Duncker Streett & Co. Inc. Sells 1,070 Shares of EOG Resources, Inc. (NYSE:EOG)

Duncker Streett & Co. Inc. lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 17.4% during the fourth quarter, Holdings Channel reports. The firm owned 5,087 shares of the energy exploration company’s stock after selling 1,070 shares during the period. Duncker Streett & Co. Inc.’s holdings in EOG Resources were worth $624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its holdings in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources during the 4th quarter valued at $27,000. Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the 4th quarter valued at $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of EOG Resources during the 3rd quarter valued at $31,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EOG. Mizuho lowered their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Piper Sandler raised their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $145.30.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $126.99 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm’s 50-day simple moving average is $129.30 and its 200-day simple moving average is $127.89. EOG Resources, Inc. has a twelve month low of $113.83 and a twelve month high of $139.67. The firm has a market cap of $71.43 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.96 billion. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.07%. EOG Resources’s dividend payout ratio (DPR) is currently 31.40%.

EOG Resources Company 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.