Sprinkle Financial Consultants LLC Reduces Holdings in EOG Resources, Inc. $EOG

Sprinkle Financial Consultants LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 38.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,541 shares of the energy exploration company’s stock after selling 5,250 shares during the quarter. Sprinkle Financial Consultants LLC’s holdings in EOG Resources were worth $1,235,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EOG. Legal & General Group Plc boosted its position in EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after acquiring an additional 7,877 shares in the last quarter. L2 Asset Management LLC raised its holdings in 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 valued at $2,170,000 after acquiring an additional 7,940 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in EOG Resources by 2.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after acquiring an additional 24,984 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in EOG Resources by 11.8% in the 3rd quarter. Franklin Resources Inc. now owns 5,186,343 shares of the energy exploration company’s stock valued at $581,493,000 after acquiring an additional 548,334 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EOG. Stephens dropped their price target on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Williams Trading set a $177.00 price objective on EOG Resources in a research report on Monday, April 20th. Roth Mkm reiterated a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research report on Wednesday, May 6th. Wolfe Research boosted their price objective on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Finally, Sanford C. Bernstein dropped their target price on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Stock Performance

NYSE:EOG opened at $130.05 on Monday. 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 firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 12.80 and a beta of 0.25. The company’s 50-day moving average is $135.96 and its two-hundred day moving average is $124.86. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.87 EPS. Analysts forecast that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

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.