EOG Resources, Inc. $EOG Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 66.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,907 shares of the energy exploration company’s stock after selling 11,609 shares during the quarter. Savant Capital LLC’s holdings in EOG Resources were worth $620,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Capital World Investors lifted its stake in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of EOG Resources in the third quarter worth about $87,193,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of EOG Resources by 2,410.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock worth $75,547,000 after buying an additional 690,765 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after buying an additional 662,539 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of EOG Resources by 140.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock worth $115,826,000 after buying an additional 644,569 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were 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 directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 12,456 shares of company stock valued at $1,788,033. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EOG. Scotiabank raised their price target on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler raised their price target on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Roth Mkm reissued a “neutral” rating and issued a $136.00 price target on shares of EOG Resources in a research note on Wednesday, May 6th. Susquehanna raised their price target on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Finally, Sanford C. Bernstein decreased their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Price Performance

Shares of EOG stock opened at $141.68 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The firm’s 50-day moving average is $138.01 and its two-hundred day moving average is $122.49. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a market capitalization of $75.46 billion, a PE ratio of 13.94 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm earned $2.87 earnings per share. EOG Resources’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 15.67 earnings per share for the current year.

EOG Resources Dividend Announcement

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

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.