Russell Investments Group Ltd. Cuts Stock Position in EOG Resources, Inc. $EOG

Russell Investments Group Ltd. trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 566,340 shares of the energy exploration company’s stock after selling 123,988 shares during the period. Russell Investments Group Ltd. owned 0.10% of EOG Resources worth $63,500,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several equities research analysts recently commented on EOG shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. JPMorgan Chase & Co. increased their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 target price (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $135.77.

EOG Resources Trading Down 3.0%

Shares of EOG opened at $127.78 on Wednesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $134.36. The stock has a 50-day moving average price of $114.76 and a 200 day moving average price of $112.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market capitalization of $68.55 billion, a P/E ratio of 14.03 and a beta of 0.44.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the previous year, the business earned $2.74 EPS. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given 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 3.2%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $11,445,850. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 7,774 shares of company stock valued at $945,895 in the last three months. 0.13% of the stock is currently owned by insiders.

About EOG Resources

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.