Family Manage LLC Sells 33,851 Shares of EOG Resources, Inc. $EOG

Family Manage LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 64.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 18,738 shares of the energy exploration company’s stock after selling 33,851 shares during the period. Family Manage LLC’s holdings in EOG Resources were worth $2,709,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concurrent Investment Advisors LLC grew its position in shares of EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after buying an additional 7,877 shares during the period. Ilmarinen Mutual Pension Insurance Co raised its position in shares of EOG Resources by 39.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after acquiring an additional 24,500 shares during the period. Cumberland Partners Ltd boosted its stake in EOG Resources by 432.0% during the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after acquiring an additional 12,562 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after acquiring an additional 24,984 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in EOG Resources by 8.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after purchasing an additional 24,960 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.2%

EOG Resources stock opened at $146.62 on Monday. The stock has a market capitalization of $78.09 billion, a PE ratio of 14.43 and a beta of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $136.76 and a 200-day moving average of $130.07.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the firm earned $2.87 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 16.16 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Analysts Set New Price Targets

Several research firms have weighed in on EOG. DA Davidson increased their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Susquehanna reaffirmed a “positive” rating and set a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Finally, Barclays raised their price objective on EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.