Parkside Investments LLC Sells 4,102 Shares of EOG Resources, Inc. $EOG

Parkside Investments LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,774 shares of the energy exploration company’s stock after selling 4,102 shares during the quarter. Parkside Investments LLC’s holdings in EOG Resources were worth $2,182,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Olistico Wealth LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $33,000. Physician Wealth Advisors Inc. grew its stake in shares of EOG Resources by 103.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after purchasing an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $38,000. AXS Investments LLC bought a new stake in shares of EOG Resources during the third quarter valued at approximately $41,000. Finally, City Holding Co. grew its stake in shares of EOG Resources by 469.2% during the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after purchasing an additional 305 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade 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 quarter, insiders sold 16,230 shares of company stock worth $2,272,568. Company insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 0.1%

EOG opened at $141.43 on Tuesday. The firm’s fifty day moving average is $138.07 and its two-hundred day moving average is $121.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The firm has a market cap of $75.33 billion, a PE ratio of 13.92 and a beta of 0.27. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for 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 business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $2.87 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler increased their price target on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Williams Trading set a $177.00 price target on shares of EOG Resources in a research note on Monday, April 20th. Mizuho increased their price objective on shares of EOG Resources from $147.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Scotiabank increased their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein cut their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

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.