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

LexAurum Advisors LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 29.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,577 shares of the energy exploration company’s stock after selling 654 shares during the quarter. LexAurum Advisors LLC’s holdings in EOG Resources were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EOG. V Square Quantitative Management LLC purchased a new position in EOG Resources during the 3rd quarter worth $197,000. Mariner LLC raised its stake in EOG Resources by 5.3% during the 3rd quarter. Mariner LLC now owns 99,744 shares of the energy exploration company’s stock valued at $12,644,000 after acquiring an additional 5,030 shares during the last quarter. Federated Hermes Inc. lifted its position in EOG Resources by 3.1% during the 3rd quarter. Federated Hermes Inc. now owns 9,812 shares of the energy exploration company’s stock worth $1,244,000 after acquiring an additional 292 shares during the period. Northern Trust Corp grew its stake in shares of EOG Resources by 3.1% in the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock valued at $793,607,000 after purchasing an additional 185,882 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of EOG Resources by 103.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,298 shares of the energy exploration company’s stock valued at $291,000 after purchasing an additional 1,171 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related 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 sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the firm’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 completion of the sale, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Up 0.0 %

Shares of EOG Resources stock opened at $122.05 on Friday. EOG Resources, Inc. has a 1 year low of $106.34 and a 1 year high of $139.67. 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 50 day moving average price of $127.01 and a 200 day moving average price of $122.19. The company has a market capitalization of $70.14 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.69 and a beta of 1.32.

EOG Resources (NYSE:EOG) last released its quarterly earnings results 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 company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 earnings per share. Sell-side analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal 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 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 dividend yield of 2.98%. EOG Resources’s dividend payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EOG shares. Morgan Stanley lifted their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Bank of America reiterated a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Citigroup boosted their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Finally, Barclays initiated coverage on EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target for the company. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.19.

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.