EOG Resources, Inc. $EOG Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,025,530 shares of the energy exploration company’s stock after selling 783,544 shares during the quarter. Pacer Advisors Inc.’s holdings in EOG Resources were worth $212,701,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EOG. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the fourth quarter valued at $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $26,000. Gen Wealth Partners Inc purchased a new position in EOG Resources during the 4th quarter valued at about $30,000. Nemes Rush Group LLC purchased a new position in EOG Resources in the fourth quarter valued at $30,000. Finally, Olistico Wealth LLC acquired a new position in EOG Resources during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EOG shares. Wolfe Research boosted their price objective on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Royal Bank Of Canada raised their target price on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Susquehanna raised their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources Stock Down 2.4%

Shares of NYSE:EOG opened at $130.05 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The stock’s fifty day simple moving average is $136.14 and its 200-day simple moving average is $124.71.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for 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 firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.87 EPS. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.63 earnings per share 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. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources’s payout ratio is currently 40.16%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

About EOG Resources

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.