EOG Resources, Inc. $EOG Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 39.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,062 shares of the energy exploration company’s stock after selling 119,304 shares during the period. Corient Private Wealth LP’s holdings in EOG Resources were worth $23,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the 4th quarter worth about $25,000. SJS Investment Consulting Inc. raised its holdings in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $26,000. Nemes Rush Group LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners purchased a new position in shares of EOG Resources in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

EOG Resources Trading Down 0.7%

Shares of EOG opened at $143.53 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm has a 50-day moving average price of $140.20 and a 200 day moving average price of $136.19. The firm has a market capitalization of $75.29 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup reiterated a “neutral” rating and set a $150.00 price target (up from $141.00) on shares of EOG Resources in a research report on Thursday. Sanford C. Bernstein lowered their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $156.33.

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.