EOG Resources, Inc. (NYSE:EOG) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,215 shares of the energy exploration company’s stock after selling 152 shares during the quarter. Schechter Investment Advisors LLC’s holdings in EOG Resources were worth $1,620,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of EOG. DRW Securities LLC lifted its holdings in EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after buying an additional 13,324 shares during the last quarter. Caprock Group LLC lifted its stake in EOG Resources by 7.7% during the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 862 shares during the last quarter. World Investment Advisors LLC acquired a new position in EOG Resources in the third quarter worth $730,000. Mountain Lake Investment Management LLC acquired a new position in EOG Resources in the fourth quarter worth $735,000. Finally, Oak Ridge Investments LLC boosted its holdings in EOG Resources by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after purchasing an additional 2,311 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Piper Sandler lifted their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a report on Monday. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Mizuho decreased their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average target price of $145.80.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $120.28 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $115.40 and a fifty-two week high of $139.67. The firm’s 50-day simple moving average is $129.31 and its 200 day simple moving average is $127.85. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $67.65 billion, a P/E ratio of 9.68, a P/E/G ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

EOG Resources declared that its Board of Directors has authorized a share buyback program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.