EOG Resources, Inc. (NYSE:EOG) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,286 shares of the energy exploration company’s stock after selling 2,329 shares during the period. Capital Group Private Client Services Inc.’s holdings in EOG Resources were worth $3,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC bought a new stake in EOG Resources during the first quarter worth approximately $243,000. Cadence Bank raised its stake in EOG Resources by 0.9% during the 1st quarter. Cadence Bank now owns 85,390 shares of the energy exploration company’s stock valued at $10,916,000 after purchasing an additional 757 shares during the period. Advisors Asset Management Inc. raised its stake in EOG Resources by 3.8% during the 1st quarter. Advisors Asset Management Inc. now owns 29,899 shares of the energy exploration company’s stock valued at $3,822,000 after purchasing an additional 1,092 shares during the period. Axxcess Wealth Management LLC raised its stake in EOG Resources by 19.5% during the 1st quarter. Axxcess Wealth Management LLC now owns 18,132 shares of the energy exploration company’s stock valued at $2,318,000 after purchasing an additional 2,960 shares during the period. Finally, Freestone Capital Holdings LLC raised its stake in EOG Resources by 13.7% during 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 purchasing an additional 2,840 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Truist Financial cut their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday. Stifel Nicolaus cut their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Scotiabank cut their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Wolfe Research started coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.20.

EOG Resources Stock Performance

Shares of NYSE:EOG traded up $0.16 during midday trading on Friday, hitting $127.20. The company’s stock had a trading volume of 2,214,272 shares, compared to its average volume of 3,188,579. The stock has a market capitalization of $73.10 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 2.20 and a beta of 1.30. The stock’s 50 day simple moving average is $124.73 and its 200 day simple moving average is $123.29. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. 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 issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) 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 company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the business posted $2.69 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources, Inc. will post 12.1 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors 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 2.86%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is presently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were 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 owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s 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 transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,512 shares of company stock worth $2,144,972. Company insiders own 0.30% of the company’s stock.

About EOG Resources

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.