Kovitz Investment Group Partners LLC Reduces Position in EOG Resources, Inc. $EOG

Kovitz Investment Group Partners LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 89.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,720 shares of the energy exploration company’s stock after selling 212,269 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in EOG Resources were worth $2,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources in the second quarter valued at approximately $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources in the 2nd quarter valued at $349,000. Gamco Investors INC. ET AL increased 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 valued at $785,000 after acquiring an additional 4,485 shares during the period. NewEdge Advisors LLC raised its position in EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Sei Investments Co. raised its position in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

EOG Resources Trading Up 0.1%

Shares of EOG stock opened at $130.05 on Friday. The business’s fifty day moving average price is $135.96 and its 200 day moving average price is $124.75. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The firm has a market capitalization of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

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

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Capital One Financial lowered their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Zacks Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Royal Bank Of Canada increased their target price on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised their price target on EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Susquehanna boosted their price target on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. One equities 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 company. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

EOG Resources Profile

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.