Curated Wealth Partners LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG – Free Report) by 94.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,438 shares of the energy exploration company’s stock after selling 165,799 shares during the period. Curated Wealth Partners LLC’s holdings in EOG Resources were worth $1,438,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Summitry LLC grew its holdings in shares of EOG Resources by 1.5% during the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after buying an additional 73 shares in the last quarter. Twin Capital Management Inc. raised 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 valued at $3,467,000 after buying an additional 79 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake in shares of EOG Resources by 2.8% during the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock valued at $377,000 after buying an additional 79 shares during the period. Paladin Wealth LLC lifted its stake in shares of EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock valued at $207,000 after buying an additional 80 shares during the period. Finally, Hardy Reed LLC boosted its position in EOG Resources by 3.8% during 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. Institutional investors and hedge funds own 89.91% of the company’s stock.
EOG Resources Trading Down 0.6%
Shares of EOG traded down $0.91 during mid-day trading on Thursday, hitting $153.28. The company had a trading volume of 880,197 shares, compared to its average volume of 4,035,209. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $155.00. The business’s 50-day simple moving average is $145.19 and its 200-day simple moving average is $140.14. The stock has a market cap of $80.40 billion, a PE ratio of 11.92, a P/E/G ratio of 0.56 and a beta of 0.36. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.
EOG Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. EOG Resources’s payout ratio is currently 31.75%.
Analyst Ratings Changes
Several analysts have commented on EOG shares. Capital One Financial cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price for the company. in a research note on Wednesday, August 26th. Scotiabank began coverage on EOG Resources in a research note on Wednesday. They set a “sector perform” rating and a $144.00 price target on the stock. Raymond James Financial restated a “strong-buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a report on Thursday, September 17th. Freedom Capital cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Barclays set a $147.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $160.56.
View Our Latest Stock Analysis on EOG
Insider Buying and Selling at EOG Resources
In related news, COO Jeffrey R. Leitzell sold 9,039 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the transaction, the chief operating officer owned 90,790 shares in the company, valued at approximately $12,765,981.90. This trade represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 52,317 shares of company stock valued at $7,823,480. Company insiders own 0.14% of the company’s stock.
EOG Resources Company 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. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.
EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.
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