Dearborn Partners LLC Sells 3,506 Shares of EOG Resources, Inc. (NYSE:EOG)

Dearborn Partners LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 194,112 shares of the energy exploration company’s stock after selling 3,506 shares during the quarter. Dearborn Partners LLC’s holdings in EOG Resources were worth $23,794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Financial Life Planners purchased a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its holdings in EOG Resources by 149.4% in 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 during the period. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources during the fourth quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were 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 directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EOG. Truist Financial upped their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Barclays cut their price target on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Piper Sandler dropped their price objective on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $146.19.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $125.83 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. The company has a market cap of $69.70 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The company has a 50-day moving average price of $129.60 and a 200-day moving average price of $127.75.

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

EOG Resources Announces Dividend

The business 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 $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.10%. EOG Resources’s dividend payout ratio is 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.