EOG Resources, Inc. $EOG Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 42.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,216 shares of the energy exploration company’s stock after selling 16,646 shares during the period. Lake Street Private Wealth LLC’s holdings in EOG Resources were worth $2,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EOG. JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources during the third quarter valued at $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in EOG Resources in the 2nd quarter worth about $35,000. Salomon & Ludwin LLC raised its holdings in EOG Resources by 122.8% during 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 during the period. Mountain Hill Investment Partners Corp. acquired a new stake in EOG Resources during the 3rd quarter worth about $37,000. Finally, Quent Capital LLC purchased a new stake in EOG Resources during the third quarter valued at about $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on EOG. Wolfe Research raised their target price on shares of EOG Resources from $140.00 to $152.00 in a report on Monday, March 9th. Wells Fargo & Company upped their price target on shares of EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. BMO Capital Markets raised their price objective on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Barclays lifted their price objective on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Finally, Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $138.23.

EOG Resources Stock Performance

EOG stock opened at $138.65 on Friday. The firm has a 50 day simple moving average of $119.64 and a 200 day simple moving average of $112.97. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $140.92. The stock has a market cap of $74.39 billion, a P/E ratio of 15.22, a P/E/G ratio of 3.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter in the prior year, the business earned $2.74 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. 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 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 2,597 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $134.31, for a total value of $348,803.07. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $11,445,850. This trade represents a 2.22% 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 10,371 shares of company stock valued at $1,294,698. 0.13% of the stock is owned by corporate insiders.

EOG Resources 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.