EOG Resources, Inc. (NYSE:EOG) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,774 shares of the energy exploration company’s stock after selling 462 shares during the quarter. Appleton Partners Inc. MA’s holdings in EOG Resources were worth $775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Cetera Investment Advisers boosted its stake in EOG Resources by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock worth $1,911,000 after purchasing an additional 2,213 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in EOG Resources during the 1st quarter worth $404,000. Sequoia Financial Advisors LLC acquired a new stake in EOG Resources during the 1st quarter worth $278,000. Zions Bancorporation N.A. boosted its stake in EOG Resources by 237.7% during the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock worth $138,000 after purchasing an additional 813 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in EOG Resources by 23.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock worth $79,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lifted their price target on EOG Resources from $139.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Jefferies Financial Group lifted their price target on EOG Resources from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Piper Sandler lifted their price target on EOG Resources from $156.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, August 14th. TD Securities lifted their price target on EOG Resources from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, August 4th. Finally, Raymond James reduced their price target on EOG Resources from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Monday, July 24th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.13.

Insider Activity at EOG Resources

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

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $132.18 on Friday. EOG Resources, Inc. has a one year low of $98.52 and a one year high of $150.88. The company has a market cap of $76.96 billion, a PE ratio of 8.91, a P/E/G ratio of 0.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.39. The business has a 50-day simple moving average of $128.06 and a 200-day simple moving average of $118.55.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 3rd. The energy exploration company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.21. EOG Resources had a return on equity of 28.52% and a net margin of 33.58%. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the previous year, the company posted $2.74 earnings per share. The business’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.08 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 22.24%.

About EOG Resources

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.