Heartland Advisors Inc. Sells 6,889 Shares of EOG Resources, Inc. $EOG

Heartland Advisors Inc. trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,790 shares of the energy exploration company’s stock after selling 6,889 shares during the period. EOG Resources makes up about 1.1% of Heartland Advisors Inc.’s investment portfolio, making the stock its 16th biggest position. Heartland Advisors Inc.’s holdings in EOG Resources were worth $21,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Twin Capital Management Inc. lifted its holdings in EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after buying an additional 79 shares in the last quarter. Hardy Reed LLC increased its stake in shares of EOG Resources by 3.8% in the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after buying an additional 82 shares during the period. Fulton Bank N.A. increased its stake in shares of EOG Resources by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock valued at $662,000 after buying an additional 93 shares during the period. Ethos Financial Group LLC raised its position in shares of EOG Resources by 2.5% during the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after acquiring an additional 100 shares during the last quarter. Finally, NovaPoint Capital LLC raised its position in shares of EOG Resources by 0.3% during the first quarter. NovaPoint Capital LLC now owns 31,621 shares of the energy exploration company’s stock worth $4,571,000 after acquiring an additional 100 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 1.0%

Shares of EOG Resources stock opened at $139.80 on Friday. The business has a fifty day simple moving average of $135.91 and a 200 day simple moving average of $128.55. The stock has a market cap of $74.46 billion, a PE ratio of 13.76 and a beta of 0.25. The company has a quick ratio of 1.53, a current ratio of 1.72 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.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm posted $2.87 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EOG shares. JPMorgan Chase & Co. decreased their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Roth Capital restated a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. Raymond James Financial reduced their target price on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research note on Monday, June 22nd. Finally, Truist Financial lowered their price target on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, July 1st. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.04.

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.