Composition Wealth LLC Cuts Position in EOG Resources, Inc. $EOG

Composition Wealth LLC lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 67.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,855 shares of the energy exploration company’s stock after selling 11,925 shares during the quarter. Composition Wealth LLC’s holdings in EOG Resources were worth $615,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $33,000. Physician Wealth Advisors Inc. boosted its holdings in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares during the period. Salomon & Ludwin LLC boosted its holdings 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 purchasing an additional 178 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, 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 transaction of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 18,230 shares of company stock valued at $2,522,568. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EOG shares. Barclays lifted their target price on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Morgan Stanley lifted their target price on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. UBS Group lifted their target price on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Sanford C. Bernstein lifted their target price on EOG Resources from $126.00 to $167.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Finally, Weiss Ratings upgraded EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.68.

EOG Resources Trading Up 2.0%

EOG opened at $141.70 on Tuesday. The firm has a market cap of $75.91 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.73 and a beta of 0.27. 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, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The stock has a fifty day moving average price of $134.92 and a 200-day moving average price of $117.72.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion during 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 for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 EPS. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 14.75 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 16th. EOG Resources’s payout ratio is presently 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.