Twelve Points Wealth Management LLC Sells 11,609 Shares of EOG Resources, Inc. $EOG

Key Points

• Twelve Points Wealth Management cut its stake in EOG Resources by 40.3%, selling 11,609 shares and leaving it with 17,198 shares valued at about $1.804 million.
• EOG Resources beat quarterly expectations with $2.27 EPS (vs. $2.20 est.) and $5.64 billion revenue, and declared a $1.02 quarterly dividend (annualized $4.08, ~3.0% yield; ex-dividend April 16).
• Company insiders sold 18,230 shares in the last quarter (about $2.52 million), institutional investors own 89.91% of the stock, and analysts maintain a consensus "Hold" with a $148.11 target price.

Twelve Points Wealth Management LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 40.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,198 shares of the energy exploration company's stock after selling 11,609 shares during the period. Twelve Points Wealth Management LLC's holdings in EOG Resources were worth $1,804,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. JCIC Asset Management Inc. acquired a new position in shares of EOG Resources during the 3rd quarter valued at $32,000. Olistico Wealth LLC bought a new stake in EOG Resources in the fourth quarter valued at $33,000. Salomon & Ludwin LLC raised its holdings in shares of 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 purchasing an additional 178 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources during the 3rd quarter worth about $37,000. Finally, Quent Capital LLC bought a new position in shares of EOG Resources during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Down 0.2%

Shares of EOG Resources stock opened at $136.26 on Friday. 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, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company's 50 day moving average price is $130.01 and its 200-day moving average price is $115.52. The stock has a market capitalization of $73.00 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.85 and a beta of 0.32.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion during the quarter, compared to analysts' expectations of $5.36 billion. During the same quarter in the prior year, the company posted $2.74 EPS. The firm's revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, April 16th. EOG Resources's payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on EOG Resources from $140.00 to $146.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Zacks Research upgraded EOG Resources from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Thursday, February 26th. Wolfe Research increased their price target on shares of EOG Resources from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Monday, April 6th. Finally, Capital One Financial lifted their price objective on shares of EOG Resources from $130.00 to $161.00 and gave the stock an "overweight" rating in a report on Thursday, March 26th. 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $148.11.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm's stock in a transaction on 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 sale, the chief operating officer owned 88,045 shares of the company's stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were 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 directly 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 SEC filing for this sale provides additional information. In the last quarter, insiders 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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