Sprinkle Financial Consultants LLC Trims Stake in EOG Resources, Inc. $EOG

Sprinkle Financial Consultants LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 38.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,541 shares of the energy exploration company’s stock after selling 5,250 shares during the quarter. Sprinkle Financial Consultants LLC’s holdings in EOG Resources were worth $1,235,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EOG. Capital World Investors grew its stake in shares of EOG Resources by 1.4% during the 3rd 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. Vanguard Group Inc. lifted its stake in shares of EOG Resources by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the period. State Street Corp lifted its stake in shares of EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after purchasing an additional 100,080 shares during the period. Capital Research Global Investors boosted its holdings in EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after buying an additional 122,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after buying an additional 371,548 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on EOG shares. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Scotiabank increased their target price on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley lifted their price target on EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources Price Performance

Shares of NYSE EOG opened at $130.05 on Monday. The firm has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. The firm has a fifty day moving average of $135.96 and a 200 day moving average of $124.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 earnings per share. As a group, research analysts predict that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

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.