Oppenheimer Asset Management Inc. Has $3.96 Million Stock Position in EOG Resources, Inc. $EOG

Key Points

• Oppenheimer Asset Management cut its stake in EOG by 56.3% in Q4, selling 48,434 shares and finishing the quarter with 37,659 shares valued at $3.955 million.
• Sell‑side coverage is mixed but constructive: the consensus rating is a Moderate Buy with an average target of $153.68, as several firms raised price targets (Capital One to $161) while analysts remain split between Strong Buy/Buy/Hold.
• Insiders have sold 18,230 shares worth $2.52 million in the past 90 days (including the COO and CFO), while EOG pays a $1.02 quarterly dividend (≈2.9% yield) and trades at a P/E of 15.27 with a $74.5 billion market cap.

Oppenheimer Asset Management Inc. lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 56.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,659 shares of the energy exploration company's stock after selling 48,434 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in EOG Resources were worth $3,955,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Hemington Wealth Management grew its stake in shares of EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company's stock valued at $155,000 after buying an additional 93 shares in the last quarter. Bollard Group LLC grew its position in EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company's stock worth $1,317,000 after acquiring an additional 93 shares in the last quarter. Hardy Reed LLC lifted its stake in shares of EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company's stock valued at $254,000 after purchasing an additional 97 shares during the last quarter. RKL Wealth Management LLC lifted its position in shares of EOG Resources by 0.5% in the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company's stock worth $2,381,000 after buying an additional 98 shares during the last quarter. Finally, CoreFirst Bank & Trust raised its stake in shares of EOG Resources by 18.5% in the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company's stock valued at $72,000 after acquiring an additional 100 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on EOG. The Goldman Sachs Group upped their target price on EOG Resources from $133.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 21st. Roth Mkm upped their price objective 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. Zacks Research upgraded shares of EOG Resources from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 28th. Truist Financial initiated coverage on shares of EOG Resources in a report on Tuesday, March 24th. They issued a "hold" rating and a $146.00 target price on the stock. Finally, Capital One Financial upped their price target on shares of EOG Resources from $130.00 to $161.00 and gave the company an "overweight" rating in a report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $153.68.

EOG Resources Stock Up 0.1%

EOG opened at $139.09 on Monday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $74.51 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.73 and a beta of 0.27. The business has a 50 day moving average of $134.92 and a 200-day moving average of $117.72.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion for 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%. EOG Resources's revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 earnings per share. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 14.75 earnings per share for the current year.

EOG Resources Dividend Announcement

The business 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. The ex-dividend date was Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources's payout ratio is presently 44.79%.

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 completion of the transaction, the chief operating officer owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the chief financial officer owned 100,246 shares of the company's stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,230 shares of company stock worth $2,522,568. Insiders own 0.14% of the company's stock.

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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