ExodusPoint Capital Management LP Sells 17,596 Shares of EOG Resources, Inc. $EOG

ExodusPoint Capital Management LP lessened its position in EOG Resources, Inc. (NYSE:EOG) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 222,787 shares of the energy exploration company’s stock after selling 17,596 shares during the period. ExodusPoint Capital Management LP’s holdings in EOG Resources were worth $23,395,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Copley Financial Group Inc. bought a new stake in EOG Resources in the fourth quarter valued at approximately $392,000. L2 Asset Management LLC increased its position in shares of EOG Resources by 56.5% during the fourth quarter. L2 Asset Management LLC now owns 30,300 shares of the energy exploration company’s stock worth $3,182,000 after acquiring an additional 10,945 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of EOG Resources by 153.3% during the fourth quarter. Alberta Investment Management Corp now owns 49,400 shares of the energy exploration company’s stock worth $5,187,000 after acquiring an additional 29,900 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of EOG Resources by 12.9% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,840 shares of the energy exploration company’s stock worth $193,000 after acquiring an additional 210 shares in the last quarter. Finally, TritonPoint Partners LLC bought a new stake in shares of EOG Resources during the fourth quarter worth $482,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. Raymond James Financial increased their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 27th. Williams Trading set a $177.00 price objective on shares of EOG Resources in a research report on Monday, April 20th. Susquehanna increased their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. Finally, Roth Mkm reissued a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

EOG Resources Stock Performance

Shares of EOG opened at $132.00 on Wednesday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a fifty day simple moving average of $136.61 and a 200 day simple moving average of $124.36. The stock has a market capitalization of $70.31 billion, a price-to-earnings ratio of 12.99 and a beta of 0.25. 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 (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the company posted $2.87 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. Research analysts forecast that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Announces Dividend

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

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

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.