J.P. Marvel Investment Advisors LLC Reduces Stake in EOG Resources, Inc. $EOG

J.P. Marvel Investment Advisors LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 32.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,161 shares of the energy exploration company’s stock after selling 22,842 shares during the period. J.P. Marvel Investment Advisors LLC’s holdings in EOG Resources were worth $4,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EOG. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the third quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $33,000. Salomon & Ludwin LLC boosted its position in EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after buying an additional 178 shares during the last quarter. Quent Capital LLC purchased a new stake in EOG Resources in the third quarter valued at approximately $37,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in EOG Resources in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was 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 directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on EOG. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. UBS Group upped their price objective on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Truist Financial began coverage on EOG Resources in a research report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price objective on the stock. Scotiabank upped their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Morgan Stanley upped their price objective on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $153.68.

EOG Resources Stock Down 0.6%

EOG stock opened at $133.09 on Friday. The company has a market cap of $71.30 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.67 and a beta of 0.32. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a 50-day moving average of $133.68 and a two-hundred day moving average of $116.86.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter last year, the business posted $2.74 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that EOG Resources, Inc. will post 13.45 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given 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 yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

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.