Integrated Investment Consultants LLC Decreases Stake in EOG Resources, Inc. $EOG

Key Points

• Integrated Investment Consultants LLC has significantly reduced its stake in EOG Resources, selling 9,754 shares, which represents an 81.1% decrease, leaving them with 2,273 shares valued at $291,000.
• Several institutional investors, including Bank Pictet & Cie Europe AG and Marshall Wace LLP, have increased their holdings in EOG Resources, highlighting a mixed trend in investor confidence.
• EOG Resources announced a quarterly dividend increase to $1.02 per share from the previous $0.98, indicating strong earnings, with a current yield of 3.4% and a payout ratio of 37.90%.

Integrated Investment Consultants LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 81.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,273 shares of the energy exploration company's stock after selling 9,754 shares during the period. Integrated Investment Consultants LLC's holdings in EOG Resources were worth $291,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock worth $6,922,633,000 after buying an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock worth $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of EOG Resources by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock worth $709,201,000 after purchasing an additional 60,454 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of EOG Resources by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company's stock worth $629,789,000 after purchasing an additional 36,777 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The stock was 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 directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley set a $135.00 target price on EOG Resources and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Stephens assumed coverage on EOG Resources in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price on the stock. Piper Sandler cut their target price on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Finally, UBS Group increased their target price on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $143.61.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $2.3950 during trading hours on Friday, hitting $120.9050. 2,245,946 shares of the company's stock traded hands, compared to its average volume of 2,796,382. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock has a market capitalization of $66.01 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 9.25 and a beta of 0.80. The company has a fifty day simple moving average of $120.18 and a 200-day simple moving average of $119.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the firm posted $3.16 EPS. The business's revenue was down 9.1% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is 37.90%.

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.