Castleview Partners LLC Has $49,000 Position in EOG Resources, Inc. (NYSE:EOG)

Castleview Partners LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 79.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 397 shares of the energy exploration company’s stock after selling 1,531 shares during the quarter. Castleview Partners LLC’s holdings in EOG Resources were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Riverview Trust Co acquired a new position in shares of EOG Resources in the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources during the second quarter valued at $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the 2nd quarter worth about $35,000. Finally, Norwood Financial Corp bought a new position in EOG Resources during the 1st quarter valued at about $37,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.7 %

NYSE:EOG opened at $125.71 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The stock’s fifty day simple moving average is $126.18 and its 200-day simple moving average is $127.01. The firm has a market capitalization of $72.25 billion, a P/E ratio of 9.93, a P/E/G ratio of 3.38 and a beta of 1.28.

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 25.42% 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. Equities research analysts expect that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Analysts Set New Price Targets

EOG has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Scotiabank decreased their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler cut their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. UBS Group decreased their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein cut their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.20.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% 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.