Evexia Wealth LLC Trims Position in EOG Resources, Inc. (NYSE:EOG)

Evexia Wealth LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,945 shares of the energy exploration company's stock after selling 4,294 shares during the period. EOG Resources accounts for 1.5% of Evexia Wealth LLC's portfolio, making the stock its 24th largest position. Evexia Wealth LLC's holdings in EOG Resources were worth $4,288,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Cape ANN Savings Bank increased its position in EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock valued at $1,067,000 after buying an additional 79 shares in the last quarter. Wright Investors Service Inc. boosted its stake in EOG Resources by 0.8% in the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company's stock worth $1,299,000 after purchasing an additional 80 shares in the last quarter. CVA Family Office LLC grew its position in EOG Resources by 11.0% during the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock valued at $103,000 after purchasing an additional 81 shares during the last quarter. Bailard Inc. grew its position in EOG Resources by 0.4% during the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock valued at $2,505,000 after purchasing an additional 81 shares during the last quarter. Finally, Field & Main Bank raised its holdings in EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company's stock worth $788,000 after buying an additional 83 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EOG shares. Susquehanna reduced their price target on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a research report on Wednesday, September 4th. Scotiabank lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Thursday. UBS Group reduced their price target on EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Barclays lowered their price objective on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Finally, KeyCorp started coverage on shares of EOG Resources in a report on Thursday, June 27th. They issued an "overweight" rating and a $157.00 target price on the stock. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EOG Resources presently has a consensus rating of "Hold" and a consensus price target of $141.65.

EOG Resources Trading Up 0.2 %

NYSE EOG traded up $0.26 on Friday, hitting $132.45. 1,460,830 shares of the stock were exchanged, compared to its average volume of 3,197,432. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a market capitalization of $76.12 billion, a P/E ratio of 10.46, a P/E/G ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The stock has a fifty day moving average price of $125.89 and a two-hundred day moving average price of $127.13.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.49 EPS. Research analysts forecast that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's dividend payout ratio is presently 28.75%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm'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 transaction, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

EOG Resources Company Profile

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.