Moran Wealth Management LLC Sells 2,545 Shares of EOG Resources, Inc. (NYSE:EOG)

Moran Wealth Management LLC reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,317 shares of the energy exploration company’s stock after selling 2,545 shares during the quarter. EOG Resources accounts for about 1.1% of Moran Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Moran Wealth Management LLC owned 0.05% of EOG Resources worth $34,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Inv LLC grew its holdings in shares of EOG Resources by 0.8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after buying an additional 75 shares during the last quarter. Essex Financial Services Inc. lifted its position in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after acquiring an additional 79 shares in the last quarter. Valmark Advisers Inc. boosted its stake in EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after purchasing an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock worth $121,000 after purchasing an additional 80 shares in the last quarter. Finally, Advisor OS LLC raised its stake in shares of EOG Resources by 3.1% in the fourth quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock worth $337,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EOG. Barclays dropped their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley decreased their target price on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $145.80.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

EOG Resources Trading Up 2.6 %

Shares of EOG Resources stock opened at $125.41 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $69.47 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The business has a 50-day moving average price of $129.50 and a 200-day moving average price of $127.74.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.11%. EOG Resources’s dividend payout ratio is currently 34.73%.

EOG Resources Company 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.