Natixis Advisors LLC Sells 50,004 Shares of EOG Resources, Inc. $EOG

Natixis Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 10.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 415,397 shares of the energy exploration company’s stock after selling 50,004 shares during the period. Natixis Advisors LLC’s holdings in EOG Resources were worth $43,621,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Olistico Wealth LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at about $33,000. Physician Wealth Advisors Inc. raised its stake in EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after buying an additional 170 shares during the period. Laurel Wealth Advisors LLC acquired a new position in EOG Resources during the 4th quarter worth approximately $38,000. City Holding Co. increased its holdings in EOG Resources by 469.2% during the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 305 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in EOG Resources by 3,790.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock worth $47,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 2.2%

NYSE:EOG opened at $141.68 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a market cap of $75.46 billion, a P/E ratio of 13.94 and a beta of 0.25. The stock’s fifty day moving average price is $138.01 and its two-hundred day moving average price is $122.49.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the business posted $2.87 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,456 shares of company stock worth $1,788,033 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on EOG. Roth Mkm reaffirmed a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a report on Wednesday, May 6th. UBS Group upped their target price on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. BMO Capital Markets upped their target price on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Royal Bank Of Canada upped their target price on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $156.32.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.