Congress Asset Management Co. MA Sells 3,521 Shares of EOG Resources, Inc. (NYSE:EOG)

Congress Asset Management Co. MA trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,880 shares of the energy exploration company’s stock after selling 3,521 shares during the period. Congress Asset Management Co. MA’s holdings in EOG Resources were worth $23,329,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EOG. McIlrath & Eck LLC boosted its holdings in shares of EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the period. Exchange Traded Concepts LLC boosted its holdings in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the last quarter. Sachetta LLC acquired a new position in EOG Resources during the fourth quarter worth $33,000. Hall Laurie J Trustee acquired a new position in EOG Resources during the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC acquired a new position in EOG Resources during the fourth quarter worth $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG traded down $0.86 during mid-day trading on Friday, reaching $118.24. 2,850,281 shares of the company’s stock were exchanged, compared to its average volume of 2,940,262. EOG Resources, Inc. has a one year low of $106.34 and a one year high of $139.67. The firm has a market capitalization of $67.95 billion, a PE ratio of 9.34 and a beta of 1.32. The business’s fifty day simple moving average is $128.63 and its two-hundred day simple moving average is $122.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $2.69 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business 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. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.08%. EOG Resources’s payout ratio is currently 28.75%.

Insider Activity

In related news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources 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 sale, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources 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 sale, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now owns 39,054 shares in the company, valued at $5,079,753.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,512 shares of company stock worth $2,144,972. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays assumed coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. TD Securities dropped their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Bank of America reaffirmed a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research report on Friday. KeyCorp upped their price target on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, Susquehanna upped their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Thirteen research 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.19.

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.