CX Institutional Sells 20,504 Shares of EOG Resources, Inc. (NYSE:EOG)

CX Institutional lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 63.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,029 shares of the energy exploration company’s stock after selling 20,504 shares during the quarter. CX Institutional’s holdings in EOG Resources were worth $1,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in EOG Resources in the 2nd quarter worth $27,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources during the second quarter worth about $28,000. Gladius Capital Management LP bought a new position in shares of EOG Resources during the second quarter worth about $30,000. Triad Wealth Partners LLC acquired a new stake in EOG Resources in the 2nd quarter valued at approximately $35,000. Finally, Norwood Financial Corp bought a new stake in EOG Resources in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

NYSE EOG opened at $127.37 on Thursday. The stock has a market cap of $73.20 billion, a PE ratio of 10.06, a P/E/G ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a 50-day moving average of $126.24 and a 200-day moving average of $127.17. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the business posted $2.49 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EOG. Wells Fargo & Company decreased their price target on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. KeyCorp cut their price target on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a report on Monday. Finally, Evercore ISI dropped their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $141.20.

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.