Hudson Edge Investment Partners Inc. Sells 8,571 Shares of EOG Resources, Inc. (NYSE:EOG)

Hudson Edge Investment Partners Inc. trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,996 shares of the energy exploration company’s stock after selling 8,571 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in EOG Resources were worth $5,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ballentine Partners LLC increased its position in EOG Resources by 13.0% during the second quarter. Ballentine Partners LLC now owns 3,450 shares of the energy exploration company’s stock valued at $434,000 after acquiring an additional 396 shares during the last quarter. MRA Advisory Group purchased a new position in shares of EOG Resources during the 2nd quarter worth about $319,000. Caprock Group LLC grew its holdings in EOG Resources by 241.5% during the 2nd quarter. Caprock Group LLC now owns 11,250 shares of the energy exploration company’s stock valued at $1,416,000 after purchasing an additional 7,956 shares during the last quarter. Kerusso Capital Management LLC purchased a new stake in EOG Resources in the 2nd quarter worth about $2,549,000. Finally, Acadian Asset Management LLC bought a new stake in EOG Resources in the second quarter worth about $2,251,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.0 %

EOG traded down $1.20 on Friday, hitting $120.35. The company had a trading volume of 3,144,135 shares, compared to its average volume of 3,138,585. The stock has a market capitalization of $69.17 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 3.22 and a beta of 1.28. 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 stock has a fifty day moving average price of $126.66 and a 200-day moving average price of $126.08. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

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

EOG Resources Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend 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 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upped their target price on EOG Resources from $166.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Sanford C. Bernstein reduced their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Truist Financial lowered their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Scotiabank reduced their price target on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Mizuho boosted their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.95.

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.