Virtus ETF Advisers LLC Sells 6,899 Shares of EOG Resources, Inc. (NYSE:EOG)

Virtus ETF Advisers LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 83.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,403 shares of the energy exploration company’s stock after selling 6,899 shares during the period. Virtus ETF Advisers LLC’s holdings in EOG Resources were worth $172,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its position in shares of EOG Resources by 15.7% in the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company’s stock worth $226,000 after purchasing an additional 250 shares in the last quarter. Chelsea Counsel Co. boosted its holdings in EOG Resources by 2.0% in the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company’s stock worth $641,000 after acquiring an additional 100 shares in the last quarter. World Investment Advisors LLC bought a new stake in EOG Resources in the third quarter worth $730,000. Wilmington Savings Fund Society FSB grew its stake in shares of EOG Resources by 26.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company’s stock worth $8,822,000 after acquiring an additional 15,186 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of EOG Resources by 4.7% during the third quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company’s stock valued at $7,227,000 after acquiring an additional 2,634 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $113.07 on Monday. The firm’s 50 day simple moving average is $120.51 and its two-hundred day simple moving average is $125.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $62.36 billion, a P/E ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction on 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. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EOG. KeyCorp cut their price objective on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Mizuho reiterated a “neutral” rating and set a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the stock from $150.00 to $130.00 in a report on Friday, April 11th. JPMorgan Chase & Co. cut their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $141.25.

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.