Middleton & Co. Inc. MA Sells 2,960 Shares of EOG Resources, Inc. (NYSE:EOG)

Middleton & Co. Inc. MA trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,658 shares of the energy exploration company’s stock after selling 2,960 shares during the period. Middleton & Co. Inc. MA’s holdings in EOG Resources were worth $1,971,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wright Investors Service Inc. lifted its stake in shares of EOG Resources by 0.8% during the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after acquiring an additional 80 shares during the last quarter. CVA Family Office LLC grew its holdings in shares of EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 81 shares during the last quarter. Bailard Inc. increased its stake in EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after buying an additional 81 shares during the period. Field & Main Bank lifted its holdings in EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after buying an additional 83 shares in the last quarter. Finally, PDS Planning Inc boosted its position in EOG Resources by 4.1% in the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after buying an additional 84 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group dropped their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America restated a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Truist Financial lowered their price objective on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Scotiabank cut their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, KeyCorp began coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target for the company. Fourteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $142.89.

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by company insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $124.38 on Thursday. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a market cap of $71.48 billion, a PE ratio of 9.82, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The business has a 50-day simple moving average of $125.76 and a two-hundred day simple moving average of $126.42.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 EPS. As a group, equities analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.93%. EOG Resources’s dividend payout ratio (DPR) is 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.