Congress Asset Management Co. Decreases Stock Holdings in EOG Resources, Inc. $EOG

Congress Asset Management Co. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 109,661 shares of the energy exploration company’s stock after selling 7,062 shares during the quarter. Congress Asset Management Co.’s holdings in EOG Resources were worth $12,295,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EOG. Caitong International Asset Management Co. Ltd lifted its position in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of EOG Resources during the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources in the 2nd quarter valued at about $29,000. ORG Partners LLC grew its position in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the second quarter worth approximately $35,000. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EOG. Mizuho set a $134.00 price objective on EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. BMO Capital Markets lowered their price target on EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Siebert Williams Shank cut their price objective on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. KeyCorp reduced their target price on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Finally, Wolfe Research dropped their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $138.93.

EOG Resources Trading Down 0.7%

NYSE EOG opened at $101.94 on Monday. The stock has a market cap of $55.31 billion, a PE ratio of 10.15, a PEG ratio of 7.71 and a beta of 0.49. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $138.18. The company’s 50-day moving average price is $107.32 and its 200-day moving average price is $114.79. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.89 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 4.0%. EOG Resources’s dividend payout ratio is 40.64%.

EOG Resources Company 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.