Berkeley Capital Partners LLC Sells 135 Shares of EOG Resources, Inc. (NYSE:EOG)

Berkeley Capital Partners LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,915 shares of the energy exploration company’s stock after selling 135 shares during the quarter. Berkeley Capital Partners LLC’s holdings in EOG Resources were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Financial Life Planners purchased a new stake in EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd increased its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in EOG Resources in the fourth quarter worth $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the fourth quarter worth $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Up 2.0 %

Shares of EOG stock opened at $125.02 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $129.32 and a two-hundred day moving average price of $127.49. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The firm has a market cap of $69.25 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

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

EOG Resources Dividend Announcement

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 paid 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 is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EOG shares. Morgan Stanley reduced their price target on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Barclays reduced their price target on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Finally, Raymond James lifted their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.33.

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.