Integrated Investment Consultants LLC Sells 9,754 Shares of EOG Resources, Inc. (NYSE:EOG)

Key Points

• Integrated Investment Consultants LLC significantly reduced its holdings in EOG Resources by 81.1%, now owning only 2,273 shares worth approximately $291,000 after selling 9,754 shares in the first quarter.
• The company announced a quarterly dividend increase to $1.02 per share, up from $0.98, representing a 3.45% yield for shareholders of record as of October 17th.
• Analysts have mixed opinions on EOG Resources, with a consensus rating of "Moderate Buy" and an average price target of $140.62, following various adjustments from firms like Piper Sandler and Raymond James.

Integrated Investment Consultants LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 81.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 added to or reduced their stakes in EOG. Alpine Bank Wealth Management acquired a new position in EOG Resources in the 1st quarter worth $34,000. Ameriflex Group Inc. acquired a new position in EOG Resources in the 4th quarter worth $36,000. 10Elms LLP acquired a new position in EOG Resources in the 4th quarter worth $44,000. Hanson & Doremus Investment Management acquired a new position in EOG Resources in the 1st quarter worth $51,000. Finally, Golden State Wealth Management LLC boosted its stake in EOG Resources by 204.4% in the 1st quarter. Golden State Wealth Management LLC now owns 411 shares of the energy exploration company's stock worth $53,000 after purchasing an additional 276 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EOG shares. Stephens started coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. Piper Sandler reduced their price objective on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Royal Bank Of Canada reduced their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Mizuho reduced 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. Finally, Barclays increased their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.62.

EOG Resources Stock Performance

EOG Resources stock traded down $0.85 during trading hours on Wednesday, hitting $122.31. The company had a trading volume of 720,127 shares, compared to its average volume of 3,677,616. The firm has a market cap of $66.75 billion, a PE ratio of 11.34, a PEG ratio of 9.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a 50-day moving average of $118.45 and a 200 day moving average of $120.88.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share 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 analysts' expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend 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.