Geneos Wealth Management Inc. Sells 5,955 Shares of EOG Resources, Inc. $EOG

Geneos Wealth Management Inc. lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 10.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 51,219 shares of the energy exploration company’s stock after selling 5,955 shares during the quarter. Geneos Wealth Management Inc.’s holdings in EOG Resources were worth $7,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EOG. Sivia Capital Partners LLC acquired a new stake in EOG Resources during the second quarter worth $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources in the 2nd quarter valued at $349,000. Gamco Investors INC. ET AL lifted its holdings in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after acquiring an additional 4,485 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after acquiring an additional 444 shares during the period. Finally, Sei Investments Co. boosted its position in shares of EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.7%

Shares of EOG opened at $138.41 on Friday. The company has a market capitalization of $73.72 billion, a P/E ratio of 13.62 and a beta of 0.25. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The business’s 50 day simple moving average is $135.72 and its 200-day simple moving average is $128.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm posted $2.87 EPS. The business’s revenue was up 22.1% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EOG shares. Williams Trading set a $177.00 target price on shares of EOG Resources in a research note on Monday, April 20th. Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group decreased their price objective on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Morgan Stanley lowered their price objective on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Finally, Truist Financial dropped their target price on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.04.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.