PFG Advisors Trims Position in EOG Resources, Inc. (NYSE:EOG)

PFG Advisors trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,614 shares of the energy exploration company’s stock after selling 170 shares during the period. PFG Advisors’ holdings in EOG Resources were worth $1,588,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BOKF NA boosted its holdings in EOG Resources by 2.4% in the second quarter. BOKF NA now owns 24,071 shares of the energy exploration company’s stock valued at $3,030,000 after purchasing an additional 567 shares during the last quarter. Cornercap Investment Counsel Inc. grew its holdings in EOG Resources by 231.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 23,328 shares of the energy exploration company’s stock worth $2,936,000 after acquiring an additional 16,287 shares during the period. American Century Companies Inc. raised its position in EOG Resources by 3.8% during the second quarter. American Century Companies Inc. now owns 2,881,587 shares of the energy exploration company’s stock valued at $362,705,000 after acquiring an additional 104,766 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in EOG Resources in the second quarter valued at approximately $503,000. Finally, LPL Financial LLC boosted its position in EOG Resources by 12.2% in the 2nd quarter. LPL Financial LLC now owns 394,327 shares of the energy exploration company’s stock worth $49,634,000 after purchasing an additional 42,982 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 0.3 %

Shares of NYSE EOG opened at $118.23 on Friday. The stock has a market cap of $67.95 billion, a PE ratio of 9.34, a P/E/G ratio of 3.01 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a 50-day moving average of $126.04 and a 200 day moving average of $126.12.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the business earned $2.49 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that EOG Resources, Inc. will post 12.2 EPS for the current fiscal 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 issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.08%. EOG Resources’s dividend payout ratio is presently 28.75%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Piper Sandler dropped their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Scotiabank reduced their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Finally, Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Thirteen 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $143.63.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by insiders.

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.