Evexia Wealth LLC Trims Stake in EOG Resources, Inc. (NYSE:EOG)

Evexia Wealth LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 0.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,735 shares of the energy exploration company’s stock after selling 125 shares during the quarter. EOG Resources makes up about 1.5% of Evexia Wealth LLC’s holdings, making the stock its 24th biggest position. Evexia Wealth LLC’s holdings in EOG Resources were worth $4,070,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. SeaCrest Wealth Management LLC lifted its stake in shares of EOG Resources by 14.3% during the 1st quarter. SeaCrest Wealth Management LLC now owns 2,103 shares of the energy exploration company’s stock worth $270,000 after purchasing an additional 263 shares during the period. Procyon Advisors LLC lifted its stake in shares of EOG Resources by 325.0% during the 1st quarter. Procyon Advisors LLC now owns 8,185 shares of the energy exploration company’s stock worth $1,050,000 after purchasing an additional 6,259 shares during the period. Affinity Wealth Management LLC lifted its stake in shares of EOG Resources by 1.5% during the 1st quarter. Affinity Wealth Management LLC now owns 27,779 shares of the energy exploration company’s stock worth $3,562,000 after purchasing an additional 421 shares during the period. Generali Investments Management Co LLC lifted its stake in shares of EOG Resources by 148.0% during the 1st quarter. Generali Investments Management Co LLC now owns 17,158 shares of the energy exploration company’s stock worth $2,200,000 after purchasing an additional 10,240 shares during the period. Finally, Breakwater Capital Group lifted its stake in shares of EOG Resources by 10.1% during the 1st quarter. Breakwater Capital Group now owns 2,497 shares of the energy exploration company’s stock worth $320,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 2.6%

NYSE:EOG opened at $113.93 on Friday. The business’s 50-day moving average is $111.51 and its two-hundred day moving average is $122.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a market capitalization of $62.18 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

EOG Resources (NYSE:EOG) last announced its earnings results 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 company had revenue of $5.84 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.58%. EOG Resources’s dividend payout ratio (DPR) is currently 36.18%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EOG. Raymond James increased their price target on EOG Resources from $148.00 to $158.00 and gave the stock a “strong-buy” rating in a research note on Monday, June 2nd. Barclays increased their price target on EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, June 2nd. Citigroup reduced their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company cut their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America cut their target price on EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and an average price target of $139.58.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.