Vest Financial LLC Sells 69,848 Shares of EOG Resources, Inc. $EOG

Vest Financial LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 44.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,888 shares of the energy exploration company’s stock after selling 69,848 shares during the quarter. Vest Financial LLC’s holdings in EOG Resources were worth $9,630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $445,921,000 after purchasing an additional 1,456,928 shares during the period. Prudential Financial Inc. raised its position in shares of EOG Resources by 282.3% in the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock worth $184,924,000 after buying an additional 1,141,680 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in EOG Resources by 122.6% during the second quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock valued at $108,514,000 after buying an additional 499,610 shares during the period. Invesco Ltd. grew its position in EOG Resources by 7.0% during the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after buying an additional 294,641 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in EOG Resources during the second quarter worth about $33,874,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Wolfe Research dropped their price target on EOG Resources from $138.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Morgan Stanley lifted their target price on shares of EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the stock a “sector perform” rating in a report on Friday, January 16th. Citigroup restated a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Finally, Johnson Rice cut their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $135.56.

EOG Resources Stock Performance

EOG Resources stock opened at $107.97 on Thursday. The firm has a fifty day simple moving average of $106.78 and a two-hundred day simple moving average of $112.35. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $136.20. The company has a market capitalization of $58.59 billion, a PE ratio of 10.75, a P/E/G ratio of 8.82 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 earnings per share. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is currently 40.64%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by 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.