180 Wealth Advisors LLC Decreases Holdings in EOG Resources, Inc. (NYSE:EOG)

180 Wealth Advisors LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 11.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,840 shares of the energy exploration company’s stock after selling 605 shares during the quarter. 180 Wealth Advisors LLC’s holdings in EOG Resources were worth $619,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after buying an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after buying an additional 1,029,727 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares in the last quarter. Pacer Advisors Inc. grew its holdings in EOG Resources by 12.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock valued at $370,717,000 after buying an additional 340,902 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in EOG Resources by 54.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 944,212 shares of the energy exploration company’s stock valued at $114,202,000 after buying an additional 333,901 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EOG. KeyCorp began coverage on EOG Resources in a report on Thursday. They set an “overweight” rating and a $157.00 target price for the company. Piper Sandler lifted their price target on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Citigroup lifted their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Barclays started coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target for the company. Finally, Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $143.19.

Insider Activity

In other news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. Company insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.0 %

EOG stock traded up $0.02 during midday trading on Thursday, hitting $124.60. The company had a trading volume of 1,726,714 shares, compared to its average volume of 3,280,866. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $107.99 and a 52 week high of $139.67. The stock’s 50 day moving average price is $126.56 and its 200 day moving average price is $122.32. The stock has a market cap of $71.61 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.74 and a beta of 1.32.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the firm earned $2.69 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that EOG Resources, Inc. will post 12.02 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.92%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.