Fidelis Capital Partners LLC Decreases Position in EOG Resources, Inc. $EOG

Fidelis Capital Partners LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 72.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,041 shares of the energy exploration company’s stock after selling 5,488 shares during the period. Fidelis Capital Partners LLC’s holdings in EOG Resources were worth $214,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rockland Trust Co. grew its stake in EOG Resources by 5.1% in the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after buying an additional 11,965 shares in the last quarter. Legal & General Group Plc grew its stake in EOG Resources by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after buying an additional 68,888 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in EOG Resources by 21.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after buying an additional 11,442 shares in the last quarter. AlphaQuest LLC grew its stake in EOG Resources by 1,413.5% in the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after buying an additional 23,846 shares in the last quarter. Finally, L2 Asset Management LLC grew its stake in EOG Resources by 69.6% in the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after buying an additional 7,940 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources 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 completion of the sale, the chief financial officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’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 completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,230 shares of company stock valued at $2,272,568. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EOG. Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Truist Financial lifted their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Williams Trading set a $177.00 price objective on shares of EOG Resources in a research note on Monday, April 20th. Finally, DA Davidson raised their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.39.

EOG Resources Stock Performance

Shares of EOG opened at $133.55 on Friday. The company has a market cap of $71.13 billion, a PE ratio of 13.14 and a beta of 0.27. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $138.01 and a 200-day moving average price of $121.76. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $2.87 EPS. As a group, equities analysts forecast that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th 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 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

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.