EOG Resources, Inc. $EOG Shares Sold by Riverstone Advisors LLC

Riverstone Advisors LLC cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,233 shares of the energy exploration company’s stock after selling 957 shares during the quarter. EOG Resources accounts for approximately 0.4% of Riverstone Advisors LLC’s holdings, making the stock its 24th biggest position. Riverstone Advisors LLC’s holdings in EOG Resources were worth $746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in EOG Resources in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 219 shares in the last quarter. Saudi Central Bank acquired a new position in shares of EOG Resources during the first quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new position in EOG Resources during the second quarter worth about $29,000. Finally, ORG Partners LLC raised its holdings in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $106.98 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $109.93 and its 200 day moving average price is $115.33. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The stock has a market cap of $58.05 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.89 earnings per share. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. EOG Resources’s dividend payout ratio is presently 40.64%.

Analyst Ratings Changes

EOG has been the topic of a number of analyst reports. UBS Group lifted their price objective on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Scotiabank reaffirmed a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. Wolfe Research cut their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Finally, KeyCorp lowered their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $140.33.

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.