King Luther Capital Management Corp Sells 5,169 Shares of EOG Resources, Inc. (NYSE:EOG)

King Luther Capital Management Corp lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 402,474 shares of the energy exploration company's stock after selling 5,169 shares during the quarter. King Luther Capital Management Corp owned about 0.07% of EOG Resources worth $50,659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in EOG Resources during the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter worth $28,000. Gladius Capital Management LP bought a new position in EOG Resources during the second quarter worth $30,000. Sachetta LLC acquired a new position in EOG Resources during the 4th quarter valued at $33,000. Finally, Triad Wealth Partners LLC bought a new stake in EOG Resources in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insiders Place Their Bets

In related news, Director Charles R. Crisp sold 6,500 shares of the business'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 value of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company's stock, valued at $9,615,375. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EOG. Morgan Stanley dropped their price objective on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a report on Monday. Truist Financial cut their price target on EOG Resources from $136.00 to $130.00 and set a "hold" rating for the company in a report on Monday, July 22nd. UBS Group decreased their price objective on EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday. Susquehanna cut their target price on EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a research note on Wednesday, September 4th. Finally, Sanford C. Bernstein decreased their price target on shares of EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 17th. Fourteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $142.89.

EOG Resources Price Performance

Shares of EOG traded up $0.81 on Friday, hitting $126.01. The company's stock had a trading volume of 9,400,839 shares, compared to its average volume of 3,228,248. The company has a 50 day moving average price of $125.65 and a 200 day moving average price of $126.49. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a market capitalization of $72.42 billion, a PE ratio of 9.95, a PEG ratio of 2.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts' consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. 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 payout ratio is presently 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.