EOG Resources, Inc. $EOG Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 54.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,989 shares of the energy exploration company’s stock after selling 3,591 shares during the period. Hilltop Holdings Inc.’s holdings in EOG Resources were worth $432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in shares of EOG Resources by 0.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 252,879 shares of the energy exploration company’s stock worth $36,559,000 after acquiring an additional 1,167 shares in the last quarter. Compound Planning Inc. raised its stake in EOG Resources by 8.1% during the 1st quarter. Compound Planning Inc. now owns 7,873 shares of the energy exploration company’s stock worth $1,138,000 after acquiring an additional 590 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in EOG Resources in the first quarter valued at $222,000. Arrowstreet Capital Limited Partnership boosted its stake in EOG Resources by 898.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after acquiring an additional 1,278,555 shares in the last quarter. Finally, Oak Associates Ltd. OH purchased a new position in shares of EOG Resources during the first quarter worth about $6,808,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $140.31 on Tuesday. The stock has a fifty day moving average price of $136.70 and a 200 day moving average price of $130.32. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The company has a market cap of $74.73 billion, a PE ratio of 13.81 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.87 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 16.16 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s payout ratio is presently 40.16%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley decreased their target price on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Roth Capital reaffirmed a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a report on Wednesday, May 6th. BMO Capital Markets increased their price target on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Finally, Raymond James Financial lowered their price objective on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.32.

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.