Virtu Financial LLC Has $815,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Key Points

• Virtu Financial LLC reduced its stake in EOG Resources by 59.7% during the first quarter, owning 6,356 shares worth approximately $815,000 after selling 9,416 shares.
• EOG Resources announced a quarterly dividend increase to $1.02 per share, up from the previous $0.98, with a yield of 3.5%.
• Analysts maintain a consensus rating of "Moderate Buy" for EOG Resources, with an average target price of $140.71, reflecting mixed sentiment from recent price target adjustments.

Virtu Financial LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 59.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,356 shares of the energy exploration company's stock after selling 9,416 shares during the period. Virtu Financial LLC's holdings in EOG Resources were worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EOG. Silvercrest Asset Management Group LLC increased its position in EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after buying an additional 106,677 shares during the period. ARGA Investment Management LP increased its position in EOG Resources by 24.2% in the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock worth $1,724,000 after buying an additional 2,616 shares during the period. CWA Asset Management Group LLC increased its position in EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock worth $2,609,000 after buying an additional 2,697 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after buying an additional 44,687 shares during the period. Finally, Pinnacle Financial Partners Inc increased its position in EOG Resources by 4.7% in the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock worth $23,032,000 after buying an additional 8,127 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

EOG stock traded down $0.73 during trading on Friday, hitting $119.06. The company had a trading volume of 2,944,305 shares, compared to its average volume of 3,639,455. The company has a fifty day moving average price of $120.19 and a two-hundred day moving average price of $119.56. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company has a market cap of $65.01 billion, a P/E ratio of 11.57, a P/E/G ratio of 9.19 and a beta of 0.80. 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 posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. The business's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.16 earnings per share. 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 paid a $1.02 dividend. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is presently 37.90%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Piper Sandler dropped their price target on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Morgan Stanley set a $135.00 price target on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Finally, Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned 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 target price of $140.71.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's 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 transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.