EOG Resources, Inc. $EOG Shares Sold by SevenBridge Financial Group LLC

Key Points

• SevenBridge Financial Group LLC cut its stake in EOG Resources by 26% in Q4, selling 9,489 shares and ending the quarter with 27,042 shares valued at about $2.91 million.
• Company insiders have been net sellers—including the CFO and COO—and have sold 18,230 shares (~$2.52 million) over the last 90 days, leaving insiders with just 0.14% ownership while institutions hold roughly 89.9%.
• EOG’s outlook remains moderately positive with a MarketBeat consensus rating of “Moderate Buy” and a $153.68 average price target; the company recently beat Q4 EPS estimates and pays a $1.02 quarterly dividend (≈2.9% yield).

SevenBridge Financial Group LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,042 shares of the energy exploration company's stock after selling 9,489 shares during the quarter. SevenBridge Financial Group LLC's holdings in EOG Resources were worth $2,910,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rockland Trust Co. grew its position in EOG Resources by 5.1% during the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company's stock worth $27,618,000 after purchasing an additional 11,965 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company's stock worth $7,380,000 after acquiring an additional 11,442 shares during the period. Legal & General Group Plc boosted its holdings in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company's stock worth $380,562,000 after purchasing an additional 68,888 shares during the period. AlphaQuest LLC grew its holdings in shares of EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company's stock valued at $2,863,000 after acquiring an additional 23,846 shares in the last quarter. Finally, L2 Asset Management LLC increased its position in EOG Resources by 69.6% in the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company's stock worth $2,170,000 after purchasing an additional 7,940 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of EOG Resources from $128.00 to $155.00 and gave the company an "equal weight" rating in a research note on Tuesday. Piper Sandler increased their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 1st. Roth Mkm boosted their price target on EOG Resources from $110.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 15th. Truist Financial initiated coverage on EOG Resources in a report on Tuesday, March 24th. They set a "hold" rating and a $146.00 price objective on the stock. Finally, Stephens boosted their target price on EOG Resources from $139.00 to $170.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.68.

Insider Buying and Selling

In related news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction on Thursday, March 19th. The stock was 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 in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 18,230 shares of company stock worth $2,522,568. 0.14% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $139.09 on Friday. The firm's 50-day moving average is $134.92 and its 200-day moving average is $117.61. The company has a market cap of $74.51 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.76 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. 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 released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the business earned $2.74 earnings per share. The firm's revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts anticipate that EOG Resources, Inc. will post 14.68 earnings per share for the current year.

EOG Resources Dividend Announcement

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

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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