EOG Resources, Inc. (NYSE:EOG) Shares Sold by Clarius Group LLC

Clarius Group LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,586 shares of the energy exploration company’s stock after selling 93 shares during the period. Clarius Group LLC’s holdings in EOG Resources were worth $685,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of EOG Resources during the second quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources in the second quarter worth about $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the second quarter worth about $30,000. Triad Wealth Partners LLC acquired a new position in EOG Resources in the second quarter worth about $35,000. Finally, Norwood Financial Corp acquired a new position in EOG Resources in the first quarter worth about $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on EOG. KeyCorp began coverage on EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target for the company. Sanford C. Bernstein decreased their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Susquehanna decreased their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company cut their target price on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.65.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on 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 $4,434,135.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $132.45 on Friday. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock has a market cap of $75.31 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 3.38 and a beta of 1.28. The stock’s 50 day moving average price is $125.89 and its 200 day moving average price is $127.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (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 analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.49 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.75%. EOG Resources’s dividend payout ratio (DPR) is 28.11%.

About EOG Resources

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.