Cresset Asset Management LLC Sells 33,190 Shares of EOG Resources, Inc. (NYSE:EOG)

Cresset Asset Management LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,028 shares of the energy exploration company's stock after selling 33,190 shares during the period. Cresset Asset Management LLC's holdings in EOG Resources were worth $13,119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Essex Financial Services Inc. boosted its position in EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after acquiring an additional 79 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of EOG Resources by 2.6% during the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after purchasing an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after purchasing an additional 80 shares in the last quarter. 1ST Source Bank raised its holdings in EOG Resources by 1.5% in the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after purchasing an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its position in EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EOG. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James restated a "strong-buy" rating and issued a $140.00 price target on shares of EOG Resources in a research note on Monday, April 21st. Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Finally, UBS Group dropped their price target on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $140.95.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction 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 insiders.

EOG Resources Stock Performance

EOG opened at $108.86 on Wednesday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a market cap of $60.04 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 3.58 and a beta of 0.78. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $117.49 and its 200 day moving average is $124.85.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 EPS. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.58%. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.