U.S. Capital Wealth Advisors LLC Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

U.S. Capital Wealth Advisors LLC lessened its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,606 shares of the energy exploration company's stock after selling 16,983 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in EOG Resources were worth $13,799,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EOG. Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at about $28,000. Heritage Wealth Advisors lifted its holdings in shares of EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after buying an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the 1st quarter valued at about $34,000. Ameriflex Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at about $36,000. Finally, 10Elms LLP acquired a new position in shares of EOG Resources in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $140.00 to $134.00 in a report on Wednesday. Barclays upped their price target on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Royal Bank Of Canada reduced their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday. Susquehanna reduced their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 price target (up previously from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and a consensus target price of $139.00.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was 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 directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $0.04 during midday trading on Thursday, hitting $121.85. The company had a trading volume of 2,703,451 shares, compared to its average volume of 3,405,034. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The stock has a market cap of $66.51 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 10.00 and a beta of 0.76. The business's 50-day simple moving average is $116.34 and its 200-day simple moving average is $121.31.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. On average, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.35%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio is presently 36.18%.

EOG Resources 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.