Altrinsic Global Advisors LLC Trims Holdings in EOG Resources, Inc. $EOG

Key Points

• Altrinsic Global Advisors LLC reduced its stake in EOG Resources, Inc. by 5.1%, owning 86,704 shares valued at $11.1 million as of the latest SEC filing.
• EOG Resources recently increased its quarterly dividend to $1.02 per share, up from $0.98, reflecting a 3.4% yield.
• Analysts have mixed ratings on EOG Resources, with a consensus rating of "Moderate Buy" and an average price target of $143.61.

Altrinsic Global Advisors LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,704 shares of the energy exploration company's stock after selling 4,650 shares during the period. EOG Resources makes up about 0.5% of Altrinsic Global Advisors LLC's holdings, making the stock its 28th largest holding. Altrinsic Global Advisors LLC's holdings in EOG Resources were worth $11,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC grew its stake in EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after buying an additional 106,677 shares in the last quarter. ARGA Investment Management LP grew its stake in EOG Resources by 24.2% in the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock worth $1,724,000 after buying an additional 2,616 shares in the last quarter. CWA Asset Management Group LLC grew its stake in EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock worth $2,609,000 after buying an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after buying an additional 44,687 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in EOG Resources by 4.7% in the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock worth $23,032,000 after buying an additional 8,127 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research reports. Barclays boosted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Stephens initiated coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. Piper Sandler cut their price target on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Melius started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Finally, Royal Bank Of Canada lowered their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $143.61.

EOG Resources Trading Up 0.4%

NYSE:EOG traded up $0.55 during midday trading on Friday, reaching $124.89. 1,737,955 shares of the stock traded hands, compared to its average volume of 3,557,974. The company has a fifty day moving average of $120.07 and a 200 day moving average of $119.00. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The stock has a market capitalization of $68.19 billion, a P/E ratio of 12.14, a PEG ratio of 9.39 and a beta of 0.80.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.16 EPS. On average, research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

EOG Resources Profile

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.