Signet Financial Management LLC Lowers Position in EOG Resources, Inc. $EOG

Signet Financial Management LLC cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 38.0% during the 4th quarter, HoldingsChannel reports. The firm owned 17,537 shares of the energy exploration company’s stock after selling 10,750 shares during the period. Signet Financial Management LLC’s holdings in EOG Resources were worth $1,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. JCIC Asset Management Inc. bought a new position in EOG Resources during the 3rd quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of EOG Resources in the second quarter worth $35,000. Salomon & Ludwin LLC lifted 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 purchasing an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources during the third quarter valued at $37,000. Finally, Quent Capital LLC purchased a new stake in shares of EOG Resources during the third quarter valued at $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $138.65 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $119.64 and a 200-day moving average price of $112.97. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $140.92. The firm has a market capitalization of $74.39 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The firm 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%.EOG Resources’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $2.74 EPS. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’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 completion of the sale, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ann D. Janssen sold 2,597 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $134.31, for a total value of $348,803.07. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $13,464,040.26. This trade represents a 2.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,371 shares of company stock worth $1,294,698 in the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Roth Mkm restated a “neutral” rating and set a $110.00 target price on shares of EOG Resources in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. JPMorgan Chase & Co. upped 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. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Finally, Stephens raised their price target on EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $138.23.

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.