EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lessened by Annandale Capital LLC

Key Points

• Annandale Capital LLC reduced its holdings in EOG Resources by 75.9%, leaving it with 1,746 shares valued at $224,000 as of its latest SEC filing.
• EOG Resources reported $2.32 earnings per share for the recent quarter, surpassing analysts' expectations of $2.14, while its revenue was $5.48 billion.
• The company has announced a quarterly dividend increase to $1.02, up from $0.98, with an annualized dividend yield of 3.5%.

Annandale Capital LLC reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 75.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,746 shares of the energy exploration company's stock after selling 5,489 shares during the quarter. Annandale Capital LLC's holdings in EOG Resources were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in EOG Resources in the 1st quarter valued at $451,908,000. Capital World Investors grew its stake in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after acquiring an additional 1,272,765 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after acquiring an additional 1,188,552 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of EOG Resources by 58.6% during the fourth quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock valued at $255,139,000 after acquiring an additional 769,362 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America lowered their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Royal Bank Of Canada lowered their target price on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Mizuho lowered their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley set a $135.00 target price on EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Finally, Stephens assumed coverage on EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price for the company. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.71.

EOG Resources Stock Performance

EOG stock traded up $0.43 during midday trading on Thursday, reaching $119.90. The company had a trading volume of 2,246,692 shares, compared to its average volume of 3,643,968. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $120.01 and a 200 day moving average price of $119.64. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market capitalization of $65.46 billion, a PE ratio of 11.65, a P/E/G ratio of 9.02 and a beta of 0.80.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. The business's revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.16 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.4%. EOG Resources's dividend payout ratio is presently 37.90%.

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.