Xponance Inc. Sells 2,188 Shares of EOG Resources, Inc. (NYSE:EOG)

Xponance Inc. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,212 shares of the energy exploration company’s stock after selling 2,188 shares during the period. Xponance Inc.’s holdings in EOG Resources were worth $11,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in EOG Resources by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock worth $6,938,635,000 after acquiring an additional 146,674 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of EOG Resources by 1.3% in the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. Capital World Investors raised its stake in shares of EOG Resources by 5.4% in the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock worth $3,423,869,000 after purchasing an additional 1,361,538 shares during the last quarter. Capital International Investors lifted its holdings in shares of EOG Resources by 7.1% during the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after purchasing an additional 766,056 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after buying an additional 1,029,727 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s 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 completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock worth $2,751,612 in the last 90 days. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $127.74 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The firm’s fifty day simple moving average is $125.55 and its 200-day simple moving average is $126.70. The stock has a market cap of $73.41 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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 analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $2.49 EPS. Analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.85%. EOG Resources’s dividend payout ratio is presently 28.75%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EOG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Piper Sandler dropped their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Truist Financial reduced their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Wolfe Research initiated coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Susquehanna reduced 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. Fourteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $142.89.

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.