EOG Resources, Inc. $EOG Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its holdings in EOG Resources by 7.1% in Q1, selling 15,247 shares, leaving it with 200,439 shares valued at approximately $25.7 million.
• EOG Resources plans to increase its quarterly dividend to $1.02 per share, up from the previous $0.98, providing a dividend yield of 3.3%.
• The company reported $2.32 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and showcasing a 20.51% return on equity.

Trexquant Investment LP reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,439 shares of the energy exploration company's stock after selling 15,247 shares during the quarter. Trexquant Investment LP's holdings in EOG Resources were worth $25,704,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EOG. Nuveen LLC purchased a new stake in shares of EOG Resources during the first quarter valued at $451,908,000. GAMMA Investing LLC boosted its stake in shares of EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after purchasing an additional 1,272,765 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Deutsche Bank AG boosted its stake in shares of EOG Resources by 58.6% during the fourth quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock valued at $255,139,000 after purchasing an additional 769,362 shares during the period. Finally, AQR Capital Management LLC lifted its stake in EOG Resources by 134.7% in the fourth quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company's stock worth $158,720,000 after acquiring an additional 743,202 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.4%

EOG Resources stock traded up $0.55 during trading hours on Monday, reaching $124.89. The stock had a trading volume of 1,737,955 shares, compared to its average volume of 2,689,735. The company has a market cap of $68.19 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 9.56 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The business's 50 day moving average price is $120.06 and its 200-day moving average price is $118.81. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm's revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.16 earnings per share. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on EOG. Susquehanna upped their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. 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 note on Tuesday, July 22nd. Argus lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Melius Research began coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Finally, Mizuho lowered 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 note on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.61.

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.