarter valued at $35,000. Salomon & Ludwin LLC grew its stake in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after buying an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources in the 3rd quarter worth $37,000. Finally, Quent Capital LLC bought a new stake in shares of EOG Resources in the 3rd quarter worth about $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 2,597 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $134.31, for a total value of $348,803.07. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $13,464,040.26. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,371 shares of company stock worth $1,294,698. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Barclays boosted their price objective on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Capital One Financial decreased their price objective on EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Citigroup reaffirmed a “neutral” rating and issued a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lifted their target price on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $138.23.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $138.65 on Friday. The company has a market capitalization of $74.39 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 3.76 and a beta of 0.44. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $140.92. The firm’s 50-day moving average is $119.64 and its 200 day moving average is $113.06. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share 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 net margin of 22.00% and a return on equity of 18.67%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $2.74 EPS. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

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

About EOG Resources

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.