Crossmark Global Holdings Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,557 shares of the energy exploration company’s stock after selling 280 shares during the period. Crossmark Global Holdings Inc.’s holdings in EOG Resources were worth $1,854,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC bought a new stake in shares of EOG Resources during the first quarter valued at approximately $31,000. Vantage Consulting Group Inc purchased a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Wolff Wiese Magana LLC purchased a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Winslow Evans & Crocker Inc. increased its holdings in EOG Resources by 1,136.4% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 544 shares of the energy exploration company’s stock valued at $27,000 after buying an additional 500 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in EOG Resources during the first quarter valued at approximately $56,000. 87.69% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on EOG shares. Bank of America reissued a “neutral” rating on shares of EOG Resources in a report on Monday, March 22nd. US Capital Advisors lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, March 12th. Barclays lifted their price objective on shares of EOG Resources from $60.00 to $74.00 and gave the company an “equal weight” rating in a report on Tuesday, March 30th. KeyCorp lifted their price target on shares of EOG Resources from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, March 17th. Finally, Truist lifted their price target on shares of EOG Resources from $50.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, December 29th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $70.69.
In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 8,623 shares of the company’s stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $74.74, for a total value of $644,483.02. Following the completion of the transaction, the chief operating officer now owns 121,239 shares in the company, valued at $9,061,402.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 6,223 shares of the company’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $74.98, for a total transaction of $466,600.54. Following the completion of the transaction, the executive vice president now owns 119,184 shares of the company’s stock, valued at approximately $8,936,416.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,119 shares of company stock valued at $1,356,231. Insiders own 0.30% of the company’s stock.
NYSE EOG opened at $68.35 on Friday. The company has a market capitalization of $39.89 billion, a PE ratio of -131.44 and a beta of 2.09. The company has a fifty day moving average of $72.49 and a 200 day moving average of $55.59. EOG Resources, Inc. has a 1 year low of $31.22 and a 1 year high of $77.14. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.47.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, February 25th. The energy exploration company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.33. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.90 billion. EOG Resources had a negative net margin of 2.47% and a positive return on equity of 5.86%. Research analysts expect that EOG Resources, Inc. will post 1.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Friday, April 16th will be given a $0.4125 dividend. The ex-dividend date is Thursday, April 15th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from EOG Resources’s previous quarterly dividend of $0.38. EOG Resources’s dividend payout ratio is 33.13%.
EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman.
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