SevenBridge Financial Group LLC Has $2.91 Million Stock Position in EOG Resources, Inc. $EOG

SevenBridge Financial Group LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 26.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,042 shares of the energy exploration company’s stock after selling 9,489 shares during the quarter. SevenBridge Financial Group LLC’s holdings in EOG Resources were worth $2,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Hemington Wealth Management raised its stake in EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after acquiring an additional 93 shares in the last quarter. Bollard Group LLC boosted its stake in shares of EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares in the last quarter. apricus wealth LLC boosted its stake in shares of EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares in the last quarter. Hardy Reed LLC grew its holdings in shares of EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 97 shares during the last quarter. Finally, RKL Wealth Management LLC increased its position in shares of EOG Resources by 0.5% during the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock worth $2,381,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.1%

Shares of NYSE EOG opened at $139.09 on Friday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm has a market capitalization of $74.51 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.76 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company’s 50 day simple moving average is $134.92 and its 200 day simple moving average is $117.61.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.74 EPS. On average, analysts predict that EOG Resources, Inc. will post 14.68 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were 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 was Thursday, April 16th. EOG Resources’s dividend payout ratio is currently 44.79%.

Analyst Ratings Changes

EOG has been the subject of several analyst reports. Weiss Ratings raised shares of EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Truist Financial started coverage on shares of EOG Resources in a research note on Tuesday, March 24th. They issued a “hold” rating and a $146.00 target price for the company. JPMorgan Chase & Co. boosted their target price on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, Barclays raised their price target on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $153.68.

Insider Activity

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

About EOG Resources

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.