EOG Resources, Inc. (NYSE:EOG) Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,927 shares of the energy exploration company’s stock after selling 865 shares during the quarter. Princeton Global Asset Management LLC’s holdings in EOG Resources were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $28,000. Finally, Heritage Wealth Advisors increased its holdings in EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on EOG. Barclays upped their price target on EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, June 2nd. Piper Sandler decreased their target price on EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. KeyCorp cut their price target on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, UBS Group reissued a “buy” rating and issued a $140.00 price objective (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $139.58.

EOG Resources Stock Up 2.6%

EOG opened at $113.93 on Friday. The firm has a market cap of $62.18 billion, a P/E ratio of 9.17, a PEG ratio of 3.58 and a beta of 0.74. The business’s fifty day simple moving average is $111.51 and its 200 day simple moving average is $122.42. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period in the prior year, the firm earned $2.82 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $1.02 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.58%. EOG Resources’s dividend payout ratio is presently 36.18%.

EOG Resources Company Profile

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.