RFG Advisory LLC Cuts Holdings in EOG Resources, Inc. $EOG

RFG Advisory LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 46.5% during the second quarter, Holdings Channel.com reports. The firm owned 6,871 shares of the energy exploration company’s stock after selling 5,973 shares during the quarter. RFG Advisory LLC’s holdings in EOG Resources were worth $891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter worth about $25,000. SJS Investment Consulting Inc. lifted its stake in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in EOG Resources during the 4th quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources during the 4th quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new position in EOG Resources during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of analyst reports. Sanford C. Bernstein reduced their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Mizuho set a $157.00 price target on EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Finally, Truist Financial lifted their price target on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $157.07.

EOG Resources Trading Down 0.1%

Shares of EOG Resources stock opened at $147.27 on Friday. The company has a fifty day simple moving average of $143.10 and a 200-day simple moving average of $138.10. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock has a market cap of $77.25 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.55 and a beta of 0.26.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the firm posted $2.32 EPS. The company’s revenue was up 57.4% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post 16.75 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued 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 2.8%. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Insider Activity

In other news, CEO Ezra Yacob sold 35,942 shares of EOG Resources stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.