Oak Family Advisors LLC Cuts Stake in EOG Resources, Inc. (NYSE:EOG)

Oak Family Advisors LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 17.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,084 shares of the energy exploration company’s stock after selling 8,463 shares during the quarter. EOG Resources comprises about 1.8% of Oak Family Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Oak Family Advisors LLC’s holdings in EOG Resources were worth $5,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Harbour Trust & Investment Management Co increased its position in shares of EOG Resources by 9.2% during the second quarter. Harbour Trust & Investment Management Co now owns 30,651 shares of the energy exploration company’s stock worth $3,858,000 after acquiring an additional 2,574 shares during the last quarter. Stableford Capital II LLC increased its position in shares of EOG Resources by 1.7% during the second quarter. Stableford Capital II LLC now owns 16,478 shares of the energy exploration company’s stock worth $2,181,000 after acquiring an additional 283 shares during the last quarter. Iowa State Bank increased its position in shares of EOG Resources by 1.7% during the second quarter. Iowa State Bank now owns 27,100 shares of the energy exploration company’s stock worth $3,411,000 after acquiring an additional 448 shares during the last quarter. Vicus Capital increased its position in shares of EOG Resources by 49.7% during the second quarter. Vicus Capital now owns 3,202 shares of the energy exploration company’s stock worth $403,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the second quarter worth about $841,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen lifted their price target on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. UBS Group lifted their price target on EOG Resources from $166.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank decreased their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Bank of America reiterated a “buy” rating and issued a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Finally, Truist Financial decreased their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Fourteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $144.15.

EOG Resources Stock Performance

EOG Resources stock traded up $0.24 on Thursday, reaching $125.22. 2,216,054 shares of the stock were exchanged, compared to its average volume of 3,165,984. The stock has a market cap of $71.97 billion, a PE ratio of 9.89, a PEG ratio of 2.15 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a fifty day moving average price of $125.79 and a two-hundred day moving average price of $124.91.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Activity at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 completion of the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

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.