Ellsworth Advisors LLC Has $3.94 Million Stock Holdings in EOG Resources, Inc. $EOG

Ellsworth Advisors LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 13.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,495 shares of the energy exploration company’s stock after buying an additional 4,395 shares during the period. Ellsworth Advisors LLC’s holdings in EOG Resources were worth $3,942,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EOG. Hemington Wealth Management grew its stake in EOG Resources by 7.2% in the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the period. Bollard Group LLC increased its holdings in shares of EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after acquiring an additional 93 shares in the last quarter. apricus wealth LLC raised its position in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after purchasing an additional 95 shares during the period. Sowell Financial Services LLC raised its position in shares of EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 96 shares during the period. Finally, Hardy Reed LLC lifted its holdings in shares of EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 97 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EOG shares. Susquehanna reduced their price target on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research report on Thursday, February 26th. Raymond James Financial raised their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, March 27th. Scotiabank upgraded shares of EOG Resources to a “hold” rating in a report on Friday, March 27th. KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Finally, Jefferies Financial Group raised their price target on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $145.04.

EOG Resources News Summary

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

• Positive Sentiment: Multiple brokerages raised price targets today (BMO to $160/outperform; Stephens to $170; Piper Sandler and Mizuho to ~$147) — signals analyst confidence and possible upside over time. BMO raises PT to $160 Stephens raises PT to $170 Piper Sandler raises PT to $147 Mizuho raises PT on EBITDA outlook
• Neutral Sentiment: Consensus analyst stance remains mixed-to-cautious (average “Hold” and Citi “Hold”), which could limit immediate upside despite the target increases. Average recommendation “Hold” Citi assigns Hold
• Negative Sentiment: Crude oil prices fell after reports President Trump said Iran asked for a cease-fire and other headlines suggesting a quicker end to the Iran conflict; Brent and WTI slid below recent levels, removing a key commodity catalyst and pressuring EOG shares today. Oil Prices Fall on Fresh Hopes for a Swift End to Iran War Trump Says Iran Has Asked for a Cease-Fire

EOG Resources Price Performance

EOG opened at $140.52 on Thursday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company has a market capitalization of $75.28 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 3.10 and a beta of 0.32. The firm’s fifty day moving average price is $125.64 and its two-hundred day moving average price is $114.40.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,532 shares of company stock worth $1,666,045 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

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.