EOG Resources, Inc. (NYSE:EOG) Shares Sold by Lavaca Capital LLC

Lavaca Capital LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 44.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,272 shares of the energy exploration company’s stock after selling 4,973 shares during the period. Lavaca Capital LLC’s holdings in EOG Resources were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in EOG Resources during the fourth quarter worth $5,443,000. Artisan Partners Limited Partnership increased its position in shares of EOG Resources by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock worth $119,868,000 after purchasing an additional 22,638 shares during the last quarter. DRW Securities LLC raised its holdings in EOG Resources by 871.7% in the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock valued at $2,527,000 after buying an additional 18,741 shares during the period. UniSuper Management Pty Ltd lifted its position in EOG Resources by 228.4% in the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after buying an additional 10,868 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC purchased a new position in EOG Resources during the first quarter worth about $1,217,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The stock was 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 in the company, valued at $9,615,375. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 over the last three months. 0.30% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of EOG opened at $126.03 on Friday. The firm has a market capitalization of $72.43 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 2.95 and a beta of 1.28. The firm’s fifty day simple moving average is $125.65 and its 200-day simple moving average is $126.56. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm 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 2.89%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Analysts Set New Price Targets

EOG has been the topic of a number of research analyst reports. KeyCorp assumed coverage on shares of EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. 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 note on Monday, July 22nd. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Finally, Susquehanna lowered their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $142.89.

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.