Atria Wealth Solutions Inc. Has $3.21 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in EOG Resources by 22.1%, now owning 25,045 shares valued at approximately $3.21 million.
• Equities analysts show a consensus rating of "Moderate Buy" for EOG Resources with a current price target averaging $140.62.
• EOG Resources recently announced a quarterly dividend increase to $1.02 per share, with a yield of 3.5% and an upcoming ex-dividend date on October 17th.

Atria Wealth Solutions Inc. trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 22.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,045 shares of the energy exploration company's stock after selling 7,113 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in EOG Resources were worth $3,212,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Hancock Whitney Corp boosted its stake in shares of EOG Resources by 5.7% during the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after purchasing an additional 92 shares in the last quarter. FSM Wealth Advisors LLC boosted its stake in shares of EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after purchasing an additional 95 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of EOG Resources by 1.6% during the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock valued at $803,000 after purchasing an additional 97 shares in the last quarter. Bank of Jackson Hole Trust boosted its stake in shares of EOG Resources by 1.6% during the first quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock valued at $791,000 after purchasing an additional 100 shares in the last quarter. Finally, Malaga Cove Capital LLC boosted its stake in shares of EOG Resources by 2.9% during the first quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company's stock valued at $449,000 after purchasing an additional 100 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Bank of America cut their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. KeyCorp cut their price objective on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Finally, Royal Bank Of Canada cut their price objective on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.62.

EOG Resources Trading Down 0.6%

NYSE EOG opened at $115.95 on Friday. The company has a market cap of $63.28 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 8.93 and a beta of 0.80. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The business has a 50 day moving average price of $119.48 and a 200-day moving average price of $120.09. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. The firm 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 22.35% and a net margin of 26.14%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.16 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given 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 dividend yield of 3.5%. EOG Resources's payout ratio is presently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by 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.

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