EOG Resources, Inc. $EOG Shares Sold by Jmac Enterprises LLC

Jmac Enterprises LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 40.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,062 shares of the energy exploration company’s stock after selling 3,500 shares during the period. Jmac Enterprises LLC’s holdings in EOG Resources were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EOG. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $33,000. Salomon & Ludwin LLC raised 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 in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Ann D. Janssen sold 4,161 shares of the business’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 sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’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 transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,230 shares of company stock worth $2,522,568 in the last 90 days. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Up 0.3%

NYSE EOG opened at $143.02 on Tuesday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company’s 50 day simple moving average is $127.76 and its 200 day simple moving average is $114.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company has a market capitalization of $76.62 billion, a P/E ratio of 15.70, a PEG ratio of 3.03 and a beta of 0.32.

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

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s payout ratio is currently 44.79%.

Analysts Set New Price Targets

A number of analysts recently commented on EOG shares. Capital One Financial boosted 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. BMO Capital Markets boosted their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Morgan Stanley boosted their target price on shares of EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. Stephens boosted their target price on shares of EOG Resources from $139.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Finally, Wolfe Research boosted their target price on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.11.

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.