LS Investment Advisors LLC Sells 272 Shares of EOG Resources, Inc. (NYSE:EOG)

LS Investment Advisors LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,067 shares of the energy exploration company’s stock after selling 272 shares during the period. LS Investment Advisors LLC’s holdings in EOG Resources were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Wright Investors Service Inc. raised its stake in EOG Resources by 0.8% during the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after purchasing an additional 80 shares during the period. CVA Family Office LLC lifted its holdings in EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after acquiring an additional 81 shares during the last quarter. Bailard Inc. grew its position in EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after acquiring an additional 81 shares during the period. Field & Main Bank increased its stake in EOG Resources by 1.4% during the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after acquiring an additional 83 shares during the last quarter. Finally, PDS Planning Inc raised its position in EOG Resources by 4.1% in the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after purchasing an additional 84 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 1.1 %

Shares of NYSE EOG traded down $1.48 during midday trading on Tuesday, reaching $128.58. 2,150,792 shares of the stock were exchanged, compared to its average volume of 3,147,308. The stock has a 50 day moving average price of $126.18 and a 200-day moving average price of $125.33. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $73.90 billion, a P/E ratio of 10.15, a P/E/G ratio of 2.15 and a beta of 1.30. 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 earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the previous year, the company earned $2.49 EPS. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts expect that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EOG. Scotiabank cut their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Sanford C. Bernstein dropped their price objective 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. Bank of America reissued a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Finally, Susquehanna boosted their price target on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Thirteen equities 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 stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $144.15.

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.