Avior Wealth Management LLC Has $700,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Avior Wealth Management LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 54.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,459 shares of the energy exploration company's stock after selling 6,610 shares during the period. Avior Wealth Management LLC's holdings in EOG Resources were worth $700,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Bank Pictet & Cie Europe AG lifted its stake in EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after acquiring an additional 89,521 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $67,000. Global Retirement Partners LLC lifted its stake in shares of EOG Resources by 33.1% in the 4th quarter. Global Retirement Partners LLC now owns 3,869 shares of the energy exploration company's stock valued at $474,000 after purchasing an additional 962 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of EOG Resources by 44.4% in the 4th quarter. Ieq Capital LLC now owns 35,580 shares of the energy exploration company's stock valued at $4,361,000 after purchasing an additional 10,946 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of EOG Resources by 8.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 7,703 shares of the energy exploration company's stock valued at $944,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EOG has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on EOG Resources from $146.00 to $148.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Susquehanna reduced their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Stephens initiated coverage on EOG Resources in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. Raymond James Financial boosted their price objective on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 2nd. Finally, UBS Group reissued a "buy" rating and set a $140.00 price objective (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. 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. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus target price of $139.48.

EOG Resources Price Performance

Shares of EOG stock traded up $1.62 during mid-day trading on Friday, reaching $125.40. The company's stock had a trading volume of 11,228,066 shares, compared to its average volume of 3,372,209. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The company has a market cap of $68.44 billion, a P/E ratio of 11.63, a PEG ratio of 10.24 and a beta of 0.74. The firm's 50-day moving average is $113.49 and its two-hundred day moving average is $121.50.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the prior year, the firm posted $2.82 EPS. EOG Resources's quarterly revenue was down 7.4% compared to the same quarter last year. On average, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. 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 3.25%. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is currently 36.18%.

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.