Galvin Gaustad & Stein LLC Trims Stock Position in EOG Resources, Inc. $EOG

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in EOG by 13.2% in Q4, selling 19,148 shares and now holding 125,629 shares valued at about $13.19 million.
• Company insiders have been net sellers recently — COO Jeffrey R. Leitzell and CFO Ann D. Janssen sold 5,698 and 4,161 shares respectively, with insiders offloading a total of 18,230 shares (~$2.52M) over the last three months.
• EOG beat Q4 EPS estimates ($2.27 vs. $2.20), declared a quarterly dividend of $1.02 (3.0% yield), and carries an analyst consensus of Hold with an average target price of $150.52.

Galvin Gaustad & Stein LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,629 shares of the energy exploration company's stock after selling 19,148 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in EOG Resources were worth $13,192,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JCIC Asset Management Inc. purchased a new position in EOG Resources during the 3rd quarter valued at $32,000. Olistico Wealth LLC purchased a new position in EOG Resources during the 4th quarter valued at $33,000. Salomon & Ludwin LLC increased 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 valued at $36,000 after purchasing an additional 178 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in EOG Resources during the 3rd quarter valued at $37,000. Finally, Quent Capital LLC purchased a new position in EOG Resources during the 3rd quarter valued at $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the 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 sale, the chief operating officer directly owned 88,045 shares of the company's stock, 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 can be accessed through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 over the last three months. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EOG shares. Jefferies Financial Group boosted their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the company a "buy" rating in a research report on Monday. The Goldman Sachs Group reduced their price objective on shares of EOG Resources from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Thursday, January 22nd. Sanford C. Bernstein boosted their price objective on shares of EOG Resources from $126.00 to $167.00 and gave the company a "market perform" rating in a research report on Monday. Susquehanna reduced their target price on shares of EOG Resources from $151.00 to $144.00 and set a "positive" rating on the stock in a research report on Thursday, February 26th. Finally, Wolfe Research upped their target price on shares of EOG Resources from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $150.52.

EOG Resources Stock Up 0.5%

NYSE:EOG opened at $136.83 on Tuesday. The firm's 50-day moving average price is $130.57 and its 200-day moving average price is $115.65. The company has a market capitalization of $73.30 billion, a PE ratio of 15.02, a P/E/G ratio of 2.84 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year 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. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company's revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.74 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources's dividend payout ratio is 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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