EOG Resources, Inc. $EOG Stock Position Lessened by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers LLC cut its EOG stake by 19.9%, selling 11,773 shares and leaving 47,254 shares valued at about $4.96 million, while institutional investors own roughly 89.9% of the company.
• Earnings beat: EOG reported $2.27 EPS vs. $2.20 expected and $5.64 billion in revenue vs. $5.36 billion expected, and recently paid a $1.02 quarterly dividend (annualized $4.08, ~2.9% yield).
• Insider selling totaled 18,230 shares (~$2.52M) last quarter (including sales by the COO and CFO), even as analysts maintain a "Moderate Buy" consensus with a $153.68 average target and several firms raising targets up to $170.

Wealthfront Advisers LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,254 shares of the energy exploration company's stock after selling 11,773 shares during the quarter. Wealthfront Advisers LLC's holdings in EOG Resources were worth $4,962,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sivia Capital Partners LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $258,000. Quantbot Technologies LP bought a new position in shares of EOG Resources in the second quarter valued at approximately $349,000. Gamco Investors INC. ET AL boosted its holdings in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock valued at $785,000 after acquiring an additional 4,485 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock valued at $2,725,000 after acquiring an additional 444 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock valued at $43,356,000 after acquiring an additional 15,250 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Trading Up 1.2%

Shares of NYSE:EOG opened at $140.80 on Friday. The stock has a market capitalization of $75.43 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.80 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 company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a 50 day moving average price of $134.92 and a 200 day moving average price of $117.61.

EOG Resources (NYSE:EOG - Get Free Report) last issued 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 net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion during the quarter, compared to analysts' expectations of $5.36 billion. During the same period last year, the firm posted $2.74 earnings per share. The firm's revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts anticipate that EOG Resources, Inc. will post 14.23 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Insiders Place Their Bets

In related 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 value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were 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 owned 100,246 shares of the company's stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on EOG. JPMorgan Chase & Co. increased their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Thursday, February 26th. Wolfe Research raised their target price on EOG Resources from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Monday, April 6th. Weiss Ratings raised EOG Resources from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. Sanford C. Bernstein raised their target price on EOG Resources from $126.00 to $167.00 and gave the company a "market perform" rating in a research note on Monday, April 13th. Finally, Stephens raised their target price on EOG Resources from $139.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.68.

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.

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