Envestnet Portfolio Solutions Inc. Sells 488 Shares of EOG Resources, Inc. (NYSE:EOG)

Envestnet Portfolio Solutions Inc. reduced its position in EOG Resources, Inc. (NYSE:EOG) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,784 shares of the energy exploration company’s stock after selling 488 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in EOG Resources were worth $5,259,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $5,443,000. Dai ichi Life Insurance Company Ltd grew its stake in shares of EOG Resources by 15.3% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after acquiring an additional 6,154 shares in the last quarter. AIA Group Ltd raised its holdings in shares of EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after purchasing an additional 5,728 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of EOG Resources by 2.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after purchasing an additional 22,638 shares in the last quarter. Finally, Yacktman Asset Management LP boosted its holdings in EOG Resources by 4.8% during the fourth quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock worth $216,432,000 after purchasing an additional 82,302 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 1.1 %

Shares of EOG stock traded up $1.37 on Thursday, hitting $127.91. 663,836 shares of the company’s stock traded hands, compared to its average volume of 3,181,133. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock has a market capitalization of $73.51 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.15 and a beta of 1.30. The company’s fifty day simple moving average is $125.09 and its 200 day simple moving average is $124.45. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 12.13 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is 28.75%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Citigroup boosted their price objective on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. UBS Group decreased their target price on EOG Resources from $169.00 to $166.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Finally, Mizuho increased their price target on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Fourteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $144.10.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.