Diversified Trust Co Sells 1,698 Shares of EOG Resources, Inc. (NYSE:EOG)

Diversified Trust Co cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 32.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,544 shares of the energy exploration company’s stock after selling 1,698 shares during the quarter. Diversified Trust Co’s holdings in EOG Resources were worth $453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its holdings in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 530.0% during 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 during the period. Sachetta LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $33,000. Hall Laurie J Trustee bought a new stake in shares of EOG Resources in the fourth quarter worth approximately $36,000. Finally, Keener Financial Planning LLC bought a new stake in shares of EOG Resources in the fourth quarter worth approximately $36,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EOG. Piper Sandler raised their target price on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Barclays started coverage on EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Susquehanna raised their target price on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Finally, Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and cut their price target for the company from $163.00 to $136.00 in a research note on Thursday, May 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.19.

Insider Activity

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares in the company, valued at $5,079,753.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’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 sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. 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 90 days. Corporate insiders own 0.20% of the company’s stock.

EOG Resources Stock Up 0.1 %

NYSE EOG opened at $126.78 on Thursday. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock has a market cap of $72.86 billion, a PE ratio of 10.01, a P/E/G ratio of 1.75 and a beta of 1.30. The stock’s 50 day moving average is $125.96 and its 200 day moving average is $122.53.

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. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.69 earnings per share. Research analysts predict that EOG Resources, Inc. will post 12.06 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

EOG Resources Company 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.