EOG Resources, Inc. (NYSE:EOG) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,030 shares of the energy exploration company’s stock after selling 500 shares during the period. Hennessy Advisors Inc.’s holdings in EOG Resources were worth $3,780,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in EOG Resources during the second quarter worth $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at about $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the second quarter valued at about $30,000. Sachetta LLC purchased a new position in EOG Resources during the fourth quarter worth about $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the second quarter valued at about $35,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EOG. Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Truist Financial cut their price objective on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Mizuho raised their target price on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Susquehanna raised their target price on EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a report on Monday, August 5th. Fourteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $144.15.

EOG Resources Trading Up 0.2 %

EOG opened at $125.22 on Friday. The firm has a market cap of $71.97 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth 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. The business’s 50 day moving average is $125.79 and its two-hundred day moving average is $124.91. 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 (NYSE:EOG) last released its quarterly 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 return on equity of 25.65% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts predict that EOG Resources, Inc. will post 12.13 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

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.