Ascent Group LLC Has $3.19 Million Stake in EOG Resources, Inc. $EOG

Ascent Group LLC lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,328 shares of the energy exploration company’s stock after selling 4,505 shares during the quarter. Ascent Group LLC’s holdings in EOG Resources were worth $3,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Capital World Investors increased its holdings in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the period. Qube Research & Technologies Ltd bought a new position in EOG Resources during the 3rd quarter worth $87,193,000. TD Asset Management Inc raised its holdings in EOG Resources by 288.1% in the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock valued at $100,065,000 after acquiring an additional 662,539 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in EOG Resources by 140.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock valued at $115,826,000 after acquiring an additional 644,569 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of EOG Resources by 1,697.1% during the 4th quarter. SG Americas Securities LLC now owns 600,024 shares of the energy exploration company’s stock valued at $63,009,000 after acquiring an additional 566,635 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EOG shares. Morgan Stanley increased their target price on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. Wolfe Research upped their price objective on shares of EOG Resources from $140.00 to $152.00 in a research report on Monday, March 9th. Truist Financial assumed coverage on shares of EOG Resources in a research note on Tuesday, March 24th. They set a “hold” rating and a $146.00 price objective on the stock. Citigroup raised their target price on shares of EOG Resources from $115.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Finally, Jefferies Financial Group boosted their target price 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 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $145.04.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $142.62 on Monday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $127.05 and its 200 day simple moving average is $114.69. The firm has a market capitalization of $76.40 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.03 and a beta of 0.32.

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

EOG Resources Announces Dividend

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

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.