Great Lakes Advisors LLC Sells 8,292 Shares of EOG Resources, Inc. (NYSE:EOG)

Great Lakes Advisors LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,563 shares of the energy exploration company’s stock after selling 8,292 shares during the period. Great Lakes Advisors LLC owned about 0.06% of EOG Resources worth $41,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in EOG Resources in the 2nd quarter worth $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources in the 2nd quarter worth approximately $28,000. Gladius Capital Management LP bought a new position in EOG Resources in the 2nd quarter worth approximately $30,000. Sachetta LLC purchased a new stake in EOG Resources during the 4th quarter valued at approximately $33,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 1.0 %

Shares of EOG traded down $1.20 during trading hours on Friday, reaching $120.35. 3,144,135 shares of the company traded hands, compared to its average volume of 3,138,585. The firm has a market cap of $69.17 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 3.22 and a beta of 1.30. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The stock’s fifty day moving average price is $126.66 and its 200 day moving average price is $125.99. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is 28.75%.

Analysts Set New Price Targets

Several research firms recently weighed in on EOG. Sanford C. Bernstein cut their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Citigroup increased their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Bank of America reaffirmed a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Truist Financial lowered their target price on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, KeyCorp initiated coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $143.95.

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock worth $2,751,612 in the last three months. Corporate insiders own 0.30% of the company’s stock.

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.