Findlay Park Partners LLP Sells 30,100 Shares of EOG Resources, Inc. $EOG

Findlay Park Partners LLP cut its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,653,409 shares of the energy exploration company’s stock after selling 30,100 shares during the period. EOG Resources accounts for 1.9% of Findlay Park Partners LLP’s holdings, making the stock its 20th biggest holding. Findlay Park Partners LLP owned 0.30% of EOG Resources worth $185,380,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EOG. Hemington Wealth Management boosted its position in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after acquiring an additional 93 shares during the last quarter. apricus wealth LLC increased its holdings in EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 95 shares during the last quarter. Sowell Financial Services LLC lifted its stake in EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 96 shares in the last quarter. Hardy Reed LLC lifted its stake in EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 97 shares in the last quarter. Finally, RKL Wealth Management LLC boosted its holdings in shares of EOG Resources by 0.5% during the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after purchasing an additional 98 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

EOG Resources Stock Up 2.4%

Shares of EOG opened at $124.07 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $111.21 and a 200 day moving average of $111.79. The company has a market cap of $66.56 billion, a PE ratio of 13.62 and a beta of 0.49. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $130.52.

EOG Resources (NYSE:EOGGet Free Report) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $2.74 EPS. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.3%. EOG Resources’s dividend payout ratio is currently 44.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EOG shares. Scotiabank set a $123.00 target price on EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. UBS Group reiterated a “buy” rating and set a $141.00 target price (down from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. Susquehanna reduced their price target on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a research report on Thursday. Zacks Research downgraded shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Finally, Capital One Financial lowered their price objective on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $134.59.

Read Our Latest Stock Report on EOG Resources

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

EOG Resources Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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