Howard Capital Management LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 79.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,531 shares of the energy exploration company’s stock after selling 13,460 shares during the quarter. Howard Capital Management LLC’s holdings in EOG Resources were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Summitry LLC increased its stake in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 73 shares during the last quarter. Twin Capital Management Inc. boosted its position in shares of EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after acquiring an additional 79 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in shares of EOG Resources by 2.8% in the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after acquiring an additional 79 shares during the last quarter. Paladin Wealth LLC boosted its position in shares of EOG Resources by 5.3% in the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after acquiring an additional 80 shares during the last quarter. Finally, Hardy Reed LLC boosted its position in shares of EOG Resources by 3.8% in the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently commented on EOG shares. UBS Group reaffirmed a “buy” rating and set a $186.00 price target (up from $183.00) on shares of EOG Resources in a research report on Friday, October 9th. Stifel Nicolaus initiated coverage on shares of EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price target on the stock. Capital One Financial lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target on the stock. in a report on Wednesday, August 26th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, Scotiabank started coverage on shares of EOG Resources in a research note on Wednesday. They set a “sector perform” rating and a $144.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eighteen have given a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $160.56.
Read Our Latest Research Report on EOG
EOG Resources Stock Up 3.5%
Shares of NYSE EOG opened at $157.97 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $158.37. The stock’s 50-day simple moving average is $145.98 and its 200-day simple moving average is $140.29. The firm has a market cap of $82.86 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.57 and a beta of 0.36.
EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the business posted $2.32 earnings per share. EOG Resources’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 17.48 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.
Insider Buying and Selling at EOG Resources
In other news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. The trade was a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,317 shares of company stock valued at $7,823,480 in the last three months. Corporate insiders own 0.14% of the company’s stock.
EOG Resources Profile
EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.
The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.
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