EOG Resources, Inc. (NYSE:EOG) Stock Holdings Trimmed by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its position in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 402,474 shares of the energy exploration company’s stock after selling 5,169 shares during the period. King Luther Capital Management Corp owned approximately 0.07% of EOG Resources worth $50,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Riverview Trust Co bought a new stake in shares of EOG Resources in the 2nd quarter worth $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources during the second quarter valued at $28,000. Gladius Capital Management LP purchased a new position in shares of EOG Resources during the second quarter valued at $30,000. Sachetta LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in EOG Resources during the second quarter valued at $35,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.7 %

NYSE:EOG opened at $125.20 on Friday. The stock’s fifty day moving average price is $125.70 and its two-hundred day moving average price is $126.42. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. 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 company has a market cap of $71.95 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 2.95 and a beta of 1.28.

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

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. EOG Resources’s dividend payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. Truist Financial reduced their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Scotiabank cut their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Fourteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $142.89.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was 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 owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 in the last three months. Insiders own 0.30% of the company’s stock.

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.