YHB Investment Advisors Inc. Reduces Holdings in EOG Resources, Inc. (NYSE:EOG)

YHB Investment Advisors Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,332 shares of the energy exploration company’s stock after selling 125 shares during the period. YHB Investment Advisors Inc.’s holdings in EOG Resources were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in EOG. Northwest Investment Counselors LLC purchased a new stake in shares of EOG Resources in the 3rd quarter valued at about $26,000. Riverview Trust Co purchased a new stake in EOG Resources in the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter valued at approximately $28,000. Eastern Bank purchased a new position in shares of EOG Resources during the third quarter worth approximately $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of EOG Resources in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock worth $2,751,612 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of recent research reports. Sanford C. Bernstein decreased their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company dropped their price target on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Truist Financial lowered their target price on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, UBS Group dropped their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.20.

EOG Resources Stock Down 0.2 %

EOG stock opened at $124.43 on Friday. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week 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. The company has a market cap of $71.51 billion, a P/E ratio of 9.83, a P/E/G ratio of 3.38 and a beta of 1.28. The company’s 50-day moving average price is $126.12 and its 200 day moving average price is $126.91.

EOG Resources (NYSE:EOG) last released its quarterly 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. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the prior year, the firm posted $2.49 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, October 17th. 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.