Quadcap Wealth Management LLC Cuts Position in EOG Resources, Inc. (NYSE:EOG)

Quadcap Wealth Management LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,171 shares of the energy exploration company’s stock after selling 105 shares during the quarter. Quadcap Wealth Management LLC’s holdings in EOG Resources were worth $1,002,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners purchased a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd increased its position in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. Susquehanna dropped their price target on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Raymond James reiterated a “strong-buy” rating and set a $140.00 price objective on shares of EOG Resources in a research report on Monday, April 21st. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, UBS Group dropped their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and an average price target of $140.63.

EOG Resources Stock Up 0.2%

Shares of NYSE:EOG opened at $115.79 on Friday. The firm has a market cap of $63.20 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $116.02 and its two-hundred day moving average price is $124.31.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 EPS. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s dividend payout ratio is currently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.