Pittenger & Anderson Inc. lessened its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 96.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,913 shares of the energy exploration company's stock after selling 58,971 shares during the quarter. Pittenger & Anderson Inc.'s holdings in EOG Resources were worth $201,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EOG. JCIC Asset Management Inc. purchased a new stake in EOG Resources during the third quarter valued at $32,000. Olistico Wealth LLC purchased a new stake in EOG Resources during the fourth quarter valued at $33,000. Physician Wealth Advisors Inc. increased its position in EOG Resources by 103.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company's stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Salomon & Ludwin LLC increased its position in EOG Resources by 122.8% during 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. Finally, Quent Capital LLC purchased a new stake in EOG Resources during the third quarter valued at $37,000. Hedge funds and other institutional investors own 89.91% of the company's stock.
Wall Street Analysts Forecast Growth
EOG has been the subject of a number of research reports. BMO Capital Markets upped their price objective on EOG Resources from $140.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, April 1st. UBS Group boosted their price target on EOG Resources from $141.00 to $149.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Sanford C. Bernstein boosted their price target on EOG Resources from $126.00 to $167.00 and gave the company a "market perform" rating in a report on Monday, April 13th. Stephens boosted their price target on EOG Resources from $139.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, March 31st. Finally, Mizuho boosted their price target on EOG Resources from $146.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $153.68.
Read Our Latest Stock Analysis on EOG Resources
EOG Resources Stock Performance
NYSE:EOG opened at $139.09 on Monday. The stock has a 50-day simple moving average of $134.92 and a two-hundred day simple moving average of $117.72. 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 $74.51 billion, a PE ratio of 15.27, a P/E/G ratio of 1.73 and a beta of 0.27.
EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business 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 company posted $2.74 earnings per share. EOG Resources's revenue for the quarter was up .9% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 14.75 EPS for the current year.
EOG Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources's dividend payout ratio is 44.79%.
Insider Transactions at EOG Resources
In other news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company's stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company's stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 18,230 shares of company stock valued at $2,522,568. Corporate insiders own 0.14% of the company's stock.
About EOG Resources
(
Free Report)
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.
Further Reading
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