EOG Resources, Inc. $EOG Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd reduced its position in EOG Resources, Inc. (NYSE:EOG) by 38.4% in the 1st quarter, Holdings Channel reports. The fund owned 9,533 shares of the energy exploration company’s stock after selling 5,937 shares during the period. Cumberland Partners Ltd’s holdings in EOG Resources were worth $1,378,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EOG. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $25,000. SJS Investment Consulting Inc. increased its stake in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc purchased a new position in EOG Resources during the fourth quarter worth about $26,000. Nemes Rush Group LLC purchased a new position in EOG Resources during the fourth quarter worth about $30,000. Finally, Financial Life Planners purchased a new position in EOG Resources during the first quarter worth about $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on EOG shares. Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Citigroup cut their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Capital One Financial lowered their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. DA Davidson boosted their target price on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Piper Sandler upped their price target on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.32.

EOG Resources Price Performance

EOG stock opened at $146.62 on Friday. The company has a market cap of $78.09 billion, a PE ratio of 14.43 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $136.76 and a two-hundred day moving average price of $129.90. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $2.87 EPS. As a group, research analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

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.