EOG Resources, Inc. (NYSE:EOG) Shares Sold by IAG Wealth Partners LLC

IAG Wealth Partners LLC lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 98.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 254 shares of the energy exploration company’s stock after selling 20,496 shares during the period. IAG Wealth Partners LLC’s holdings in EOG Resources were worth $31,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EOG. Erste Asset Management GmbH purchased a new position in EOG Resources in the fourth quarter worth approximately $990,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of EOG Resources by 73.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 151,669 shares of the energy exploration company’s stock worth $18,592,000 after acquiring an additional 64,201 shares in the last quarter. Essential Planning LLC. purchased a new stake in EOG Resources during the fourth quarter worth approximately $1,660,000. Wealthfront Advisers LLC increased its stake in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the last quarter. Finally, Cooke & Bieler LP raised its holdings in EOG Resources by 1.7% during the fourth quarter. Cooke & Bieler LP now owns 625,679 shares of the energy exploration company’s stock worth $76,696,000 after purchasing an additional 10,256 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $121.01 on Friday. The business has a fifty day simple moving average of $129.60 and a 200-day simple moving average of $127.66. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The company has a market cap of $67.03 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.22%. EOG Resources’s dividend payout ratio is currently 34.73%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Mizuho dropped their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Williams Trading set a $154.00 price objective on EOG Resources in a research note on Wednesday, March 5th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. UBS Group decreased their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company lowered their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $145.86.

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.