Allen Mooney & Barnes Investment Advisors LLC Lowers Holdings in EOG Resources, Inc. $EOG

Allen Mooney & Barnes Investment Advisors LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 40.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,402 shares of the energy exploration company's stock after selling 44,357 shares during the period. Allen Mooney & Barnes Investment Advisors LLC's holdings in EOG Resources were worth $8,614,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sivia Capital Partners LLC bought a new stake in EOG Resources during the second quarter valued at approximately $258,000. Quantbot Technologies LP purchased a new stake in shares of EOG Resources during the 2nd quarter valued at $349,000. Gamco Investors INC. ET AL lifted its holdings in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock worth $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock worth $2,725,000 after acquiring an additional 444 shares during the last quarter. Finally, Sei Investments Co. grew its position in EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock worth $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. The Goldman Sachs Group reiterated a "neutral" rating and set a $151.00 price target (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Weiss Ratings reiterated a "buy (b-)" rating on shares of EOG Resources in a report on Friday, August 7th. Freedom Capital downgraded shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $157.04.

EOG Resources Price Performance

EOG opened at $145.93 on Friday. The stock has a fifty day simple moving average of $141.24 and a two-hundred day simple moving average of $137.18. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The company has a market cap of $76.54 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.55 and a beta of 0.26. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company's quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.32 EPS. Research analysts predict that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources's payout ratio is presently 31.75%.

EOG Resources Profile

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.

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