MONECO Advisors LLC Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

MONECO Advisors LLC lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,694 shares of the energy exploration company’s stock after selling 201 shares during the quarter. MONECO Advisors LLC’s holdings in EOG Resources were worth $205,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EOG. Kestra Advisory Services LLC increased its position in EOG Resources by 30.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 43,506 shares of the energy exploration company’s stock valued at $5,515,000 after buying an additional 10,098 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in EOG Resources during the third quarter worth about $4,431,000. Mirabella Financial Services LLP acquired a new stake in EOG Resources during the third quarter worth about $375,000. Glenview Trust co grew its holdings in EOG Resources by 4.5% during the third quarter. Glenview Trust co now owns 5,334 shares of the energy exploration company’s stock worth $676,000 after acquiring an additional 230 shares during the period. Finally, PAX Financial Group LLC grew its holdings in EOG Resources by 4.4% during the third quarter. PAX Financial Group LLC now owns 3,254 shares of the energy exploration company’s stock worth $412,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several research analyst reports. Citigroup raised their price objective on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. KeyCorp raised their price objective on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Morgan Stanley raised their price objective on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective on the stock. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $143.19.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was 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 directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock valued at $2,144,972 in the last three months. 0.20% of the stock is owned by corporate insiders.

EOG Resources Trading Up 0.7 %

EOG opened at $119.08 on Tuesday. EOG Resources, Inc. has a 12 month low of $106.34 and a 12 month high of $139.67. The stock has a market capitalization of $68.44 billion, a price-to-earnings ratio of 9.41 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The business has a fifty day moving average price of $128.30 and a 200 day moving average price of $122.25.

EOG Resources (NYSE:EOG) last released 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 return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the firm posted $2.69 EPS. EOG Resources’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts expect that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 3.06%. EOG Resources’s payout ratio is 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.