NorthCrest Asset Manangement LLC Has $1.41 Million Position in EOG Resources, Inc. $EOG

NorthCrest Asset Manangement LLC cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,226 shares of the energy exploration company’s stock after selling 6,324 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in EOG Resources were worth $1,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JCIC Asset Management Inc. acquired a new stake in EOG Resources in the 3rd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of EOG Resources in the second quarter valued at $35,000. Salomon & Ludwin LLC grew its holdings 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 valued at $36,000 after buying an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of EOG Resources during the third quarter valued at about $37,000. Finally, Quent Capital LLC bought a new stake in shares of EOG Resources during the third quarter worth about $37,000. 89.91% of the stock is owned by institutional investors.

Insider Activity

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,532 shares of company stock valued at $1,877,405. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Piper Sandler boosted their price objective on EOG Resources from $127.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. increased their price objective on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Susquehanna dropped their target price on EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a report on Thursday, February 26th. Finally, Wells Fargo & Company lifted their target price on EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.23.

EOG Resources Stock Performance

Shares of EOG opened at $139.52 on Tuesday. The stock has a 50 day moving average of $120.32 and a 200 day moving average of $113.04. The company has a market capitalization of $74.85 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 3.75 and a beta of 0.44. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $141.13. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s payout ratio is 44.79%.

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.