Stack Financial Management Inc Sells 4,036 Shares of EOG Resources, Inc. $EOG

Stack Financial Management Inc lowered its position in EOG Resources, Inc. (NYSE:EOG) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,605 shares of the energy exploration company’s stock after selling 4,036 shares during the quarter. EOG Resources makes up about 1.6% of Stack Financial Management Inc’s portfolio, making the stock its 26th biggest position. Stack Financial Management Inc’s holdings in EOG Resources were worth $20,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hemington Wealth Management raised its stake in EOG Resources by 7.2% in the 3rd 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. Bollard Group LLC raised its stake in EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares during the last quarter. Hardy Reed LLC raised 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 acquiring an additional 97 shares during the last quarter. RKL Wealth Management LLC raised its stake in EOG Resources by 0.5% in the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock worth $2,381,000 after acquiring an additional 98 shares during the last quarter. Finally, CoreFirst Bank & Trust raised its stake in EOG Resources by 18.5% in the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock worth $72,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $141.70 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The business has a 50-day moving average price of $134.92 and a 200 day moving average price of $117.72. The firm has a market cap of $75.91 billion, a PE ratio of 15.55, a P/E/G ratio of 1.73 and a beta of 0.27.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating 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 firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same quarter 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 predict that EOG Resources, Inc. will post 14.75 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 16th. EOG Resources’s payout ratio is currently 44.79%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources 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 completion of the transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research analyst reports. Susquehanna raised their target price on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Barclays raised their target price on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Sanford C. Bernstein raised their target price on EOG Resources from $126.00 to $167.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Scotiabank raised their target price on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company raised their target price on EOG Resources from $155.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.68.

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.