U.S. Capital Wealth Advisors LLC Decreases Stock Position in EOG Resources, Inc. (NYSE:EOG)

U.S. Capital Wealth Advisors LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,606 shares of the energy exploration company's stock after selling 16,983 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in EOG Resources were worth $13,799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in shares of EOG Resources during the 4th quarter worth $28,000. Heritage Wealth Advisors boosted its position in shares of EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources during the 1st quarter worth $34,000. Ameriflex Group Inc. purchased a new stake in shares of EOG Resources during the 4th quarter worth $36,000. Finally, 10Elms LLP purchased a new stake in shares of EOG Resources during the 4th quarter worth $44,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on EOG shares. Raymond James Financial boosted their target price on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research report on Monday, June 2nd. UBS Group restated a "buy" rating and set a $140.00 target price (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Piper Sandler decreased their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup decreased their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of "Moderate Buy" and an average target price of $139.24.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction 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 $5,472,671.35. This represents a 7.95% 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 currently owned by corporate insiders.

EOG Resources Trading Up 3.6%

Shares of NYSE EOG traded up $4.31 on Tuesday, reaching $123.92. 3,753,426 shares of the company traded hands, compared to its average volume of 3,410,297. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a 50 day moving average of $115.89 and a 200 day moving average of $121.29. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $67.63 billion, a PE ratio of 11.50, a P/E/G ratio of 9.65 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the company posted $2.82 EPS. The company's quarterly revenue 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 fiscal year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is currently 36.18%.

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.