EOG Resources, Inc. (NYSE:EOG) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,296 shares of the energy exploration company’s stock after selling 104 shares during the quarter. Tributary Capital Management LLC’s holdings in EOG Resources were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. McIlrath & Eck LLC increased its position in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares during the period. Sachetta LLC acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $33,000. Hall Laurie J Trustee acquired a new stake in EOG Resources in the fourth quarter worth approximately $36,000. Finally, Keener Financial Planning LLC acquired a new stake in EOG Resources in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EOG. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price target on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Piper Sandler upped their price target on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Finally, Citigroup upped their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $143.19.

EOG Resources Trading Up 0.1 %

NYSE EOG opened at $126.65 on Wednesday. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $72.79 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The firm’s fifty day simple moving average is $126.13 and its 200-day simple moving average is $122.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business posted $2.69 earnings per share. EOG Resources’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.99 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

Insider Buying and Selling

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a filing with the SEC, which can be accessed 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 approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,512 shares of company stock worth $2,144,972. Corporate insiders own 0.20% of the company’s stock.

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.