Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $151.92 Million Position in EOG Resources, Inc. $EOG

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,399,000 shares of the energy exploration company’s stock after selling 17,204 shares during the quarter. EOG Resources makes up approximately 1.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 23rd largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in EOG Resources were worth $151,917,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its position in shares of 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 bought a new position in EOG Resources in the third quarter valued at about $87,193,000. TD Asset Management Inc increased its position in 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 purchasing an additional 662,539 shares during the period. Assenagon Asset Management S.A. increased its position in 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 purchasing an additional 644,569 shares during the period. Finally, SG Americas Securities LLC raised its holdings in EOG Resources by 1,697.1% during the 4th quarter. SG Americas Securities LLC now owns 600,024 shares of the energy exploration company’s stock worth $63,009,000 after purchasing an additional 566,635 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,230 shares of company stock worth $2,522,568. Insiders own 0.14% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $133.05 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $71.28 billion, a P/E ratio of 14.60, a PEG ratio of 2.64 and a beta of 0.32. The business has a 50-day moving average of $133.11 and a 200-day moving average of $116.58. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $2.74 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 13.45 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Capital One Financial raised their target price on shares of EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research note on Thursday, March 26th. Wolfe Research boosted their price target on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Stephens increased their price objective on shares of EOG Resources from $139.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Susquehanna lifted their target price on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, Citigroup dropped their target price on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $153.68.

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.