Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in EOG Resources, Inc. (NYSE:EOG)

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,802 shares of the energy exploration company's stock after selling 27,810 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in EOG Resources were worth $23,699,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Heritage Wealth Advisors increased its position in shares of EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the 1st quarter valued at $34,000. Ameriflex Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $36,000. 10Elms LLP acquired a new position in shares of EOG Resources in the 4th quarter valued at $44,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of EOG Resources in the 1st quarter valued at $51,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler cut their price target on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Raymond James Financial increased their price target on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research report on Tuesday. Bank of America cut their price target on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Mizuho cut their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Roth Capital downgraded EOG Resources from a "buy" rating to a "neutral" rating and cut their price target for the stock from $140.00 to $134.00 in a research report on Wednesday, July 9th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $140.62.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm'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 transaction of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of NYSE EOG traded down $0.68 during mid-day trading on Friday, reaching $118.38. The company's stock had a trading volume of 1,785,285 shares, compared to its average volume of 3,710,880. The stock has a 50-day moving average of $118.02 and a two-hundred day moving average of $121.10. The stock has a market capitalization of $64.61 billion, a P/E ratio of 10.98, a P/E/G ratio of 9.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

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 analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the prior year, the business earned $2.82 earnings per share. The company's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is currently 37.85%.

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.