Commonwealth Equity Services LLC Sells 6,685 Shares of EOG Resources, Inc. (NYSE:EOG)

Commonwealth Equity Services LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,921 shares of the energy exploration company’s stock after selling 6,685 shares during the period. Commonwealth Equity Services LLC’s holdings in EOG Resources were worth $13,229,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EOG. Thrivent Financial for Lutherans lifted its stake in shares of EOG Resources by 3.3% in the third quarter. Thrivent Financial for Lutherans now owns 250,850 shares of the energy exploration company’s stock valued at $30,837,000 after buying an additional 7,902 shares during the period. Quest Partners LLC acquired a new position in EOG Resources in the third quarter worth about $762,000. Pathstone Holdings LLC raised its position in EOG Resources by 3.7% in the third quarter. Pathstone Holdings LLC now owns 71,816 shares of the energy exploration company’s stock worth $8,828,000 after purchasing an additional 2,583 shares in the last quarter. Caprock Group LLC raised its position in EOG Resources by 7.7% in the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 862 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in EOG Resources by 62.2% in the third quarter. Prospera Financial Services Inc now owns 11,313 shares of the energy exploration company’s stock worth $1,391,000 after purchasing an additional 4,338 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EOG. Morgan Stanley dropped their price target on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Truist Financial increased their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Williams Trading set a $154.00 price target on shares of EOG Resources in a research report on Wednesday, March 5th. Mizuho dropped their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Finally, Bank of America reaffirmed a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.33.

EOG Resources Stock Performance

EOG stock opened at $122.57 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a 50 day moving average price of $129.39 and a 200 day moving average price of $127.51. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The stock has a market capitalization of $67.89 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is presently 34.73%.

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.