Symphony Financial Ltd. Co. Decreases Position in EOG Resources, Inc. (NYSE:EOG)

Symphony Financial Ltd. Co. lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,551 shares of the energy exploration company’s stock after selling 615 shares during the period. Symphony Financial Ltd. Co.’s holdings in EOG Resources were worth $967,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in shares of EOG Resources by 0.8% in the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock worth $1,019,000 after purchasing an additional 74 shares in the last quarter. Bollard Group LLC increased its stake in shares of EOG Resources by 0.7% in the fourth quarter. Bollard Group LLC now owns 10,569 shares of the energy exploration company’s stock worth $1,369,000 after purchasing an additional 77 shares in the last quarter. White Pine Capital LLC increased its stake in shares of EOG Resources by 2.2% in the fourth quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock worth $511,000 after purchasing an additional 85 shares in the last quarter. Chelsea Counsel Co. increased its stake in shares of EOG Resources by 1.4% in the fourth quarter. Chelsea Counsel Co. now owns 6,360 shares of the energy exploration company’s stock worth $824,000 after purchasing an additional 85 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in EOG Resources by 4.2% during the first quarter. Ausdal Financial Partners Inc. now owns 2,262 shares of the energy exploration company’s stock valued at $259,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources 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 transaction, the chief operating officer now owns 145,259 shares in the company, valued at approximately $18,994,066.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 37,607 shares of the company’s stock, valued at approximately $4,409,796.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 145,259 shares in the company, valued at $18,994,066.84. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EOG. Truist Financial raised their target price on shares of EOG Resources from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Evercore ISI cut their target price on shares of EOG Resources from $115.00 to $113.00 in a research note on Monday, July 10th. Stifel Nicolaus raised their target price on shares of EOG Resources from $143.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Royal Bank of Canada cut their target price on shares of EOG Resources from $150.00 to $145.00 in a research note on Wednesday, July 12th. Finally, The Goldman Sachs Group lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $137.00 to $130.00 in a research report on Tuesday, June 13th. 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, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $148.21.

EOG Resources Stock Down 1.9 %

NYSE EOG traded down $2.49 during trading on Tuesday, reaching $129.39. 926,094 shares of the company’s stock traded hands, compared to its average volume of 3,357,900. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.39 and a quick ratio of 2.02. The firm has a market cap of $75.34 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The company’s 50 day simple moving average is $128.38 and its two-hundred day simple moving average is $118.72. EOG Resources, Inc. has a 12-month low of $98.52 and a 12-month high of $150.88.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.21. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the firm posted $2.74 EPS. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.08 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, October 16th. EOG Resources’s payout ratio is currently 22.24%.

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.