EOG Resources, Inc. (NYSE:EOG) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 52.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,238 shares of the energy exploration company’s stock after selling 43,901 shares during the period. Oxbow Advisors LLC’s holdings in EOG Resources were worth $4,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after buying an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares during the period. Capital International Investors grew its stake in shares of EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after purchasing an additional 766,056 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of EOG Resources by 1.3% during the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of EOG Resources by 237.9% during the second quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company’s stock valued at $61,741,000 after purchasing an additional 343,527 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.0 %

Shares of NYSE:EOG traded down $1.20 during mid-day trading on Friday, hitting $120.35. The stock had a trading volume of 3,144,135 shares, compared to its average volume of 3,138,585. The company’s 50 day moving average is $126.66 and its 200-day moving average is $125.99. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market cap of $69.17 billion, a PE ratio of 9.51, a P/E/G ratio of 3.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.49 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analyst Weigh In

Several research firms have commented on EOG. 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. KeyCorp initiated coverage on shares of EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective on the stock. Scotiabank cut their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Truist Financial lowered their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Susquehanna cut their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $143.95.

Insider Transactions at EOG Resources

In related 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 sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 over the last three months. 0.30% of the stock is owned by corporate insiders.

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.