EOG Resources, Inc. $EOG Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 50.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,554 shares of the energy exploration company’s stock after selling 5,650 shares during the period. Belpointe Asset Management LLC’s holdings in EOG Resources were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of EOG. Caitong International Asset Management Co. Ltd lifted its position in EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. JCIC Asset Management Inc. acquired a new position in EOG Resources during the 3rd quarter worth approximately $32,000. Keener Financial Planning LLC purchased a new position in shares of EOG Resources during the 2nd quarter worth approximately $35,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $35,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after buying an additional 178 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EOG shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a report on Wednesday, December 3rd. Jefferies Financial Group set a $140.00 target price on shares of EOG Resources in a research report on Wednesday, January 14th. Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Friday, January 23rd. Mizuho set a $134.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Siebert Williams Shank lowered their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $134.07.

EOG Resources Stock Up 0.0%

Shares of NYSE EOG opened at $112.13 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $135.87. The company has a market capitalization of $60.84 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 9.68 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm’s 50-day moving average is $106.92 and its two-hundred day moving average is $111.80.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company posted $2.89 EPS. The company’s revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company 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.