NorthCrest Asset Manangement LLC Sells 6,324 Shares of EOG Resources, Inc. $EOG

NorthCrest Asset Manangement LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,226 shares of the energy exploration company’s stock after selling 6,324 shares during the period. NorthCrest Asset Manangement LLC’s holdings in EOG Resources were worth $1,405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EOG. First Trust Advisors LP boosted its holdings in EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after buying an additional 1,456,928 shares during the period. Capital World Investors grew its position in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of EOG Resources in the third quarter valued at $87,193,000. TD Asset Management Inc raised its stake in shares of EOG Resources by 288.1% during the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock valued at $100,065,000 after purchasing an additional 662,539 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in EOG Resources by 11.8% during the 3rd quarter. Franklin Resources Inc. now owns 5,186,343 shares of the energy exploration company’s stock worth $581,493,000 after purchasing an additional 548,334 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. UBS Group increased their price target on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Stephens boosted their price objective on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Piper Sandler upped their target price on shares of EOG Resources from $127.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, BMO Capital Markets increased their target price on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $138.23.

EOG Resources Stock Up 0.6%

EOG stock opened at $139.52 on Tuesday. The company’s 50 day moving average is $120.32 and its 200 day moving average is $113.04. The stock has a market cap of $74.85 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $141.13.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the business posted $2.74 earnings per share. EOG Resources’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s payout ratio is currently 44.79%.

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 stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,532 shares of company stock valued at $1,877,405 over the last quarter. 0.13% of the stock is owned by company 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.