Victory Capital Management Inc. Sells 244,422 Shares of EOG Resources, Inc. (NYSE:EOG)

Victory Capital Management Inc. trimmed its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,205,027 shares of the energy exploration company's stock after selling 244,422 shares during the quarter. Victory Capital Management Inc. owned approximately 0.22% of EOG Resources worth $154,533,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EOG. Bank Pictet & Cie Europe AG boosted its position in EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock worth $30,449,000 after acquiring an additional 89,521 shares during the period. Proficio Capital Partners LLC bought a new position in shares of EOG Resources in the 4th quarter valued at approximately $492,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of EOG Resources by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 45,423 shares of the energy exploration company's stock valued at $5,568,000 after acquiring an additional 726 shares in the last quarter. Cibc World Markets Corp grew its holdings in EOG Resources by 14.9% in the 4th quarter. Cibc World Markets Corp now owns 89,041 shares of the energy exploration company's stock valued at $10,915,000 after buying an additional 11,520 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in EOG Resources by 1.4% in the 4th quarter. Parallel Advisors LLC now owns 7,172 shares of the energy exploration company's stock valued at $879,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

EOG stock traded down $0.80 during trading on Friday, hitting $117.63. The company had a trading volume of 5,901,937 shares, compared to its average volume of 3,755,797. The company has a fifty day moving average price of $117.69 and a two-hundred day moving average price of $121.32. 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 company has a market cap of $64.20 billion, a P/E ratio of 10.91, a P/E/G ratio of 9.53 and a beta of 0.76. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.47%. EOG Resources's payout ratio is presently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction 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 owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on EOG shares. Piper Sandler lowered their target price on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 target price (up previously from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Barclays raised their target price on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Roth Capital lowered EOG Resources from a "buy" rating to a "neutral" rating and lowered their target price for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada lowered their target price on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target of $139.81.

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.