Fidelis Capital Partners LLC Reduces Stock Holdings in EOG Resources, Inc. $EOG

Fidelis Capital Partners LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 48.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,529 shares of the energy exploration company’s stock after selling 7,025 shares during the quarter. Fidelis Capital Partners LLC’s holdings in EOG Resources were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the second quarter valued at $29,000. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources during the third quarter worth about $32,000. Keener Financial Planning LLC acquired a new stake in shares of EOG Resources during the second quarter worth about $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the second quarter worth about $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore ISI upped their target price on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Barclays lowered their target price on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $126.00 price target (down previously from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Finally, Siebert Williams Shank lowered 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $134.07.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Up 1.0%

Shares of EOG Resources stock opened at $112.15 on Friday. The company has a market cap of $60.85 billion, a P/E ratio of 11.17, a PEG ratio of 9.59 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $135.87. The firm has a fifty day moving average of $106.82 and a two-hundred day moving average of $111.88.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.6%. EOG Resources’s payout ratio is presently 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.