Danske Bank A S Sells 53,340 Shares of EOG Resources, Inc. $EOG

Danske Bank A S reduced its position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 65.5% in the 4th quarter, HoldingsChannel reports. The firm owned 28,067 shares of the energy exploration company’s stock after selling 53,340 shares during the period. Danske Bank A S’s holdings in EOG Resources were worth $2,947,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new stake in EOG Resources in the 3rd quarter valued at about $32,000. Olistico Wealth LLC acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $33,000. Physician Wealth Advisors Inc. grew its stake in shares of EOG Resources by 103.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after purchasing an additional 170 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of EOG Resources during the third quarter valued at approximately $37,000. Finally, Quent Capital LLC acquired a new stake in shares of EOG Resources in the third quarter valued at approximately $37,000. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Scotiabank upped their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Morgan Stanley lifted their target price on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Citigroup dropped their target price on EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Finally, The Goldman Sachs Group raised their price target on EOG Resources from $133.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.68.

Check Out Our Latest Research Report on EOG Resources

More EOG Resources News

Here are the key news stories impacting EOG Resources this week:

EOG Resources Price Performance

Shares of EOG stock opened at $140.90 on Wednesday. The firm’s 50 day moving average price is $135.28 and its two-hundred day moving average price is $117.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The stock has a market cap of $75.49 billion, a PE ratio of 15.47, a PEG ratio of 1.76 and a beta of 0.27.

EOG Resources (NYSE:EOGGet Free Report) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.87 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 14.75 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 44.79%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock valued at $2,522,568 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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