3Chopt Investment Partners LLC Sells 8,206 Shares of EOG Resources, Inc. $EOG

3Chopt Investment Partners LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 51.5% in the 4th quarter, Holdings Channel reports. The firm owned 7,739 shares of the energy exploration company’s stock after selling 8,206 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in EOG Resources were worth $813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. Capital World Investors lifted its position 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 last quarter. Qube Research & Technologies Ltd purchased a new stake in EOG Resources in the third quarter worth about $87,193,000. Northwestern Mutual Wealth Management Co. lifted its stake in EOG Resources by 2,410.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock worth $75,547,000 after acquiring an additional 690,765 shares during the period. TD Asset Management Inc lifted its stake in EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after acquiring an additional 662,539 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in EOG Resources by 140.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock worth $115,826,000 after acquiring an additional 644,569 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,456 shares of company stock worth $1,788,033. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $136.40 on Tuesday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a market cap of $72.65 billion, a P/E ratio of 13.43 and a beta of 0.27. The firm’s 50-day moving average price is $137.96 and its 200-day moving average price is $122.05.

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

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is 40.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EOG. Citigroup reaffirmed a “neutral” rating and issued a $147.00 price objective (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada upped their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group upped their price objective on shares of EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $156.39.

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.