EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lessened by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 123,646 shares of the energy exploration company’s stock after selling 3,621 shares during the quarter. Congress Wealth Management LLC DE’s holdings in EOG Resources were worth $15,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Crowley Wealth Management Inc. bought a new position in EOG Resources in the 4th quarter worth approximately $61,000. Community Bank N.A. increased its holdings in shares of EOG Resources by 9.6% during the fourth quarter. Community Bank N.A. now owns 12,452 shares of the energy exploration company’s stock valued at $1,526,000 after purchasing an additional 1,090 shares during the period. Stevens Capital Management LP bought a new stake in shares of EOG Resources during the fourth quarter valued at about $895,000. LPL Financial LLC lifted its holdings in EOG Resources by 12.5% in the fourth quarter. LPL Financial LLC now owns 464,681 shares of the energy exploration company’s stock worth $56,961,000 after purchasing an additional 51,487 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in EOG Resources in the 4th quarter valued at about $32,325,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Bank of America reaffirmed a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Wells Fargo & Company cut their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.33.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by corporate insiders.

EOG Resources Trading Up 2.5 %

Shares of NYSE EOG opened at $128.35 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The business has a 50-day moving average price of $128.99 and a two-hundred day moving average price of $127.55. The firm has a market capitalization of $71.10 billion, a PE ratio of 10.33, a PEG ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

EOG Resources Profile

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.