Beddow Capital Management Inc. Sells 275 Shares of EOG Resources, Inc. (NYSE:EOG)

Beddow Capital Management Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,815 shares of the energy exploration company’s stock after selling 275 shares during the period. EOG Resources accounts for about 2.1% of Beddow Capital Management Inc.’s portfolio, making the stock its 21st largest position. Beddow Capital Management Inc.’s holdings in EOG Resources were worth $5,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of EOG Resources by 1.5% in the third quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock valued at $1,513,446,000 after purchasing an additional 180,755 shares during the last quarter. Franklin Resources Inc. grew its position in EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after buying an additional 2,076,134 shares during the period. Pacer Advisors Inc. grew its position in EOG Resources by 5.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock valued at $547,827,000 after buying an additional 214,497 shares during the period. Finally, Wealthfront Advisers LLC grew its position in EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after buying an additional 2,792,092 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EOG shares. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Piper Sandler lowered their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. 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. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Bank of America reissued 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. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

EOG Resources Price Performance

EOG stock opened at $124.91 on Friday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company’s fifty day moving average price is $129.11 and its 200-day moving average price is $127.45. 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 company has a market capitalization of $69.19 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

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

EOG Resources Announces Dividend

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 issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio 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.