Composition Wealth LLC Sells 11,925 Shares of EOG Resources, Inc. $EOG

Key Points

• Composition Wealth LLC sold 11,925 shares of EOG Resources in Q4, cutting its stake by 67.1% to 5,855 shares worth about $615,000 per its latest 13F filing.
• Company insiders also sold shares recently — CFO Ann Janssen and COO Jeffrey Leitzell sold 4,161 and 5,698 shares respectively — with insiders offloading a total of 18,230 shares (~$2.52 million) last quarter; insiders now own about 0.14% of the stock.
• Wall Street sentiment is mixed-to-positive with an average rating of "Moderate Buy" and a consensus price target of $153.68; EOG was trading near $141.70, with a 52-week range of $101.59–$151.87 and a ~2.9% dividend yield.

Composition Wealth LLC cut its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 67.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,855 shares of the energy exploration company's stock after selling 11,925 shares during the period. Composition Wealth LLC's holdings in EOG Resources were worth $615,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EOG. JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources during the 3rd quarter valued at $32,000. Olistico Wealth LLC purchased a new stake in EOG Resources in the 4th quarter worth about $33,000. Salomon & Ludwin LLC increased its holdings in EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in EOG Resources in the 3rd quarter worth about $37,000. Finally, Quent Capital LLC bought a new position in EOG Resources in the 3rd quarter worth about $37,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of several analyst reports. Capital One Financial raised their target price on EOG Resources from $130.00 to $161.00 and gave the stock an "overweight" rating in a research note on Thursday, March 26th. JPMorgan Chase & Co. boosted their target price on EOG Resources from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Thursday, February 26th. Stephens lifted their price target on EOG Resources from $139.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 31st. Roth Mkm lifted their price target on EOG Resources from $110.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 15th. Finally, Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.68.

EOG Resources Stock Up 2.0%

NYSE EOG opened at $141.70 on Tuesday. The stock's 50-day moving average price is $134.92 and its 200-day moving average price is $117.72. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a market capitalization of $75.91 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.27.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter last year, the company earned $2.74 earnings per share. The business's revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources, Inc. will post 14.75 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a dividend of $1.02 per share. The ex-dividend date was Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources's dividend payout ratio (DPR) is currently 44.79%.

Insider Activity

In related news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, 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 the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company's stock, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,230 shares of company stock valued at $2,522,568 in the last quarter. 0.14% 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.

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