GPS Wealth Strategies Group LLC Sells 981 Shares of EOG Resources, Inc. (NYSE:EOG)

GPS Wealth Strategies Group LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 40.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,460 shares of the energy exploration company’s stock after selling 981 shares during the period. GPS Wealth Strategies Group LLC’s holdings in EOG Resources were worth $179,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new stake in EOG Resources during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the fourth quarter valued at about $27,000. Eastern Bank bought a new position in shares of EOG Resources in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new position in EOG Resources during the third quarter valued at approximately $31,000. Finally, HM Payson & Co. increased its holdings in EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $126.41 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $128.37 and a 200-day moving average price of $127.33. The company has a market cap of $71.10 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the business posted $3.44 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.46 EPS for the current year.

EOG Resources declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.975 per share. The ex-dividend date was Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.09%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

Analyst Ratings Changes

A number of research analysts have recently commented on EOG shares. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Mizuho dropped their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Citigroup upped their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $143.90.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.