PFG Advisors Sells 15,634 Shares of EOG Resources, Inc. $EOG

Key Points

• PFG Advisors trimmed its stake in EOG by 78.8%, selling 15,634 shares during the quarter and leaving 4,215 shares valued at $443,000.
• Several brokerages raised price targets (Royal Bank of Canada to $175, Wells Fargo to $199), but the Street consensus remains a Hold with a $153.68 target.
• EOG slightly beat quarterly estimates with $2.27 EPS and $5.64B revenue, declared a $1.02 quarterly dividend (annualized $4.08, 3.1% yield), and insiders have sold roughly 18,230 shares (~$2.52M) in the last 90 days.

PFG Advisors trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 78.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,215 shares of the energy exploration company's stock after selling 15,634 shares during the quarter. PFG Advisors' holdings in EOG Resources were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of brokerages recently commented on EOG. Royal Bank Of Canada raised their target price on EOG Resources from $138.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, April 8th. KeyCorp cut EOG Resources from an "overweight" rating to a "sector weight" rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EOG Resources in a report on Thursday, January 22nd. Wells Fargo & Company raised their target price on EOG Resources from $155.00 to $199.00 and gave the stock an "overweight" rating in a report on Wednesday, April 8th. Finally, Wolfe Research raised their target price on EOG Resources from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Monday, April 6th. One equities research 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 stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Hold" and a consensus target price of $153.68.

EOG Resources Trading Down 0.6%

Shares of EOG stock opened at $133.09 on Friday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week 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 firm has a market capitalization of $71.30 billion, a PE ratio of 14.61, a PEG ratio of 2.67 and a beta of 0.32. The stock has a fifty day simple moving average of $133.68 and a two-hundred day simple moving average of $116.86.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.EOG Resources's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.74 EPS. On average, analysts predict that EOG Resources, Inc. will post 13.45 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the firm's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. The trade was a 6.08% 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 valued at $2,522,568. Company 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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