Ameritas Investment Partners Inc. Sells 155 Shares of EOG Resources, Inc. (NYSE:EOG)

Ameritas Investment Partners Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 1.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,325 shares of the energy exploration company’s stock after selling 155 shares during the period. Ameritas Investment Partners Inc.’s holdings in EOG Resources were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Davis R M Inc. bought a new position in shares of EOG Resources in the first quarter valued at about $201,000. Resurgent Financial Advisors LLC increased its position in EOG Resources by 10.7% during the first quarter. Resurgent Financial Advisors LLC now owns 2,247 shares of the energy exploration company’s stock worth $287,000 after acquiring an additional 218 shares during the period. Covestor Ltd increased its position in EOG Resources by 8.4% during the first quarter. Covestor Ltd now owns 1,270 shares of the energy exploration company’s stock worth $162,000 after acquiring an additional 98 shares during the period. Catalytic Wealth RIA LLC increased its position in EOG Resources by 45.6% during the first quarter. Catalytic Wealth RIA LLC now owns 2,445 shares of the energy exploration company’s stock worth $313,000 after acquiring an additional 766 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in EOG Resources by 3.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 50,755 shares of the energy exploration company’s stock worth $6,489,000 after acquiring an additional 1,806 shares during the period. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EOG. Barclays began coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target on the stock. KeyCorp started coverage on shares of EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target on the stock. Sanford C. Bernstein reduced their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley increased their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Stifel Nicolaus reduced their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $143.20.

EOG Resources Price Performance

Shares of EOG traded down $2.02 during mid-day trading on Tuesday, reaching $124.90. The company had a trading volume of 3,676,607 shares, compared to its average volume of 3,209,174. The company’s 50 day simple moving average is $124.98 and its 200 day simple moving average is $123.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a market capitalization of $71.78 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 1.77 and a beta of 1.30.

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

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.91%. EOG Resources’s payout ratio is 28.75%.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction 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 completion of the sale, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by insiders.

EOG Resources 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.