Legacy Capital Group California Inc. Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

Legacy Capital Group California Inc. cut its position in EOG Resources, Inc. (NYSE:EOG) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,640 shares of the energy exploration company’s stock after selling 144 shares during the quarter. Legacy Capital Group California Inc.’s holdings in EOG Resources were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

EOG Resources Stock Down 1.0 %

Shares of NYSE EOG opened at $123.17 on Friday. The stock has a market cap of $70.79 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The business has a 50-day moving average price of $126.05 and a 200 day moving average price of $126.90. 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 (NYSE:EOG) last announced its quarterly earnings data 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 analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed 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 dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 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 through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction 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 $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock valued at $2,751,612 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays reduced their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Morgan Stanley dropped their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Wells Fargo & Company cut their price objective on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Piper Sandler reduced their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Finally, Wolfe Research started coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $141.20.

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.