Venture Visionary Partners LLC Has $504,000 Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Venture Visionary Partners LLC reduced its stake in EOG Resources by 60.7%, owning 3,926 shares valued at $504,000 after selling 6,068 shares in the first quarter.
• Other institutional investors made significant moves, with Bank Pictet & Cie Europe AG increasing its stake in EOG by 56.3% and Marshall Wace LLP bolstering its position by 266.5% during the fourth quarter.
• EOG Resources announced a quarterly dividend increase to $1.02 per share, reflecting a 3.4% yield and a dividend payout ratio of 39.65%.

Venture Visionary Partners LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 60.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,926 shares of the energy exploration company's stock after selling 6,068 shares during the quarter. Venture Visionary Partners LLC's holdings in EOG Resources were worth $504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Bank Pictet & Cie Europe AG increased its stake in shares of EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after buying an additional 89,521 shares in the last quarter. Marshall Wace LLP increased its position in EOG Resources by 266.5% in the fourth quarter. Marshall Wace LLP now owns 29,319 shares of the energy exploration company's stock worth $3,594,000 after purchasing an additional 21,319 shares during the period. MML Investors Services LLC increased its position in EOG Resources by 4.1% in the fourth quarter. MML Investors Services LLC now owns 40,309 shares of the energy exploration company's stock worth $4,941,000 after purchasing an additional 1,601 shares during the period. TD Waterhouse Canada Inc. increased its position in EOG Resources by 6.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,132 shares of the energy exploration company's stock worth $261,000 after purchasing an additional 129 shares during the period. Finally, MGO One Seven LLC increased its position in EOG Resources by 31.1% in the fourth quarter. MGO One Seven LLC now owns 4,960 shares of the energy exploration company's stock worth $608,000 after purchasing an additional 1,178 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

EOG Resources Price Performance

Shares of EOG opened at $118.2880 on Friday. 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 1 year low of $102.52 and a 1 year high of $138.18. The stock has a market cap of $64.58 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 9.04 and a beta of 0.80. The stock's 50-day moving average price is $120.27 and its two-hundred day moving average price is $119.20.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter last year, the business earned $3.16 earnings per share. The company's revenue was down 9.1% compared to the same quarter last year. On average, equities 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. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. EOG Resources's dividend payout ratio (DPR) is presently 39.65%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Melius Research assumed coverage on EOG Resources in a research report on Wednesday. They issued a "buy" rating and a $173.00 price objective for the company. Barclays lifted their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. UBS Group lifted their price objective on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Roth Capital lowered EOG Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $140.00 to $134.00 in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and an average target price of $143.61.

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.

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