Western Wealth Management LLC Sells 221 Shares of EOG Resources, Inc. (NYSE:EOG)

Western Wealth Management LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,819 shares of the energy exploration company’s stock after selling 221 shares during the quarter. Western Wealth Management LLC’s holdings in EOG Resources were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Riverview Trust Co acquired a new stake in EOG Resources in the 2nd quarter worth $27,000. Gladius Capital Management LP acquired a new position in EOG Resources in the 2nd quarter valued at approximately $30,000. Sachetta LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $33,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the 2nd quarter worth approximately $35,000. Finally, Norwood Financial Corp acquired a new position in shares of EOG Resources in the first quarter valued at $37,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 1.3 %

Shares of EOG stock traded up $1.63 during trading hours on Monday, reaching $129.69. The company had a trading volume of 281,333 shares, compared to its average volume of 3,166,245. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The firm has a market cap of $74.53 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a 50 day moving average of $125.39 and a 200 day moving average of $124.70.

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

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen raised their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Citigroup boosted their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Susquehanna lifted their price target on shares of EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a report on Monday, August 5th. Finally, Bank of America restated a “buy” rating and issued a $151.00 price target on shares of EOG Resources in a research report on Friday, June 14th. Fourteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $144.10.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. 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 business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

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.