EOG Resources, Inc. (NYSE:EOG) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has reduced its stake in EOG Resources, Inc. by 96.1%, leaving it with only 357 shares valued at $46,000.
• EOG Resources announced an increase in its quarterly dividend to $1.02 per share, marking a positive change from the previous dividend of $0.98.
• The company reported earnings per share of $2.32 for the last quarter, exceeding analysts' expectations, but the revenue decreased by 9.1% year-over-year.

New Age Alpha Advisors LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 96.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 357 shares of the energy exploration company's stock after selling 8,700 shares during the quarter. New Age Alpha Advisors LLC's holdings in EOG Resources were worth $46,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital World Investors grew its holdings in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. GAMMA Investing LLC lifted its position in EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after purchasing an additional 1,272,765 shares during the last quarter. Deutsche Bank AG grew its stake in shares of EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after buying an additional 769,362 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of EOG Resources by 134.7% in the 4th quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company's stock worth $158,720,000 after buying an additional 743,202 shares during the last quarter. Finally, Demars Financial Group LLC raised its position in shares of EOG Resources by 12,422.5% during the 4th quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company's stock valued at $78,838,000 after buying an additional 638,020 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 0.4%

Shares of NYSE:EOG traded up $0.43 during trading on Thursday, reaching $119.90. The stock had a trading volume of 2,246,692 shares, compared to its average volume of 3,643,968. The firm's 50-day simple moving average is $120.01 and its 200 day simple moving average is $119.64. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a market capitalization of $65.46 billion, a P/E ratio of 11.65, a PEG ratio of 9.02 and a beta of 0.80.

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 for the quarter, beating the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources's revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $3.16 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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 paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is currently 37.90%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EOG. Piper Sandler reduced their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Susquehanna lifted their target price on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada decreased their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $140.71.

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.