Spire Wealth Management Sells 215 Shares of EOG Resources, Inc. (NYSE:EOG)

Spire Wealth Management lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,581 shares of the energy exploration company’s stock after selling 215 shares during the quarter. Spire Wealth Management’s holdings in EOG Resources were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Northwest Investment Counselors LLC bought a new position in EOG Resources in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the 4th quarter worth approximately $27,000. Eastern Bank bought a new position in EOG Resources during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in EOG Resources during the 3rd quarter worth approximately $31,000. Finally, HM Payson & Co. raised its holdings in EOG Resources by 203.7% during the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on EOG shares. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Raymond James raised their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler lifted their price objective 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. Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $143.90.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $128.24 on Wednesday. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business has a fifty day moving average price of $128.26 and a 200-day moving average price of $127.29. The company has a market capitalization of $72.13 billion, a PE ratio of 10.33, a PEG ratio of 3.33 and a beta of 1.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period last year, the company earned $3.44 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 11.46 EPS for the current fiscal year.

EOG Resources announced that its board has approved a stock repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.975 per share. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 3.04%. EOG Resources’s dividend payout ratio (DPR) is presently 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.