Corient Private Wealth LLC Lowers Holdings in EOG Resources, Inc. $EOG

Key Points

• Corient Private Wealth LLC cut its EOG Resources stake by 11.6% in the fourth quarter, selling 44,382 shares and leaving it with 337,549 shares valued at about $35.5 million.
• EOG Resources saw mixed insider and analyst activity: COO Jeffrey R. Leitzell sold 5,698 shares, while analysts’ ratings ranged from Strong Buy to Hold, with a consensus price target of $156.32.
• The company reported solid quarterly results, beating EPS and revenue estimates, and it also declared a quarterly dividend of $1.02 per share, implying a 3.1% yield.

Corient Private Wealth LLC lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 337,549 shares of the energy exploration company's stock after selling 44,382 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of EOG Resources worth $35,471,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EOG. Bollard Group LLC raised its position in EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company's stock valued at $1,317,000 after purchasing an additional 93 shares in the last quarter. RKL Wealth Management LLC increased its stake in shares of EOG Resources by 0.5% during the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company's stock valued at $2,381,000 after buying an additional 98 shares during the period. CoreFirst Bank & Trust raised its holdings in shares of EOG Resources by 18.5% in the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company's stock valued at $72,000 after acquiring an additional 100 shares in the last quarter. Ethos Financial Group LLC raised its holdings in shares of EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company's stock valued at $439,000 after acquiring an additional 100 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its stake in EOG Resources by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company's stock worth $2,393,000 after acquiring an additional 102 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the 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 completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Raymond James Financial increased their target price on shares of EOG Resources from $157.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Friday, March 27th. Susquehanna boosted their price target on shares of EOG Resources from $144.00 to $162.00 and gave the company a "positive" rating in a report on Tuesday, April 21st. Roth Mkm reaffirmed a "neutral" rating and issued a $136.00 price target on shares of EOG Resources in a research report on Wednesday, May 6th. Zacks Research downgraded shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and a consensus price target of $156.32.

EOG Resources Trading Up 0.1%

NYSE EOG opened at $130.05 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. The company has a 50 day moving average price of $135.96 and a 200 day moving average price of $124.86. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating 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%. EOG Resources's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.87 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. 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 3.1%. EOG Resources's dividend payout ratio is presently 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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.