EOG Resources, Inc. (NYSE:EOG) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 16.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,873 shares of the energy exploration company’s stock after selling 7,223 shares during the period. Dynamic Advisor Solutions LLC’s holdings in EOG Resources were worth $4,515,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EOG. Sequoia Financial Advisors LLC boosted its stake in shares of EOG Resources by 76.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 9,609 shares of the energy exploration company’s stock valued at $1,162,000 after acquiring an additional 4,165 shares during the last quarter. Cerity Partners LLC raised its position in shares of EOG Resources by 208.7% in the fourth quarter. Cerity Partners LLC now owns 127,480 shares of the energy exploration company’s stock valued at $15,419,000 after buying an additional 86,182 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of EOG Resources by 3.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 5,251 shares of the energy exploration company’s stock valued at $635,000 after buying an additional 183 shares during the period. Perigon Wealth Management LLC grew its stake in EOG Resources by 55.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,819 shares of the energy exploration company’s stock worth $341,000 after acquiring an additional 1,002 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in EOG Resources in the 4th quarter valued at $40,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG stock opened at $128.77 on Tuesday. The stock has a 50-day simple moving average of $124.84 and a 200-day simple moving average of $124.36. The firm has a market cap of $74.01 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the company earned $2.49 earnings per share. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared 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. This represents a $3.64 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Scotiabank decreased their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Wolfe Research started coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Stifel Nicolaus cut their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley upped their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Fourteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $144.45.

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.