US Bancorp DE Has $22.40 Million Stake in EOG Resources, Inc. $EOG

US Bancorp DE lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,820 shares of the energy exploration company’s stock after selling 14,696 shares during the quarter. US Bancorp DE’s holdings in EOG Resources were worth $22,404,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JCIC Asset Management Inc. bought a new stake in EOG Resources during the 3rd quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EOG Resources in the second quarter valued at approximately $35,000. Salomon & Ludwin LLC increased its position 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 worth $36,000 after acquiring an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of EOG Resources during the third quarter worth $37,000. Finally, Quent Capital LLC bought a new stake in EOG Resources in the 3rd quarter valued at $37,000. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on EOG shares. Zacks Research downgraded EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Capital One Financial decreased their price objective on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Morgan Stanley set a $128.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Stephens upped their price target on EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $134.59.

Get Our Latest Stock Analysis on EOG Resources

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

EOG Resources Stock Up 2.4%

EOG stock opened at $124.07 on Friday. The company has a market cap of $66.56 billion, a price-to-earnings ratio of 13.62 and a beta of 0.49. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $130.52. The business has a 50 day moving average price of $111.21 and a two-hundred day moving average price of $111.79. The company has a quick ratio of 1.43, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS 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%.The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.74 EPS. Analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.3%. EOG Resources’s payout ratio is currently 44.79%.

About EOG Resources

(Free Report)

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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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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