Oak Family Advisors LLC Sells 20,551 Shares of EOG Resources, Inc. $EOG

Oak Family Advisors LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 56.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,869 shares of the energy exploration company’s stock after selling 20,551 shares during the quarter. Oak Family Advisors LLC’s holdings in EOG Resources were worth $1,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockland Trust Co. lifted its holdings in shares of EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after acquiring an additional 11,965 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of EOG Resources by 21.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of EOG Resources by 2.1% in the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after acquiring an additional 23,846 shares during the last quarter. Finally, L2 Asset Management LLC lifted its holdings in shares of EOG Resources by 69.6% in the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after acquiring an additional 7,940 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EOG shares. Sanford C. Bernstein increased 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. Capital One Financial increased their target price on shares of EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Piper Sandler increased their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. DA Davidson increased their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Raymond James Financial increased their target price on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.69.

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EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

EOG Resources Stock Down 2.9%

Shares of NYSE EOG opened at $130.81 on Friday. The company has a 50 day simple moving average of $135.67 and a 200 day simple moving average of $118.32. The firm has a market cap of $70.07 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.67 and a beta of 0.27. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.42.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business earned $2.87 EPS. On average, research analysts forecast that EOG Resources, Inc. will post 14.81 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by company insiders.

About EOG Resources

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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