Wilmington Savings Fund Society FSB Decreases Stake in EOG Resources, Inc. $EOG

Wilmington Savings Fund Society FSB cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 16.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,135 shares of the energy exploration company’s stock after selling 11,256 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in EOG Resources were worth $6,294,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EOG. First Trust Advisors LP lifted its stake in EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after purchasing an additional 1,456,928 shares in the last quarter. Prudential Financial Inc. grew its position in shares of EOG Resources by 282.3% in the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after purchasing an additional 1,141,680 shares in the last quarter. Capital World Investors increased its holdings in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in EOG Resources during the third quarter worth approximately $87,193,000. Finally, TD Asset Management Inc lifted its position in EOG Resources by 288.1% during the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after buying an additional 662,539 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $135.86 on Wednesday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $136.86. The stock has a market cap of $72.89 billion, a PE ratio of 14.91 and a beta of 0.44. The firm has a 50-day simple moving average of $117.59 and a two-hundred day simple moving average of $112.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the business posted $2.74 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Insiders Place Their Bets

In other news, CFO Ann D. Janssen sold 2,597 shares of EOG Resources stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $134.31, for a total value of $348,803.07. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $13,464,040.26. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,371 shares of company stock valued at $1,294,698 over the last ninety days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Wolfe Research lifted their price target on EOG Resources from $140.00 to $152.00 in a report on Monday, March 9th. Roth Mkm reissued a “neutral” rating and set a $110.00 price target on shares of EOG Resources in a research report on Wednesday, February 25th. JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Finally, Citigroup reaffirmed a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $138.23.

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.