Choreo LLC Decreases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Choreo LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 36.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,866 shares of the energy exploration company's stock after selling 6,127 shares during the quarter. Choreo LLC's holdings in EOG Resources were worth $1,393,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EOG. PFG Advisors raised its position in shares of EOG Resources by 26.0% in the first quarter. PFG Advisors now owns 15,364 shares of the energy exploration company's stock worth $1,970,000 after buying an additional 3,174 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of EOG Resources by 2.7% during the first quarter. Crestwood Advisors Group LLC now owns 35,917 shares of the energy exploration company's stock worth $4,606,000 after purchasing an additional 948 shares in the last quarter. RD Lewis Holdings Inc. increased its position in shares of EOG Resources by 5.6% in the first quarter. RD Lewis Holdings Inc. now owns 19,521 shares of the energy exploration company's stock worth $2,503,000 after purchasing an additional 1,030 shares during the last quarter. Meridian Wealth Advisors LLC purchased a new stake in EOG Resources in the first quarter valued at approximately $200,000. Finally, Lindbrook Capital LLC lifted its position in EOG Resources by 74.6% during the first quarter. Lindbrook Capital LLC now owns 5,132 shares of the energy exploration company's stock valued at $658,000 after purchasing an additional 2,193 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

NYSE EOG traded down $0.68 on Friday, reaching $118.38. 1,785,285 shares of the stock were exchanged, compared to its average volume of 3,000,766. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a market capitalization of $64.61 billion, a PE ratio of 10.98, a PEG ratio of 9.15 and a beta of 0.76. The company's 50-day simple moving average is $118.08 and its two-hundred day simple moving average is $121.04.

EOG Resources (NYSE:EOG - Get Free Report) last released 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. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 earnings per share. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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 given a $1.02 dividend. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Piper Sandler decreased their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, UBS Group reaffirmed a "buy" rating and set a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.62.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources 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 sale, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

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.