EOG Resources, Inc. $EOG Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,102 shares of the energy exploration company's stock after selling 27,932 shares during the quarter. EOG Resources accounts for approximately 0.9% of Ancora Advisors LLC's holdings, making the stock its 23rd biggest holding. Ancora Advisors LLC owned about 0.06% of EOG Resources worth $44,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Financial Life Planners acquired a new stake in EOG Resources during the 1st quarter valued at approximately $30,000. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the 4th quarter worth approximately $25,000. Wedbush Fund Advisers LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at approximately $31,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $26,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of EOG Resources from $134.00 to $153.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Citigroup reiterated a "neutral" rating and set a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a "neutral" rating in a report on Wednesday, May 27th. Finally, Sanford C. Bernstein cut their target price on shares of EOG Resources from $167.00 to $155.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and a consensus price target of $156.33.

EOG Resources Trading Up 1.2%

NYSE:EOG opened at $145.05 on Tuesday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm has a market capitalization of $76.08 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.53 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The business has a 50 day simple moving average of $140.45 and a 200 day simple moving average of $136.58.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm's revenue for the quarter was up 57.4% on a year-over-year basis. During the same period last year, the company earned $2.32 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's payout ratio is presently 31.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by insiders.

About EOG Resources

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source