Callahan Advisors LLC Has $8.72 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Callahan Advisors LLC decreased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 25.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 68,003 shares of the energy exploration company's stock after selling 22,890 shares during the period. Callahan Advisors LLC's holdings in EOG Resources were worth $8,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC purchased a new stake in EOG Resources in the 1st quarter worth approximately $6,532,000. Xponance Inc. lifted its position in EOG Resources by 0.5% in the 1st quarter. Xponance Inc. now owns 74,532 shares of the energy exploration company's stock worth $9,558,000 after buying an additional 404 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of EOG Resources by 3.5% during the 1st quarter. Fidelis Capital Partners LLC now owns 14,468 shares of the energy exploration company's stock valued at $1,855,000 after purchasing an additional 492 shares in the last quarter. Processus Wealth & Capital Management LLC raised its holdings in shares of EOG Resources by 1.5% during the 1st quarter. Processus Wealth & Capital Management LLC now owns 11,231 shares of the energy exploration company's stock valued at $1,440,000 after purchasing an additional 170 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of EOG Resources by 2.3% during the 1st quarter. Cerity Partners LLC now owns 124,578 shares of the energy exploration company's stock valued at $15,976,000 after purchasing an additional 2,859 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This represents 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 accessible through the SEC website. Insiders own 0.13% of the company's stock.

EOG Resources Trading Down 0.2%

Shares of NYSE:EOG traded down $0.28 during trading on Monday, hitting $122.76. 3,074,466 shares of the company's stock were exchanged, compared to its average volume of 3,414,736. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a 50-day moving average price of $116.79 and a two-hundred day moving average price of $121.35. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The firm has a market cap of $67.00 billion, a P/E ratio of 11.39, a PEG ratio of 9.93 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm 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 firm earned $2.82 earnings per share. The business's quarterly revenue was down 7.4% on a year-over-year basis. Equities analysts predict 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. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.32%. 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 presently 36.18%.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. KeyCorp cut their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Royal Bank Of Canada dropped their target price on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Susquehanna cut their price objective on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley set a $135.00 target price on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Citigroup cut their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Thirteen equities 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $139.00.

EOG Resources Company 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.