Cullen Capital Management LLC Sells 7,666 Shares of EOG Resources, Inc. $EOG

Cullen Capital Management LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 479,999 shares of the energy exploration company’s stock after selling 7,666 shares during the quarter. Cullen Capital Management LLC’s holdings in EOG Resources were worth $62,270,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Asset One Wealth Management LLC increased its stake in EOG Resources by 6.9% in the second quarter. Asset One Wealth Management LLC now owns 27,483 shares of the energy exploration company’s stock valued at $3,778,000 after purchasing an additional 1,778 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of EOG Resources by 10.7% during the second quarter. OMERS ADMINISTRATION Corp now owns 33,476 shares of the energy exploration company’s stock worth $4,343,000 after purchasing an additional 3,235 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of EOG Resources by 5.4% during the second quarter. Sanctuary Advisors LLC now owns 85,659 shares of the energy exploration company’s stock worth $11,113,000 after purchasing an additional 4,420 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of EOG Resources by 14.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 74,755 shares of the energy exploration company’s stock valued at $9,698,000 after buying an additional 9,478 shares during the period. Finally, Commerce Bank grew its holdings in shares of EOG Resources by 22.4% in the 2nd quarter. Commerce Bank now owns 124,284 shares of the energy exploration company’s stock valued at $16,123,000 after buying an additional 22,738 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research note on Monday. Raymond James Financial restated a “strong-buy” rating and issued a $183.00 price target on shares of EOG Resources in a report on Monday, August 3rd. Wall Street Zen cut EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup decreased their price objective on EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lowered their target price on EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $156.22.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $150.18 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The firm has a market cap of $78.77 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.57 and a beta of 0.25. The stock’s 50-day moving average is $139.11 and its 200-day moving average is $135.47. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67.

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

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

About EOG Resources

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.