Blair William & Co. IL Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

Blair William & Co. IL trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,539 shares of the energy exploration company's stock after selling 3,896 shares during the quarter. Blair William & Co. IL's holdings in EOG Resources were worth $12,765,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources in the first quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the first quarter worth about $34,000. Ameriflex Group Inc. acquired a new position in shares of EOG Resources in the fourth quarter worth about $36,000. 10Elms LLP acquired a new position in shares of EOG Resources in the fourth quarter worth about $44,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of EOG Resources in the first quarter worth about $51,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG Resources stock opened at $116.99 on Tuesday. The firm has a 50 day simple moving average of $119.10 and a 200-day simple moving average of $120.28. 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 current ratio of 1.87 and a quick ratio of 1.71. The stock has a market cap of $63.85 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 8.96 and a beta of 0.80.

EOG Resources Increases Dividend

The business also recently disclosed 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is 36.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EOG shares. Mizuho decreased their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Raymond James Financial upped their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Piper Sandler reduced 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 report on Thursday, July 17th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $140.62.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

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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