EOG Resources, Inc. (NYSE:EOG) Position Trimmed by EP Wealth Advisors LLC

EP Wealth Advisors LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,424 shares of the energy exploration company’s stock after selling 115 shares during the quarter. EP Wealth Advisors LLC’s holdings in EOG Resources were worth $821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EOG. Freestone Capital Holdings LLC grew its stake in shares of EOG Resources by 13.7% in the 1st quarter. Freestone Capital Holdings LLC now owns 23,595 shares of the energy exploration company’s stock valued at $3,016,000 after buying an additional 2,840 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in EOG Resources by 142.0% in the 1st quarter. CreativeOne Wealth LLC now owns 11,297 shares of the energy exploration company’s stock worth $1,444,000 after purchasing an additional 6,628 shares during the last quarter. Delap Wealth Advisory LLC acquired a new stake in EOG Resources in the 1st quarter worth approximately $236,000. Vident Advisory LLC lifted its holdings in EOG Resources by 2.3% in the 1st quarter. Vident Advisory LLC now owns 52,984 shares of the energy exploration company’s stock worth $6,774,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Fayez Sarofim & Co lifted its holdings in EOG Resources by 3.7% in the 1st quarter. Fayez Sarofim & Co now owns 1,320,186 shares of the energy exploration company’s stock worth $168,773,000 after purchasing an additional 47,468 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.1 %

NYSE:EOG traded up $0.11 during mid-day trading on Friday, hitting $127.15. The company had a trading volume of 2,211,265 shares, compared to its average volume of 3,188,558. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business’s fifty day moving average is $124.79 and its two-hundred day moving average is $123.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market cap of $73.07 billion, a P/E ratio of 9.96, a P/E/G ratio of 2.20 and a beta of 1.30.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the firm posted $2.69 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 12.1 earnings per share for the current year.

EOG Resources Announces Dividend

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 given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

EOG has been the subject of several analyst reports. Barclays initiated coverage on EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. Bank of America restated a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. Sanford C. Bernstein cut their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Finally, Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $143.20.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. 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. Insiders have sold a total of 16,512 shares of company stock valued at $2,144,972 over the last 90 days. 0.30% of the stock is owned by company insiders.

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.