EOG Resources, Inc. $EOG Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in EOG Resources, Inc. (NYSE:EOG) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 209,285 shares of the energy exploration company’s stock after selling 13,851 shares during the quarter. Fifth Third Bancorp’s holdings in EOG Resources were worth $21,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new position in EOG Resources in the third quarter valued at $32,000. Olistico Wealth LLC acquired a new position in EOG Resources in the fourth quarter valued at $33,000. Physician Wealth Advisors Inc. increased its stake in EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after purchasing an additional 170 shares during the last quarter. Salomon & Ludwin LLC increased its stake in EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after purchasing an additional 178 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in EOG Resources in the third quarter valued at $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, 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 have sold 18,230 shares of company stock valued at $2,522,568 over the last 90 days. 0.14% of the stock is currently owned by insiders.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $139.09 on Friday. The firm has a market capitalization of $74.51 billion, a PE ratio of 15.27, a P/E/G ratio of 1.76 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The business has a 50-day moving average of $134.92 and a two-hundred day moving average of $117.61. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates 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 was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 earnings per share. As a group, research analysts forecast that EOG Resources, Inc. will post 14.68 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio is currently 44.79%.

Analysts Set New Price Targets

Several equities analysts recently commented on EOG shares. Stephens upped their target price on EOG Resources from $139.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Barclays upped their target price on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Weiss Ratings upgraded EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Capital One Financial upped their target price on EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research note on Thursday, March 26th. Finally, Sanford C. Bernstein upped their target price on EOG Resources from $126.00 to $167.00 and gave the company a “market perform” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $153.68.

EOG Resources 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.