Williams Jones Wealth Management LLC. Has $2.31 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Williams Jones Wealth Management LLC. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,810 shares of the energy exploration company’s stock after selling 870 shares during the period. Williams Jones Wealth Management LLC.’s holdings in EOG Resources were worth $2,306,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Willis Johnson & Associates Inc. lifted its position in shares of EOG Resources by 5.8% during the 4th quarter. Willis Johnson & Associates Inc. now owns 2,450 shares of the energy exploration company’s stock valued at $300,000 after acquiring an additional 135 shares during the period. Two Sigma Investments LP lifted its position in shares of EOG Resources by 93.1% during the 4th quarter. Two Sigma Investments LP now owns 205,791 shares of the energy exploration company’s stock valued at $25,226,000 after acquiring an additional 99,242 shares during the period. Texas Bank & Trust Co acquired a new position in shares of EOG Resources during the 4th quarter valued at $375,000. Tidal Investments LLC lifted its position in shares of EOG Resources by 12.9% during the 4th quarter. Tidal Investments LLC now owns 66,384 shares of the energy exploration company’s stock valued at $8,137,000 after acquiring an additional 7,594 shares during the period. Finally, TrinityPoint Wealth LLC lifted its position in shares of EOG Resources by 8.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 6,065 shares of the energy exploration company’s stock valued at $743,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EOG. UBS Group dropped their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. KeyCorp decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Piper Sandler decreased their price target on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $141.05.

EOG Resources Stock Performance

NYSE EOG opened at $112.50 on Wednesday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $61.40 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.58 and a beta of 0.78. The company has a fifty day moving average price of $115.47 and a 200-day moving average price of $124.19.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The business’s revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.47%. EOG Resources’s payout ratio is 36.18%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

About EOG Resources

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.