AIA Group Ltd Cuts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

AIA Group Ltd cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 82.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,836 shares of the energy exploration company’s stock after selling 8,367 shares during the period. AIA Group Ltd’s holdings in EOG Resources were worth $235,000 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. Harbour Investments Inc. raised its holdings in shares of EOG Resources by 15.2% in the 3rd quarter. Harbour Investments Inc. now owns 1,740 shares of the energy exploration company’s stock worth $221,000 after purchasing an additional 230 shares during the period. EP Wealth Advisors LLC lifted its position in EOG Resources by 268.0% during the third quarter. EP Wealth Advisors LLC now owns 5,870 shares of the energy exploration company’s stock valued at $744,000 after buying an additional 4,275 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in EOG Resources by 2.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 14,763 shares of the energy exploration company’s stock worth $1,871,000 after buying an additional 333 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth $420,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of EOG Resources by 1.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 36,889 shares of the energy exploration company’s stock valued at $4,462,000 after acquiring an additional 526 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares in the company, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EOG shares. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. KeyCorp assumed coverage on EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price for the company. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. TD Cowen increased their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Scotiabank reduced their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday. Thirteen 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $144.55.

EOG Resources Stock Performance

EOG stock opened at $128.95 on Friday. The firm has a market cap of $74.11 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.78 and a beta of 1.30. The stock’s 50 day simple moving average is $124.89 and its 200 day simple moving average is $122.78. 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 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last issued its 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 company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the company earned $2.69 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources, Inc. will post 12.06 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.82%. EOG Resources’s payout ratio is currently 28.75%.

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.