Richardson Financial Services Inc. Sells 301 Shares of EOG Resources, Inc. (NYSE:EOG)

Richardson Financial Services Inc. lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,946 shares of the energy exploration company’s stock after selling 301 shares during the quarter. Richardson Financial Services Inc.’s holdings in EOG Resources were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EOG. Riverview Trust Co acquired a new position in shares of EOG Resources during the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the second quarter worth approximately $28,000. Gladius Capital Management LP acquired a new stake in EOG Resources during the second quarter worth approximately $30,000. Sachetta LLC bought a new position in EOG Resources during the 4th quarter worth $33,000. Finally, Triad Wealth Partners LLC acquired a new position in EOG Resources in the 2nd quarter valued at $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 1.0 %

Shares of NYSE:EOG opened at $124.38 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 quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market cap of $71.48 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.95 and a beta of 1.28. The business has a fifty day simple moving average of $125.76 and a 200 day simple moving average of $126.42.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion during 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 earnings per share. Analysts predict that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The business 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

Analysts Set New Price Targets

EOG has been the topic of a number of recent analyst reports. Truist Financial decreased their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Citigroup boosted their target price on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. KeyCorp initiated coverage on shares of EOG Resources in a report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target for the company. Susquehanna lowered their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Finally, StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday. 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 stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $142.89.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

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.