Capital Investment Advisors LLC Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

Capital Investment Advisors LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,654 shares of the energy exploration company's stock after selling 2,680 shares during the period. Capital Investment Advisors LLC's holdings in EOG Resources were worth $6,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in EOG Resources during the 4th quarter valued at $28,000. Heritage Wealth Advisors grew its position in shares of EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after buying an additional 208 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of EOG Resources by 643.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 290 shares of the energy exploration company's stock valued at $36,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on EOG shares. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price target for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Morgan Stanley set a $135.00 target price on EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Citigroup lowered their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Wall Street Zen lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Piper Sandler decreased their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $139.58.

EOG Resources Stock Performance

NYSE EOG opened at $113.93 on Friday. The firm has a market capitalization of $62.18 billion, a P/E ratio of 9.17, a PEG ratio of 3.58 and a beta of 0.74. The stock has a 50-day simple moving average of $111.51 and a two-hundred day simple moving average of $122.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the company earned $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities analysts forecast 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. Investors of record on Friday, October 17th will be paid a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

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.

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