EOG Resources, Inc. (NYSE:EOG) Position Lessened by Viking Fund Management LLC

Viking Fund Management LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 55.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,000 shares of the energy exploration company’s stock after selling 22,000 shares during the quarter. Viking Fund Management LLC’s holdings in EOG Resources were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of EOG. Janiczek Wealth Management LLC raised its holdings in shares of EOG Resources by 22.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 5,317 shares of the energy exploration company’s stock worth $680,000 after purchasing an additional 960 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of EOG Resources in the first quarter worth $202,000. DGS Capital Management LLC acquired a new stake in shares of EOG Resources in the first quarter valued at about $324,000. Aspiriant LLC grew its stake in shares of EOG Resources by 6.9% in the first quarter. Aspiriant LLC now owns 1,868 shares of the energy exploration company’s stock worth $239,000 after acquiring an additional 120 shares during the last quarter. Finally, G&S Capital LLC raised its position in shares of EOG Resources by 2.2% during the first quarter. G&S Capital LLC now owns 4,673 shares of the energy exploration company’s stock valued at $597,000 after buying an additional 102 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.16 during trading on Thursday, hitting $124.42. 949,665 shares of the stock traded hands, compared to its average volume of 3,274,549. The stock has a market cap of $71.51 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.74 and a beta of 1.32. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $107.99 and a 52 week high of $139.67. The firm’s fifty day moving average is $126.56 and its 200-day moving average is $122.32.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the firm posted $2.69 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 12.02 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares in the company, valued at $5,079,753.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. KeyCorp initiated coverage on EOG Resources in a research note on Thursday. They set an “overweight” rating and a $157.00 price objective on the stock. Finally, Bank of America reissued a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.19.

About EOG Resources

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.