Audent Global Asset Management LLC Sells 503 Shares of EOG Resources, Inc. (NYSE:EOG)

Audent Global Asset Management LLC reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,136 shares of the energy exploration company’s stock after selling 503 shares during the period. EOG Resources comprises approximately 1.3% of Audent Global Asset Management LLC’s portfolio, making the stock its 28th biggest holding. Audent Global Asset Management LLC’s holdings in EOG Resources were worth $1,556,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EOG. Silvercrest Asset Management Group LLC raised its holdings in EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock valued at $101,256,000 after buying an additional 106,677 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of EOG Resources by 15.3% in the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after acquiring an additional 2,697 shares during the period. Marble Harbor Investment Counsel LLC increased its position in shares of EOG Resources by 3.2% in 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 acquiring an additional 3,150 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of EOG Resources by 37.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after purchasing an additional 44,687 shares during the period. Finally, Signet Financial Management LLC grew its position in shares of EOG Resources by 15.3% in the 1st quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company’s stock worth $3,756,000 after buying an additional 3,890 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Citigroup decreased their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the company from $150.00 to $130.00 in a report on Friday, April 11th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Finally, Stephens initiated coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target on the stock. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.48.

EOG Resources Stock Up 1.4%

NYSE EOG opened at $122.94 on Thursday. The business has a fifty day moving average price of $115.33 and a 200 day moving average price of $121.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The company has a market cap of $67.10 billion, a P/E ratio of 11.40, a P/E/G ratio of 9.74 and a beta of 0.76. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the business posted $2.82 earnings per share. EOG Resources’s quarterly revenue was down 7.4% on a year-over-year basis. Research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a boost 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 dividend yield of 3.32%. EOG Resources’s payout ratio is presently 36.18%.

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.