Conning Inc. Boosts Stock Holdings in EOG Resources, Inc. $EOG

Conning Inc. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 9.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 302,028 shares of the energy exploration company’s stock after acquiring an additional 24,865 shares during the quarter. Conning Inc.’s holdings in EOG Resources were worth $31,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JCIC Asset Management Inc. purchased a new position 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 in the fourth quarter valued at approximately $33,000. Physician Wealth Advisors Inc. grew its holdings in EOG Resources by 103.0% during the fourth 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 during the period. Quent Capital LLC purchased a new position in EOG Resources in the third quarter worth $37,000. Finally, Laurel Wealth Advisors LLC purchased a new position in EOG Resources in the fourth quarter worth $38,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.7%

EOG stock opened at $135.83 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The company’s 50 day simple moving average is $136.54 and its 200-day simple moving average is $119.27. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $72.35 billion, a PE ratio of 13.37, a P/E/G ratio of 1.68 and a beta of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 EPS. Equities analysts expect that EOG Resources, Inc. will post 14.76 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Wall Street Analyst Weigh In

Several brokerages have commented on EOG. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. UBS Group raised their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Stephens dropped their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Raymond James Financial boosted their price target on EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 27th. Finally, Mizuho raised their price objective on EOG Resources from $147.00 to $149.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $154.21.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated 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 approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock worth $2,522,568 over the last 90 days. Company insiders own 0.14% of the company’s stock.

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.