Resona Asset Management Co. Ltd. Decreases Stock Position in EOG Resources, Inc. $EOG

Resona Asset Management Co. Ltd. lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 168,508 shares of the energy exploration company’s stock after selling 11,199 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in EOG Resources were worth $18,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Sivia Capital Partners LLC bought a new position in EOG Resources during the second quarter worth about $258,000. Kathmere Capital Management LLC lifted its stake in shares of EOG Resources by 32.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 6,388 shares of the energy exploration company’s stock valued at $764,000 after buying an additional 1,580 shares in the last quarter. Patton Fund Management Inc. bought a new position in EOG Resources in the 2nd quarter worth approximately $233,000. NovaPoint Capital LLC boosted its holdings in EOG Resources by 8.8% in the 2nd quarter. NovaPoint Capital LLC now owns 25,636 shares of the energy exploration company’s stock worth $3,066,000 after buying an additional 2,070 shares during the period. Finally, ORG Partners LLC grew its stake in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EOG shares. Piper Sandler dropped their target price on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Morgan Stanley set a $128.00 price objective on EOG Resources and gave the company an “equal weight” rating in a research note on Friday. Mizuho set a $134.00 price objective on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Finally, Wolfe Research decreased their price target on EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $134.67.

EOG Resources Price Performance

Shares of NYSE EOG opened at $108.26 on Friday. The stock’s 50-day simple moving average is $106.68 and its two-hundred day simple moving average is $112.15. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.87. The firm has a market capitalization of $58.74 billion, a P/E ratio of 10.78, a P/E/G ratio of 9.00 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company posted $2.89 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s payout ratio is presently 40.64%.

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.