Rakuten Investment Management Inc. Lowers Stock Position in EOG Resources, Inc. $EOG

Rakuten Investment Management Inc. lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 24.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 71,522 shares of the energy exploration company’s stock after selling 22,713 shares during the period. Rakuten Investment Management Inc.’s holdings in EOG Resources were worth $7,484,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $30,000. Gen Wealth Partners Inc purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $30,000. Olistico Wealth LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $33,000. Finally, Physician Wealth Advisors Inc. lifted its position in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EOG. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Barclays boosted their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Trading Up 0.0%

Shares of EOG Resources stock opened at $132.00 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The firm has a market capitalization of $70.31 billion, a price-to-earnings ratio of 12.99 and a beta of 0.25. The firm’s 50 day simple moving average is $136.61 and its two-hundred day simple moving average is $124.36.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.87 EPS. Analysts predict that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s 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 sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by corporate insiders.

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.