Advisors Asset Management Inc. Has $5.43 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Advisors Asset Management Inc. lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,349 shares of the energy exploration company’s stock after selling 749 shares during the period. Advisors Asset Management Inc.’s holdings in EOG Resources were worth $5,428,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Ossiam raised its stake in EOG Resources by 1,206.7% during the fourth quarter. Ossiam now owns 196 shares of the energy exploration company’s stock worth $25,000 after buying an additional 181 shares during the last quarter. Kalos Management Inc. bought a new position in EOG Resources during the first quarter worth $27,000. Fortis Capital Advisors LLC bought a new position in EOG Resources during the fourth quarter worth $28,000. Lumature Wealth Partners LLC bought a new position in EOG Resources during the first quarter worth $28,000. Finally, Delta Asset Management LLC TN bought a new position in EOG Resources during the fourth quarter worth $32,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of several research analyst reports. TD Securities lifted their price target on shares of EOG Resources from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 4th. Raymond James decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set a “strong-buy” rating for the company in a research note on Monday, July 24th. Mizuho lifted their price target on shares of EOG Resources from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. UBS Group lifted their price target on shares of EOG Resources from $139.00 to $164.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Finally, Truist Financial boosted their target price on shares of EOG Resources from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

EOG Resources Stock Down 1.2 %

EOG opened at $131.55 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.39 and a debt-to-equity ratio of 0.14. The stock has a market cap of $76.60 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.42 and a beta of 1.57. EOG Resources, Inc. has a twelve month low of $98.52 and a twelve month high of $150.88. The company’s 50-day moving average price is $126.18 and its two-hundred day moving average price is $118.03.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.21. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $4.74 billion. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The company’s quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.74 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 11.08 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s payout ratio is 22.24%.

Insider Buying and Selling at EOG Resources

In related news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the sale, the chief operating officer now directly owns 145,259 shares in the company, valued at approximately $18,994,066.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $117.26, for a total transaction of $238,155.06. Following the sale, the executive vice president now directly owns 37,607 shares in the company, valued at approximately $4,409,796.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the sale, the chief operating officer now owns 145,259 shares in the company, valued at $18,994,066.84. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.