Vest Financial LLC Decreases Holdings in EOG Resources, Inc. $EOG

Key Points

• Vest Financial LLC cut its stake in EOG by 96.7% in Q4, selling 83,018 shares and leaving 2,870 shares valued at about $301,000.
• EOG beat quarterly estimates (EPS $2.27 vs. $2.20; revenue $5.64B vs. $5.36B) and pays a quarterly dividend of $1.02 (annualized $4.08, yield ~2.9%).
• The stock carries a consensus rating of Moderate Buy with an average target of $153.68, while insiders sold roughly 18,230 shares last quarter and now own about 0.14% of the company.

Vest Financial LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 96.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870 shares of the energy exploration company's stock after selling 83,018 shares during the quarter. Vest Financial LLC's holdings in EOG Resources were worth $301,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EOG. JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources during the 3rd quarter worth approximately $32,000. Olistico Wealth LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $33,000. Physician Wealth Advisors Inc. boosted its stake in shares of EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company's stock worth $35,000 after acquiring an additional 170 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in shares of EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after acquiring an additional 178 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of EOG Resources during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

EOG stock opened at $140.80 on Friday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year 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 stock's 50 day moving average price is $134.92 and its 200 day moving average price is $117.61. The firm has a market cap of $75.43 billion, a P/E ratio of 15.45, a PEG ratio of 1.80 and a beta of 0.32.

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 for the quarter, beating the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate 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 was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 EPS. On average, sell-side analysts expect that EOG Resources, Inc. will post 14.23 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Analyst Ratings Changes

EOG has been the topic of several research analyst reports. Mizuho boosted their price target on EOG Resources from $146.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. Scotiabank upped their target price on EOG Resources from $123.00 to $139.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 22nd. BMO Capital Markets upped their target price on EOG Resources from $140.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, April 1st. KeyCorp lowered EOG Resources from an "overweight" rating to a "sector weight" rating in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. upped their target price on EOG Resources from $115.00 to $125.00 and gave the company a "neutral" rating in a research note on Thursday, February 26th. Two research 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 company's stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and an average target price of $153.68.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business's stock in a transaction on 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 directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business's stock in a transaction on Tuesday, March 31st. The shares were 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 over the last quarter. 0.14% of the stock is currently owned by insiders.

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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