Oppenheimer & Co. Inc. Sells 25,336 Shares of EOG Resources, Inc. $EOG

Key Points

• Oppenheimer & Co. reduced its stake in EOG Resources by 42.8%, selling 25,336 shares and finishing the quarter with 33,877 shares valued at about $3.56 million.
• Company insiders have been net sellers recently—CFO Ann D. Janssen sold 4,161 shares at roughly $140 and COO Jeffrey R. Leitzell sold 5,698 shares at about $150, with insiders offloading 18,230 shares (~$2.52 million) in the last 90 days.
• Analysts are broadly positive with a "Moderate Buy" consensus and an average target of $153.68 after several price-target raises; EOG trades near $139, has a $74.5B market cap, a PE of ~15.3, and pays a $1.02 quarterly dividend (yield ~2.9%).

Oppenheimer & Co. Inc. lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,877 shares of the energy exploration company's stock after selling 25,336 shares during the period. Oppenheimer & Co. Inc.'s holdings in EOG Resources were worth $3,557,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new position in shares of EOG Resources in the third quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $33,000. Salomon & Ludwin LLC raised its stake in shares of EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock valued at $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources in the third quarter valued at approximately $37,000. Finally, Quent Capital LLC bought a new position in shares of EOG Resources in the third quarter valued at approximately $37,000. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The stock was 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 $13,234,924.40. This represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,230 shares of company stock valued at $2,522,568 in the last ninety days. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of EOG Resources from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of EOG Resources from $128.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. The Goldman Sachs Group boosted their price objective on shares of EOG Resources from $133.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 21st. Capital One Financial boosted their price objective on shares of EOG Resources from $130.00 to $161.00 and gave the stock an "overweight" rating in a research report on Thursday, March 26th. Finally, Sanford C. Bernstein boosted their price objective on shares of EOG Resources from $126.00 to $167.00 and gave the stock a "market perform" rating in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and an average target price of $153.68.

EOG Resources Stock Performance

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

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS 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 analyst estimates of $5.36 billion. During the same quarter in the previous year, the business earned $2.74 EPS. The business's quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 14.75 EPS for the current year.

EOG Resources Announces Dividend

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

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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