D.A. Davidson & CO. Trims Holdings in EOG Resources, Inc. $EOG

Key Points

• D.A. Davidson & Co. trimmed its stake in EOG Resources by 5.2% in Q4, selling 11,467 shares and finishing the quarter with 207,555 shares worth about $21.8 million.
• Wall Street's consensus rating for EOG is Hold with a $153.68 average price target, though some analysts raised targets (RBC to $175, Susquehanna to $162) while others cut theirs (Citigroup to $142).
• EOG beat quarterly estimates with $2.27 EPS (vs. $2.20) and $5.64B revenue, and announced a $1.02 quarterly dividend (3.1% yield) payable April 30.

D.A. Davidson & CO. decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,555 shares of the energy exploration company's stock after selling 11,467 shares during the quarter. D.A. Davidson & CO.'s holdings in EOG Resources were worth $21,795,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. JCIC Asset Management Inc. purchased a new position in EOG Resources during the 3rd quarter worth $32,000. Olistico Wealth LLC purchased a new position in EOG Resources during the 4th quarter worth $33,000. Physician Wealth Advisors Inc. raised its position in EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company's stock worth $35,000 after buying an additional 170 shares during the last quarter. Salomon & Ludwin LLC raised its position in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after buying an additional 178 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new position in EOG Resources during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 8th. Susquehanna upped their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the stock a "positive" rating in a research report on Tuesday, April 21st. Citigroup cut their price objective on shares of EOG Resources from $150.00 to $142.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Mizuho upped their price objective on shares of EOG Resources from $146.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of EOG Resources in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $153.68.

EOG Resources Price Performance

Shares of NYSE EOG opened at $133.09 on Monday. The stock has a market cap of $71.30 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.65 and a beta of 0.32. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company's 50-day moving average price is $133.68 and its 200 day moving average price is $116.95. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm's revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $2.74 EPS. As a group, research analysts forecast that EOG Resources, Inc. will post 13.45 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources's dividend payout ratio is presently 44.79%.

Insider Transactions at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 18,230 shares of company stock worth $2,522,568. 0.14% of the stock is owned by corporate insiders.

About EOG Resources

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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