Axxcess Wealth Management LLC Sells 2,785 Shares of EOG Resources, Inc. (NYSE:EOG)

Axxcess Wealth Management LLC lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,242 shares of the energy exploration company's stock after selling 2,785 shares during the quarter. Axxcess Wealth Management LLC's holdings in EOG Resources were worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth $28,000. Heritage Wealth Advisors lifted its stake in shares of EOG Resources by 562.2% in the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 208 shares during the period. Alpine Bank Wealth Management bought a new stake in EOG Resources in the first quarter valued at approximately $34,000. Ameriflex Group Inc. bought a new stake in EOG Resources in the fourth quarter valued at approximately $36,000. Finally, 10Elms LLP acquired a new stake in EOG Resources during the 4th quarter valued at approximately $44,000. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In other 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 value of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EOG shares. Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target on the stock. Raymond James Financial boosted their price objective on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research note on Monday, June 2nd. Susquehanna decreased their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Mizuho dropped their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group restated a "buy" rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $139.00.

EOG Resources Stock Up 1.1%

EOG traded up $1.35 during midday trading on Friday, reaching $123.08. 2,215,902 shares of the company were exchanged, compared to its average volume of 3,410,566. EOG Resources, Inc. has a one year low of $102.52 and a one 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's fifty day moving average price is $116.79 and its 200 day moving average price is $121.34. The company has a market cap of $67.17 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 9.82 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $5.92 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. EOG Resources's revenue was down 7.4% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.31%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is currently 36.18%.

About EOG Resources

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.