EOG Resources, Inc. $EOG Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 49.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,518 shares of the energy exploration company’s stock after selling 3,444 shares during the period. Kathmere Capital Management LLC’s holdings in EOG Resources were worth $369,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Capital World Investors raised 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 worth $6,156,495,000 after acquiring an additional 782,426 shares during the period. Capital Research Global Investors boosted its stake in shares of EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after acquiring an additional 122,486 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after acquiring an additional 249,984 shares during the period. Northern Trust Corp grew its position in shares of EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock valued at $669,911,000 after acquiring an additional 49,987 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of EOG Resources by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after purchasing an additional 344,291 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EOG shares. The Goldman Sachs Group lowered their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Raymond James Financial increased their target price on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research report on Friday, February 13th. Finally, Wolfe Research boosted their price target on shares of EOG Resources from $140.00 to $152.00 in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $139.52.

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 completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 14,532 shares of company stock valued at $1,877,405. 0.13% of the stock is owned by corporate insiders.

EOG Resources Trading Up 1.4%

EOG stock opened at $149.63 on Friday. 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 12-month low of $101.59 and a 12-month high of $150.10. The stock has a market cap of $80.27 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 3.64 and a beta of 0.44. The business’s 50-day moving average is $123.33 and its 200 day moving average is $113.86.

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

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is presently 44.79%.

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.