J.P. Marvel Investment Advisors LLC Trims Position in EOG Resources, Inc. $EOG

Key Points

• J.P. Marvel trimmed its EOG stake by 32.6% in the 4th quarter, selling 22,842 shares and leaving it with 47,161 shares valued at about $4.95 million.
• Insiders have been selling: COO Jeffrey Leitzell and CFO Ann Janssen recently sold shares (total insider sales of 18,230 shares worth $2.52 million in the last 90 days), and corporate insiders now own 0.14% of the stock.
• Company results & payout: EOG beat quarterly estimates (EPS $2.27 vs. $2.20; revenue $5.64B vs. $5.36B), declared a $1.02 quarterly dividend (3.1% yield), and carries a consensus analyst target of $153.68 with an overall "Hold" rating.

J.P. Marvel Investment Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 32.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,161 shares of the energy exploration company's stock after selling 22,842 shares during the period. J.P. Marvel Investment Advisors LLC's holdings in EOG Resources were worth $4,952,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock worth $6,156,495,000 after buying an additional 782,426 shares during the period. Capital Research Global Investors increased its stake in EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company's stock worth $2,794,784,000 after buying an additional 122,486 shares during the period. Northern Trust Corp increased its stake in EOG Resources by 0.8% in the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company's stock worth $669,911,000 after buying an additional 49,987 shares during the period. Dimensional Fund Advisors LP increased its stake in EOG Resources by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company's stock worth $669,727,000 after buying an additional 344,291 shares during the period. Finally, Franklin Resources Inc. increased its stake in EOG Resources by 11.8% in the 3rd quarter. Franklin Resources Inc. now owns 5,186,343 shares of the energy exploration company's stock worth $581,493,000 after buying an additional 548,334 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity

In other news, 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 transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 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. This trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, 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 Stock Performance

EOG stock opened at $133.09 on Friday. The firm has a market cap of $71.30 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.67 and a beta of 0.32. The firm has a 50-day simple moving average of $133.68 and a two-hundred day simple moving average of $116.86. EOG Resources, Inc. has a one year low of $101.59 and a one 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.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources's dividend payout ratio is 44.79%.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. KeyCorp cut shares of EOG Resources from an "overweight" rating to a "sector weight" rating in a report on Friday, January 16th. BMO Capital Markets increased their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, April 1st. Roth Mkm increased their target price on shares of EOG Resources from $110.00 to $134.00 and gave the stock a "neutral" rating in a report on Wednesday, April 15th. UBS Group increased their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company increased their target price on shares of EOG Resources from $155.00 to $199.00 and gave the stock an "overweight" rating in a report on Wednesday, April 8th. One 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus 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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