Edgestream Partners L.P. Sells 250 Shares of EOG Resources, Inc. (NYSE:EOG)

Edgestream Partners L.P. lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,983 shares of the energy exploration company’s stock after selling 250 shares during the quarter. Edgestream Partners L.P.’s holdings in EOG Resources were worth $4,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC raised its holdings in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares in the last quarter. Sachetta LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at about $33,000. Keener Financial Planning LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at about $36,000. Norwood Financial Corp purchased a new stake in shares of EOG Resources in the 1st quarter valued at about $37,000. Finally, LifeSteps Financial Inc. purchased a new stake in shares of EOG Resources in the 1st quarter valued at about $38,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent analyst reports. Truist Financial lowered their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday. Stifel Nicolaus decreased their price objective on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Scotiabank decreased their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Sanford C. Bernstein decreased their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Fifteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.20.

Insider Transactions at EOG Resources

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by insiders.

EOG Resources Trading Down 1.8 %

Shares of EOG stock traded down $2.33 during trading hours on Monday, reaching $126.92. The company’s stock had a trading volume of 2,087,648 shares, compared to its average volume of 3,205,811. The stock has a market capitalization of $72.94 billion, a P/E ratio of 10.12, a P/E/G ratio of 1.78 and a beta of 1.30. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm’s fifty day simple moving average is $125.03 and its 200 day simple moving average is $123.11. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $2.69 EPS. Equities research analysts expect that EOG Resources, Inc. will post 12.18 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. EOG Resources’s dividend payout ratio is currently 28.75%.

About EOG Resources

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.