Fisher Asset Management LLC Sells 5,628 Shares of EOG Resources, Inc. $EOG

Fisher Asset Management LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,349,116 shares of the energy exploration company’s stock after selling 5,628 shares during the period. Fisher Asset Management LLC owned 0.25% of EOG Resources worth $141,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Olistico Wealth LLC bought a new stake in EOG Resources in the 4th quarter valued at about $33,000. Physician Wealth Advisors Inc. raised its stake in EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after acquiring an additional 170 shares during the period. Laurel Wealth Advisors LLC bought a new stake in EOG Resources in the 4th quarter valued at about $38,000. City Holding Co. raised its stake in EOG Resources by 469.2% in the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 305 shares during the period. Finally, AXS Investments LLC bought a new stake in EOG Resources in the 3rd quarter valued at about $41,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 0.1%

Shares of EOG opened at $141.43 on Tuesday. The business’s 50-day moving average price is $138.07 and its 200-day moving average price is $121.04. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The stock has a market cap of $75.33 billion, a PE ratio of 13.92 and a beta of 0.27. 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 (NYSE:EOG) last announced its quarterly 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 analysts’ expectations of $6.18 billion. During the same period in the prior year, the business posted $2.87 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Raymond James Financial boosted their price objective on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, March 27th. Truist Financial boosted their price objective on EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Piper Sandler boosted their price objective on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group boosted their price objective on EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Stephens lowered their price objective on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $155.64.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,230 shares of company stock worth $2,272,568. Company insiders own 0.14% of the company’s stock.

EOG Resources 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.