GSA Capital Partners LLP Sells 4,786 Shares of EOG Resources, Inc. (NYSE:EOG)

Key Points

• GSA Capital Partners LLP reduced its holdings in EOG Resources by 44.5%, now owning 5,969 shares valued at approximately $765,000 after selling 4,786 shares in the first quarter.
• EOG Resources declared a quarterly dividend increase to $1.02 per share, marking a boost from the previous $0.98, with the dividend yield now at 3.5%.
• Analysts have a consensus rating of "Moderate Buy" for EOG Resources, with a target price of $140.62, highlighting a generally positive outlook despite recent stock fluctuations.

GSA Capital Partners LLP reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 44.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,969 shares of the energy exploration company's stock after selling 4,786 shares during the period. GSA Capital Partners LLP's holdings in EOG Resources were worth $765,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources during the 1st quarter valued at approximately $34,000. Ameriflex Group Inc. bought a new stake in EOG Resources during the 4th quarter valued at $36,000. 10Elms LLP bought a new stake in EOG Resources during the 4th quarter valued at $44,000. Hanson & Doremus Investment Management purchased a new stake in shares of EOG Resources during the first quarter worth $51,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of EOG Resources by 204.4% in the first quarter. Golden State Wealth Management LLC now owns 411 shares of the energy exploration company's stock worth $53,000 after acquiring an additional 276 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the topic of a number of analyst reports. Morgan Stanley set a $135.00 price objective on EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Royal Bank Of Canada reduced their target price on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and decreased their price target for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Susquehanna increased their price target on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, UBS Group reaffirmed a "buy" rating and set a $140.00 price objective (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and an average price target 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 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 directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

EOG Resources Price Performance

EOG traded down $3.38 during trading on Friday, reaching $116.64. The stock had a trading volume of 2,688,978 shares, compared to its average volume of 2,964,615. The business has a 50-day moving average of $118.96 and a 200-day moving average of $120.41. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The stock has a market cap of $63.66 billion, a PE ratio of 10.82, a PEG ratio of 8.96 and a beta of 0.80.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 EPS. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. 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 yield of 3.5%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

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.