Natixis Advisors LLC Trims Holdings in EOG Resources, Inc. $EOG

Key Points

• Natixis Advisors trimmed its holdings in EOG by 11.4% in Q3, selling 59,728 shares and retaining 465,401 shares worth about $52.18 million (≈0.09% of the company).
• EOG beat quarterly estimates with EPS of $2.27 (vs. $2.20) and revenue of $5.64B (vs. $5.36B), and announced a $1.02 quarterly dividend (annualized $4.08, 3.1% yield; ex-dividend Apr 16, payable Apr 30).
• Institutional investors own 89.91% of EOG, and analysts' consensus rating is a "Hold" with an average price target of $135.77 while the stock trades near $131.48 (52‑week high $134.36).

Natixis Advisors LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,401 shares of the energy exploration company's stock after selling 59,728 shares during the quarter. Natixis Advisors LLC owned about 0.09% of EOG Resources worth $52,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. JCIC Asset Management Inc. bought a new stake in EOG Resources during the third quarter worth about $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $35,000. Salomon & Ludwin LLC increased its stake in shares of EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock valued at $36,000 after purchasing an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources during the third quarter valued at approximately $37,000. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources during the third quarter valued at approximately $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $131.48 on Tuesday. The firm's 50-day moving average price is $114.32 and its 200-day moving average price is $112.17. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $134.36. The company has a market cap of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The firm's revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources's payout ratio is presently 44.79%.

Analyst Ratings Changes

EOG has been the topic of several recent research reports. Jefferies Financial Group upped their price target on EOG Resources from $140.00 to $146.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Stephens increased their target price on EOG Resources from $138.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 12th. Wolfe Research raised their price target on EOG Resources from $140.00 to $152.00 in a report on Monday. Mizuho set a $134.00 price target on EOG Resources and gave the stock a "neutral" rating in a research report on Friday, December 12th. Finally, Johnson Rice cut their price objective on shares of EOG Resources from $145.00 to $135.00 and set a "hold" rating on the stock in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and an average price target of $135.77.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the transaction, the chief operating officer owned 88,045 shares of the company's stock, valued at approximately $11,445,850. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 7,774 shares of company stock worth $945,895 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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