Midland Wealth Advisors LLC Sells 239 Shares of EOG Resources, Inc. (NYSE:EOG)

Midland Wealth Advisors LLC reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,021 shares of the energy exploration company’s stock after selling 239 shares during the quarter. Midland Wealth Advisors LLC’s holdings in EOG Resources were worth $493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DRW Securities LLC boosted its stake in EOG Resources by 98.6% in the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after purchasing an additional 13,324 shares during the period. Caprock Group LLC boosted its stake in EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after purchasing an additional 862 shares during the period. World Investment Advisors LLC bought a new stake in EOG Resources in the 3rd quarter valued at $730,000. Mountain Lake Investment Management LLC bought a new stake in EOG Resources in the 4th quarter valued at $735,000. Finally, Oak Ridge Investments LLC boosted its stake in EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after purchasing an additional 2,311 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EOG has been the subject of several recent research reports. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Raymond James upped their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Citigroup downgraded EOG Resources from a “neutral” rating to a “reduce” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $146.19.

EOG Resources Price Performance

Shares of EOG opened at $125.83 on Tuesday. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The business has a 50-day simple moving average of $129.60 and a two-hundred day simple moving average of $127.75. 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 $69.70 billion, a PE ratio of 10.13, a PEG ratio of 3.58 and a beta of 1.25.

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

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.10%. EOG Resources’s payout ratio is 34.73%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

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.