Integrated Advisors Network LLC Sells 2,252 Shares of EOG Resources, Inc. (NYSE:EOG)

Integrated Advisors Network LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,088 shares of the energy exploration company's stock after selling 2,252 shares during the period. Integrated Advisors Network LLC's holdings in EOG Resources were worth $2,448,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new stake in EOG Resources during the fourth quarter valued at about $28,000. Heritage Wealth Advisors lifted its stake in EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after buying an additional 208 shares in the last quarter. Sierra Ocean LLC purchased a new stake in EOG Resources during the fourth quarter valued at about $32,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of EOG Resources by 643.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 290 shares of the energy exploration company's stock valued at $36,000 after purchasing an additional 251 shares during the period. Institutional investors own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EOG shares. Wells Fargo & Company dropped their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. UBS Group reissued a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Scotiabank upgraded 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, Piper Sandler cut their price objective on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.58.

EOG Resources Trading Up 0.5%

NYSE:EOG traded up $0.63 on Thursday, hitting $120.55. 3,318,580 shares of the stock were exchanged, compared to its average volume of 3,304,619. The stock has a market capitalization of $65.79 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 3.58 and a beta of 0.74. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company's 50-day moving average price is $111.34 and its 200 day moving average price is $122.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the company earned $2.82 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.38%. EOG Resources's payout ratio is currently 36.18%.

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.