EOG Resources, Inc. $EOG Shares Sold by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. lowered its position in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,317 shares of the energy exploration company’s stock after selling 3,657 shares during the quarter. EOG Resources accounts for approximately 1.8% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 27th biggest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in EOG Resources were worth $36,550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at approximately $138,987,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of EOG Resources during the second quarter worth approximately $11,746,000. Parvin Asset Management LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $1,743,000. Transamerica Financial Advisors LLC bought a new stake in shares of EOG Resources in the second quarter worth $1,051,000. Finally, Rakuten Investment Management Inc. bought a new stake in shares of EOG Resources in the second quarter worth $11,517,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 7,336 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president owned 100,558 shares of the company’s stock, valued at $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Capital One Financial cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target on the stock. in a report on Wednesday, August 26th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. UBS Group raised their price objective on shares of EOG Resources from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Monday. Roth Capital reissued a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a research report on Wednesday, August 5th. Finally, Morgan Stanley upped their target price on shares of EOG Resources from $157.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $162.32.

EOG Resources Price Performance

Shares of EOG opened at $151.61 on Wednesday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $165.93. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.24. The firm has a market cap of $79.53 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.52 and a beta of 0.27. The stock has a 50 day moving average of $149.54 and a 200-day moving average of $138.26.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 5th. The energy exploration company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.42. EOG Resources had a return on equity of 26.32% and a net margin of 27.54%. The business had revenue of $8.55 billion for the quarter, compared to analyst estimates of $7.26 billion. During the same period in the prior year, the company posted $2.71 EPS. The business’s revenue was up 46.2% compared to the same quarter last year. As a group, analysts forecast that EOG Resources, Inc. will post 17.72 EPS for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, January 15th. This is a positive change from EOG Resources’s previous quarterly dividend of $1.02. EOG Resources’s payout ratio is currently 28.42%.

EOG Resources Profile

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations. The company’s activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.