EOG Resources, Inc. (NYSE:EOG) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its position in EOG Resources, Inc. (NYSE:EOG) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,589 shares of the energy exploration company’s stock after selling 1,500 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in EOG Resources were worth $15,272,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

EOG has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price target on shares of EOG Resources in a report on Monday, January 6th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $143.90.

EOG Resources Stock Performance

Shares of EOG opened at $125.63 on Friday. The company has a market capitalization of $70.66 billion, a PE ratio of 10.11, a PEG ratio of 3.46 and a beta of 1.29. 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’s 50 day moving average price is $128.37 and its 200 day moving average price is $127.37. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

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

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, January 17th. EOG Resources’s dividend payout ratio is presently 31.40%.

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

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction 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. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

About EOG Resources

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.