EOG Resources, Inc. $EOG Shares Sold by US Bancorp DE

Key Points

• Institutional moves: US Bancorp DE cut its stake in EOG by 15.7% in Q4, selling 31,426 shares and leaving 168,394 shares worth $17.68M, while other large institutions added to positions and overall institutional ownership stands at 89.91%.
• Insider selling: COO Jeffrey Leitzell and CFO Ann Janssen recently sold shares (5,698 and 4,161 shares respectively), with insiders offloading a total of 18,230 shares worth about $2.52M last quarter and owning just 0.14% of the company.
• Valuation and analyst view: EOG has a market cap of $74.51B, a P/E of 15.27, pays a $1.02 quarterly dividend (≈2.9% yield), and carries a consensus rating of Moderate Buy with an average target of $153.68.

US Bancorp DE cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,394 shares of the energy exploration company's stock after selling 31,426 shares during the period. US Bancorp DE's holdings in EOG Resources were worth $17,683,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital World Investors lifted its position in EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the period. Qube Research & Technologies Ltd acquired a new stake in EOG Resources in the third quarter worth approximately $87,193,000. TD Asset Management Inc lifted its position in EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company's stock worth $100,065,000 after purchasing an additional 662,539 shares during the period. Assenagon Asset Management S.A. lifted its position in EOG Resources by 140.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company's stock worth $115,826,000 after purchasing an additional 644,569 shares during the period. Finally, SG Americas Securities LLC lifted its position in EOG Resources by 1,697.1% in the fourth quarter. SG Americas Securities LLC now owns 600,024 shares of the energy exploration company's stock worth $63,009,000 after purchasing an additional 566,635 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were 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 in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,230 shares of company stock worth $2,522,568. Corporate insiders own 0.14% of the company's stock.

EOG Resources Price Performance

NYSE EOG opened at $139.09 on Friday. The stock has a market capitalization of $74.51 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.76 and a beta of 0.32. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The business's fifty day moving average is $134.92 and its two-hundred day moving average is $117.61. 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 (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.36 billion. During the same period in the previous year, the company posted $2.74 EPS. The company's quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts forecast that EOG Resources, Inc. will post 14.68 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on EOG. Sanford C. Bernstein upped their target price on EOG Resources from $126.00 to $167.00 and gave the stock a "market perform" rating in a research report on Monday, April 13th. Zacks Research upgraded EOG Resources from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Morgan Stanley upped their target price on EOG Resources from $128.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Piper Sandler upped their target price on EOG Resources from $144.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 1st. Finally, Citigroup cut their target price on EOG Resources from $150.00 to $142.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $153.68.

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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