EOG Resources, Inc. $EOG Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 11.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 29,681 shares of the energy exploration company’s stock after selling 3,847 shares during the quarter. Compass Wealth Management LLC’s holdings in EOG Resources were worth $4,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EOG. Summitry LLC increased its stake in EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 73 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in EOG Resources by 2.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,762 shares of the energy exploration company’s stock worth $381,000 after buying an additional 76 shares during the period. Twin Capital Management Inc. raised its holdings in EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after buying an additional 79 shares during the period. Sax Wealth Advisors LLC raised its holdings in EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after buying an additional 79 shares during the period. Finally, Paladin Wealth LLC lifted its stake in EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock valued at $207,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the sale, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This trade represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,317 shares of company stock worth $7,823,480 in the last 90 days. Company insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $157.79 on Friday. The company has a market capitalization of $82.76 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.56 and a beta of 0.36. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $160.31. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $147.21 and its 200-day simple moving average is $140.65.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the business earned $2.32 EPS. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, sell-side analysts predict that EOG Resources, Inc. will post 17.48 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

Analyst Ratings Changes

Several brokerages have commented on EOG. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research report on Wednesday, August 26th. Mizuho set a $165.00 price target on shares of EOG Resources in a report on Thursday, October 15th. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $161.24.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.