St. James Investment Company LLC Trims Holdings in EOG Resources, Inc. (NYSE:EOG)

St. James Investment Company LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 162,049 shares of the energy exploration company’s stock after selling 4,656 shares during the period. EOG Resources accounts for 3.4% of St. James Investment Company LLC’s investment portfolio, making the stock its 14th largest position. St. James Investment Company LLC’s holdings in EOG Resources were worth $19,864,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EOG. Financial Life Planners purchased a new position in shares of EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd grew its stake in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the 4th quarter worth $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources in the fourth quarter worth $27,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EOG shares. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Bank of America reiterated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Truist Financial boosted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Citigroup reduced their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Barclays lowered their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.67.

Insider Activity

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 transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $126.55 on Monday. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. 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 stock has a market cap of $70.10 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.58 and a beta of 1.25. The business has a 50-day simple moving average of $128.23 and a two-hundred day simple moving average of $127.78.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate 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 net margin of 29.18% and a return on equity of 23.77%. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.08%. EOG Resources’s dividend payout ratio is presently 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.