EOG Resources, Inc. $EOG Stock Holdings Lessened by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 12.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,412 shares of the energy exploration company’s stock after selling 5,857 shares during the quarter. Dana Investment Advisors Inc.’s holdings in EOG Resources were worth $4,139,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Rockland Trust Co. increased its stake in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after acquiring an additional 11,965 shares during the period. Legal & General Group Plc increased its stake in EOG Resources by 2.1% in the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after acquiring an additional 68,888 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of EOG Resources by 21.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after purchasing an additional 11,442 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of EOG Resources by 1,413.5% in the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after purchasing an additional 23,846 shares during the last quarter. Finally, L2 Asset Management LLC grew its holdings in shares of EOG Resources by 69.6% in the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after purchasing an additional 7,940 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Sanford C. Bernstein set a $155.00 price objective on shares of EOG Resources and gave the stock a “market perform” rating in a research note on Monday, May 11th. Citigroup lowered their price target on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Wolfe Research raised their price target on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Mizuho raised their price target on shares of EOG Resources from $147.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Scotiabank raised their price target on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $154.21.

Insider Buying and Selling

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

EOG Resources Price Performance

Shares of EOG stock opened at $140.29 on Monday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The stock has a market cap of $74.72 billion, a PE ratio of 13.81 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The firm’s 50 day moving average price is $136.79 and its two-hundred day moving average price is $119.50.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm earned $2.87 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 14.83 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

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.