Clarius Group LLC Sells 390 Shares of EOG Resources, Inc. (NYSE:EOG)

Clarius Group LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,679 shares of the energy exploration company’s stock after selling 390 shares during the period. Clarius Group LLC’s holdings in EOG Resources were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Sachetta LLC purchased a new position in shares of EOG Resources in the 4th quarter worth $33,000. Keener Financial Planning LLC purchased a new position in shares of EOG Resources in the 4th quarter worth $36,000. Norwood Financial Corp purchased a new position in shares of EOG Resources during the 1st quarter worth about $37,000. LifeSteps Financial Inc. purchased a new position in shares of EOG Resources during the 1st quarter worth about $38,000. Finally, GoalVest Advisory LLC boosted its stake in shares of EOG Resources by 135.4% during the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 176 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 0.8 %

Shares of NYSE EOG traded down $0.98 during trading hours on Friday, hitting $125.81. 504,798 shares of the stock were exchanged, compared to its average volume of 3,190,557. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a market cap of $72.30 billion, a PE ratio of 10.02, a PEG ratio of 2.15 and a beta of 1.30. The firm has a fifty day moving average price of $124.61 and a 200-day moving average price of $123.97. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last posted 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 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%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.49 EPS. On average, sell-side analysts expect that EOG Resources, Inc. will post 12.13 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

Insiders Place Their Bets

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were 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 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.

Analysts Set New Price Targets

A number of research firms recently commented on EOG. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. UBS Group decreased their price objective on shares of EOG Resources from $169.00 to $166.00 and set a “buy” rating for the company in a report on Thursday. Citigroup lifted their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Truist Financial decreased their price objective on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Bank of America reiterated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a report on Friday, June 14th. Fourteen 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 company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $144.45.

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.