Cullen Capital Management LLC Sells 124,085 Shares of EOG Resources, Inc. $EOG

Cullen Capital Management LLC decreased its position in EOG Resources, Inc. (NYSE:EOG) by 21.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 452,854 shares of the energy exploration company’s stock after selling 124,085 shares during the quarter. Cullen Capital Management LLC’s holdings in EOG Resources were worth $47,554,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EOG. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources in the 2nd quarter worth about $258,000. Quantbot Technologies LP bought a new stake in shares of EOG Resources in the 2nd quarter worth about $349,000. Gamco Investors INC. ET AL grew its holdings in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.1%

Shares of NYSE:EOG opened at $136.42 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company’s 50-day moving average price is $137.04 and its two-hundred day moving average price is $123.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market cap of $72.66 billion, a P/E ratio of 13.43 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the company posted $2.87 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. As a group, research analysts forecast that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s dividend payout ratio is presently 40.16%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Roth Mkm reiterated a “neutral” rating and set a $136.00 price target on shares of EOG Resources in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on shares of EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Sanford C. Bernstein decreased their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Citigroup reissued a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada increased their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.32.

Insider Buying and Selling

In related news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

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.