Strategic Global Advisors LLC Has $1.54 Million Stake in EOG Resources, Inc. $EOG

Strategic Global Advisors LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 61.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,640 shares of the energy exploration company’s stock after selling 23,296 shares during the period. Strategic Global Advisors LLC’s holdings in EOG Resources were worth $1,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc increased its holdings in EOG Resources by 2.1% in the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after purchasing an additional 68,888 shares during the period. Concurrent Investment Advisors LLC grew its holdings in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after acquiring an additional 7,877 shares during the period. L2 Asset Management LLC grew its holdings in EOG Resources by 69.6% during the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after acquiring an additional 7,940 shares during the period. Alberta Investment Management Corp grew its holdings in EOG Resources by 254.5% during the 3rd quarter. Alberta Investment Management Corp now owns 19,500 shares of the energy exploration company’s stock worth $2,186,000 after acquiring an additional 14,000 shares during the period. Finally, Fiera Capital Corp grew its holdings in EOG Resources by 20.7% during the 3rd quarter. Fiera Capital Corp now owns 68,635 shares of the energy exploration company’s stock worth $7,695,000 after acquiring an additional 11,774 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction 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. The trade was a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $136.42 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $137.04 and a two-hundred day moving average price of $123.99. The company has a market cap of $72.66 billion, a P/E ratio of 13.43 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) 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 the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $2.87 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analyst Ratings Changes

EOG has been the subject of a number of recent analyst reports. Raymond James Financial increased their price target on EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. UBS Group increased their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Wolfe Research increased their price target on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Susquehanna increased their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources Company Profile

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.