Dearborn Partners LLC Decreases Stake in EOG Resources, Inc. $EOG

Dearborn Partners LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 17.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 127,514 shares of the energy exploration company’s stock after selling 27,265 shares during the quarter. Dearborn Partners LLC’s holdings in EOG Resources were worth $13,390,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth about $30,000. Havemeyer Place LP purchased a new stake in shares of EOG Resources during the 4th quarter worth about $1,084,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of EOG Resources by 10.9% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 72,989 shares of the energy exploration company’s stock worth $7,665,000 after purchasing an additional 7,169 shares during the period. Argonautica Private Wealth Management Inc. grew its holdings in shares of EOG Resources by 40.8% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 7,559 shares of the energy exploration company’s stock worth $794,000 after purchasing an additional 2,189 shares during the period. Finally, Pinebridge Investments LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth about $2,712,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 2.2%

EOG opened at $137.72 on Friday. The stock has a market capitalization of $73.35 billion, a PE ratio of 13.55 and a beta of 0.25. The firm’s fifty day moving average price is $137.86 and its 200 day moving average price is $122.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOGGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.87 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EOG. Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Williams Trading set a $177.00 price target on EOG Resources in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. UBS Group boosted their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company set a $196.00 price target on EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. One 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. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

Read Our Latest Stock Report on EOG Resources

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’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 value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, 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 three months, insiders have sold 12,456 shares of company stock worth $1,788,033. Corporate insiders own 0.14% of the company’s stock.

Key EOG Resources News

Here are the key news stories impacting EOG Resources this week:

About EOG Resources

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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