3Chopt Investment Partners LLC Cuts Stake in EOG Resources, Inc. $EOG

Key Points

• 3Chopt Investment Partners cut its EOG Resources stake by 51.5% in the fourth quarter, leaving it with 7,739 shares valued at about $813,000.
• EOG Resources reported strong quarterly results, with EPS of $3.41 topping estimates and revenue of $6.92 billion, up 22.1% year over year.
• The company announced a quarterly dividend of $1.02 per share to be paid July 31, implying an annualized yield of about 3.0%.

3Chopt Investment Partners LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 51.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund 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 reporting period.

Several other institutional investors also recently bought and sold shares of the company. Olistico Wealth LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $33,000. Physician Wealth Advisors Inc. lifted its stake in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company's stock worth $35,000 after purchasing an additional 170 shares during the period. Laurel Wealth Advisors LLC bought a new position in shares of EOG Resources in the 4th quarter worth approximately $38,000. AXS Investments LLC bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $41,000. Finally, City Holding Co. lifted its stake in shares of EOG Resources by 469.2% in the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company's stock worth $39,000 after purchasing an additional 305 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 2.3%

Shares of EOG opened at $136.40 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a 50 day simple moving average of $137.96 and a two-hundred day simple moving average of $122.05. The firm has a market cap of $72.65 billion, a P/E ratio of 13.43 and a beta of 0.27.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data 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. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the firm posted $2.87 EPS. The company's revenue was up 22.1% on a year-over-year basis. On average, equities analysts expect that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources's dividend payout ratio (DPR) is 40.16%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the stock a "hold" rating in a research note on Friday, May 8th. Morgan Stanley increased their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 21st. Barclays increased their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 26th. Wolfe Research increased their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Monday, April 6th. Finally, UBS Group increased their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $156.39.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company's stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources 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 transaction, the chief operating officer directly owned 88,045 shares of the company's stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 12,456 shares of company stock valued at $1,788,033. 0.14% of the stock is currently owned by 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.

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