Ashton Thomas Private Wealth LLC Has $2.53 Million Position in EOG Resources, Inc. (NYSE:EOG)

Ashton Thomas Private Wealth LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 5.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,809 shares of the energy exploration company’s stock after selling 1,192 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in EOG Resources were worth $2,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in EOG Resources by 36.3% in the 3rd quarter. Lazard Asset Management LLC now owns 47,812 shares of the energy exploration company’s stock worth $6,060,000 after buying an additional 12,726 shares during the period. Truist Financial Corp increased its position in EOG Resources by 8.5% in the 3rd quarter. Truist Financial Corp now owns 171,742 shares of the energy exploration company’s stock worth $21,770,000 after buying an additional 13,382 shares during the period. Glenmede Trust Co. NA increased its position in EOG Resources by 2.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 10,201 shares of the energy exploration company’s stock worth $1,293,000 after buying an additional 246 shares during the period. Alps Advisors Inc. bought a new position in EOG Resources in the 3rd quarter worth approximately $1,028,000. Finally, Evergreen Capital Management LLC increased its position in EOG Resources by 1.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 25,640 shares of the energy exploration company’s stock worth $3,250,000 after buying an additional 443 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.6 %

NYSE EOG traded down $0.81 on Friday, reaching $125.96. The company had a trading volume of 692,803 shares, compared to its average volume of 3,240,557. The stock’s 50 day moving average is $125.62 and its 200-day moving average is $122.59. The stock has a market cap of $72.39 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.75 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data 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 business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm’s revenue 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. Equities analysts predict that EOG Resources, Inc. will post 12.06 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. EOG Resources’s dividend payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

Several research analysts have commented on EOG shares. KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. Susquehanna boosted their price objective on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Bank of America restated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Citigroup boosted their price objective on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Thirteen 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $143.19.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock worth $2,144,972. 0.20% of the stock is owned by insiders.

EOG Resources Company 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.