EOG Resources, Inc. $EOG Shares Bought by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,629 shares of the energy exploration company’s stock after acquiring an additional 10,185 shares during the period. EOG Resources comprises 1.3% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 21st largest holding. Marble Harbor Investment Counsel LLC’s holdings in EOG Resources were worth $12,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Capital World Investors increased its stake in EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of EOG Resources in the third quarter worth $87,193,000. Northwestern Mutual Wealth Management Co. increased its position in shares of EOG Resources by 2,410.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock worth $75,547,000 after acquiring an additional 690,765 shares in the last quarter. TD Asset Management Inc increased its position in shares of EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after acquiring an additional 662,539 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of EOG Resources by 140.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock worth $115,826,000 after acquiring an additional 644,569 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on EOG shares. Zacks Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Susquehanna raised their target price on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial raised their target price on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.21.

EOG Resources Price Performance

EOG opened at $144.31 on Wednesday. The company has a fifty day simple moving average of $137.28 and a 200 day simple moving average of $120.04. The firm has a market cap of $76.86 billion, a price-to-earnings ratio of 14.20 and a beta of 0.27. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the business earned $2.87 EPS. Equities research analysts expect that EOG Resources, Inc. will post 14.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value 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. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by insiders.

EOG Resources Company 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.