EOG Resources, Inc. $EOG Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,905 shares of the energy exploration company’s stock after selling 13,722 shares during the quarter. Park Avenue Securities LLC’s holdings in EOG Resources were worth $2,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EOG. Cullen Capital Management LLC lifted its stake in EOG Resources by 4.7% in the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after buying an additional 25,753 shares in the last quarter. Rockland Trust Co. increased its position in EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after buying an additional 11,965 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of EOG Resources by 21.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of EOG Resources by 2.1% in the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares during the last quarter. Finally, Railway Pension Investments Ltd lifted its position in shares of EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after acquiring an additional 28,800 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, CFO Ann D. Janssen sold 2,597 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $134.31, for a total transaction of $348,803.07. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $13,464,040.26. This represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,371 shares of company stock worth $1,294,698. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler increased their price objective on EOG Resources from $127.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Finally, Mizuho lifted their price target on shares of EOG Resources from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $138.23.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $138.65 on Monday. The company has a market cap of $74.39 billion, a P/E ratio of 15.22, a P/E/G ratio of 3.75 and a beta of 0.44. The business has a fifty day simple moving average of $119.64 and a 200-day simple moving average of $112.92. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $140.92. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the prior year, the business posted $2.74 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is currently 44.79%.

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.