Geneos Wealth Management Inc. Sells 5,194 Shares of EOG Resources, Inc. $EOG

Geneos Wealth Management Inc. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 8.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,519 shares of the energy exploration company’s stock after selling 5,194 shares during the period. Geneos Wealth Management Inc.’s holdings in EOG Resources were worth $6,001,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of EOG. Cullen Capital Management LLC grew its stake in shares of EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares during the last quarter. Kiker Wealth Management LLC bought a new position in shares of EOG Resources in the 2nd quarter valued at $627,000. Railway Pension Investments Ltd boosted its holdings in shares of EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after acquiring an additional 28,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in EOG Resources by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after purchasing an additional 5,156 shares in the last quarter. Finally, River Road Asset Management LLC increased its holdings in EOG Resources by 15.2% in the 2nd quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock worth $9,107,000 after purchasing an additional 9,999 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Down 1.1%

Shares of NYSE EOG opened at $105.00 on Wednesday. The company’s 50 day moving average price is $106.73 and its 200-day moving average price is $113.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $138.18. The company has a market capitalization of $56.97 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 8.32 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Analysts Set New Price Targets

Several analysts have recently weighed in on EOG shares. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Wolfe Research cut their price target on shares of EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Citigroup reissued a “neutral” rating and issued a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $138.14.

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.