TrueMark Investments LLC Sells 6,828 Shares of EOG Resources, Inc. (NYSE:EOG)

TrueMark Investments LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 29.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,082 shares of the energy exploration company’s stock after selling 6,828 shares during the period. EOG Resources comprises approximately 1.9% of TrueMark Investments LLC’s investment portfolio, making the stock its 22nd biggest position. TrueMark Investments LLC’s holdings in EOG Resources were worth $2,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Federated Hermes Inc. lifted its stake in EOG Resources by 3.1% during the third quarter. Federated Hermes Inc. now owns 9,812 shares of the energy exploration company’s stock worth $1,244,000 after purchasing an additional 292 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of EOG Resources by 103.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,298 shares of the energy exploration company’s stock worth $291,000 after buying an additional 1,171 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of EOG Resources during the third quarter worth $53,000. O Shaughnessy Asset Management LLC increased its holdings in shares of EOG Resources by 5.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 89,920 shares of the energy exploration company’s stock worth $11,398,000 after buying an additional 4,931 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of EOG Resources by 7.5% during the third quarter. Mather Group LLC. now owns 10,276 shares of the energy exploration company’s stock worth $1,303,000 after buying an additional 720 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other EOG Resources 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 transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of 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 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports 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 price target for the company. Citigroup increased their price objective on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a report on Tuesday, April 9th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Finally, Mizuho increased their price objective on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Thirteen equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.19.

EOG Resources Stock Up 0.2 %

NYSE EOG traded up $0.24 during trading hours on Tuesday, hitting $125.54. The company’s stock had a trading volume of 1,965,309 shares, compared to its average volume of 3,301,837. EOG Resources, Inc. has a 52 week low of $106.77 and a 52 week high of $139.67. The company has a market capitalization of $72.15 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32. 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’s 50-day simple moving average is $126.72 and its two-hundred day simple moving average is $122.31.

EOG Resources (NYSE:EOG) last announced its quarterly 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 net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter last year, the firm earned $2.69 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.90%. EOG Resources’s payout ratio is 28.75%.

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.