Level Four Advisory Services LLC Trims Holdings in EOG Resources, Inc. (NYSE:EOG)

Level Four Advisory Services LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 13.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,533 shares of the energy exploration company’s stock after selling 5,639 shares during the period. Level Four Advisory Services LLC’s holdings in EOG Resources were worth $4,419,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC increased its holdings in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Exchange Traded Concepts LLC raised its position in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Hall Laurie J Trustee bought a new stake in EOG Resources during the fourth quarter valued at $36,000. Keener Financial Planning LLC purchased a new position in EOG Resources during the fourth quarter worth about $36,000. Finally, Tennessee Valley Asset Management Partners bought a new position in EOG Resources in the 4th quarter worth about $40,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.6 %

EOG stock traded up $2.02 during trading on Friday, hitting $129.94. 2,340,077 shares of the stock traded hands, compared to its average volume of 3,038,152. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The stock has a market cap of $74.68 billion, a price-to-earnings ratio of 10.26 and a beta of 1.38. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The firm’s 50 day moving average is $130.30 and its two-hundred day moving average is $122.48.

EOG Resources (NYSE:EOGGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.69 earnings per share. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 12.19 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Activity

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold a total of 11,783 shares of company stock valued at $1,533,465 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Susquehanna increased their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Morgan Stanley lifted their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, Truist Financial lowered EOG Resources from a “buy” rating to a “hold” rating and dropped their price target for the stock from $163.00 to $136.00 in a research note on Thursday. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $141.82.

Read Our Latest Stock Report on EOG Resources

About EOG Resources

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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