Teamwork Financial Advisors LLC Trims Position in EOG Resources, Inc. (NYSE:EOG)

Teamwork Financial Advisors LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 90.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,316 shares of the energy exploration company's stock after selling 85,950 shares during the period. Teamwork Financial Advisors LLC's holdings in EOG Resources were worth $1,145,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Cape ANN Savings Bank raised its stake in shares of EOG Resources by 0.9% during the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock valued at $1,067,000 after acquiring an additional 79 shares during the last quarter. Wright Investors Service Inc. raised its stake in shares of EOG Resources by 0.8% during the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company's stock valued at $1,299,000 after acquiring an additional 80 shares during the last quarter. CVA Family Office LLC raised its stake in shares of EOG Resources by 11.0% during the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock valued at $103,000 after acquiring an additional 81 shares during the last quarter. Bailard Inc. raised its stake in shares of EOG Resources by 0.4% during the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock valued at $2,505,000 after acquiring an additional 81 shares during the last quarter. Finally, Field & Main Bank raised its stake in shares of EOG Resources by 1.4% during the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company's stock valued at $788,000 after acquiring an additional 83 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

EOG Resources stock traded down $0.42 during midday trading on Friday, reaching $126.62. 2,990,659 shares of the company traded hands, compared to its average volume of 3,180,451. The firm has a market capitalization of $72.77 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. The business has a 50 day moving average of $126.24 and a two-hundred day moving average of $127.15. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. 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 issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.49 earnings per share. As a group, research analysts predict that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.87%. EOG Resources's dividend payout ratio (DPR) is 28.75%.

Analyst Upgrades and Downgrades

EOG has been the topic of several research analyst reports. Wells Fargo & Company reduced their price target on shares of EOG Resources from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 1st. UBS Group reduced their price target on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Barclays reduced their price target on shares of 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. Sanford C. Bernstein reduced 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 report on Wednesday, July 17th. Finally, StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, September 16th. Fourteen equities research 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 data from MarketBeat, EOG Resources has a consensus rating of "Hold" and an average price target of $141.20.

Insider Activity at EOG Resources

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

EOG Resources 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.