EOG Resources, Inc. $EOG Shares Sold by Vest Financial LLC

Vest Financial LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 96.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,870 shares of the energy exploration company’s stock after selling 83,018 shares during the period. Vest Financial LLC’s holdings in EOG Resources were worth $301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the 3rd quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth $33,000. Salomon & Ludwin LLC increased its holdings in shares of 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 last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of EOG Resources during the 3rd quarter worth $37,000. Finally, Quent Capital LLC acquired a new stake in shares of EOG Resources during the 3rd quarter worth $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 1.2%

Shares of NYSE EOG opened at $140.80 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a market cap of $75.43 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.80 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. The stock has a fifty day moving average price of $134.92 and a 200 day moving average price of $117.61.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the prior year, the firm earned $2.74 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 14.23 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 16th. EOG Resources’s dividend payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EOG shares. Jefferies Financial Group upped their price objective on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Stephens upped their price objective on EOG Resources from $139.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Piper Sandler upped their price objective on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Scotiabank upped their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Wolfe Research upped their price objective on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and an average target price of $153.68.

Insider Buying and Selling at EOG Resources

In related news, 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 value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s 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 completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by insiders.

About EOG Resources

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.