Warther Private Wealth LLC Sells 83,532 Shares of EOG Resources, Inc. (NYSE:EOG)

Warther Private Wealth LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 88.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,593 shares of the energy exploration company's stock after selling 83,532 shares during the period. EOG Resources accounts for about 0.4% of Warther Private Wealth LLC's portfolio, making the stock its 20th biggest position. Warther Private Wealth LLC's holdings in EOG Resources were worth $1,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources during the fourth quarter worth about $735,000. Silvercrest Asset Management Group LLC increased its stake in EOG Resources by 14.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after acquiring an additional 106,677 shares during the last quarter. Marble Harbor Investment Counsel LLC raised its position in EOG Resources by 3.2% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock valued at $12,630,000 after purchasing an additional 3,150 shares in the last quarter. Signet Financial Management LLC lifted its stake in EOG Resources by 15.3% during the first quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company's stock worth $3,756,000 after purchasing an additional 3,890 shares during the last quarter. Finally, Northside Capital Management LLC acquired a new stake in shares of EOG Resources in the 1st quarter valued at $27,102,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EOG shares. Bank of America decreased their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company boosted their target price on shares of EOG Resources from $146.00 to $148.00 and gave the stock an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 target price (up from $144.00) on shares of EOG Resources in a research report on Friday. Finally, Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $140.10.

EOG Resources Price Performance

NYSE:EOG traded down $2.09 during midday trading on Monday, hitting $123.20. The company had a trading volume of 5,138,602 shares, compared to its average volume of 3,336,418. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $67.24 billion, a PE ratio of 9.92, a P/E/G ratio of 3.58 and a beta of 0.74. The stock's fifty day moving average price is $111.99 and its 200-day moving average price is $121.75. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is currently 36.18%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

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.