Capital Investment Advisors LLC Sells 160,248 Shares of EOG Resources, Inc. (NYSE:EOG)

Capital Investment Advisors LLC reduced its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 73.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,646 shares of the energy exploration company's stock after selling 160,248 shares during the quarter. Capital Investment Advisors LLC's holdings in EOG Resources were worth $6,964,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. UniSuper Management Pty Ltd increased its stake in shares of EOG Resources by 228.4% in the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock valued at $1,998,000 after buying an additional 10,868 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new position in shares of EOG Resources in the first quarter worth about $1,217,000. Romano Brothers AND Company bought a new position in shares of EOG Resources in the first quarter worth about $1,349,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of EOG Resources by 57.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company's stock worth $46,192,000 after purchasing an additional 138,869 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of EOG Resources by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company's stock valued at $190,724,000 after purchasing an additional 9,894 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources 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 sale, the director now owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was 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 directly owns 60,892 shares in the company, valued at $7,648,035.20. This trade represents 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 through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction that occurred on 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 directly owns 35,058 shares in the company, 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. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EOG shares. Susquehanna decreased their price objective on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They set a "peer perform" rating for the company. Piper Sandler reduced their target price on shares of EOG Resources from $154.00 to $147.00 and set an "overweight" rating on the stock in a research note on Thursday, August 15th. Finally, Scotiabank cut 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 report on Thursday, October 10th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and a consensus price target of $141.20.

EOG Resources Stock Down 0.3 %

Shares of EOG Resources stock traded down $0.42 during trading on Friday, reaching $126.62. The stock had a trading volume of 2,990,804 shares, compared to its average volume of 3,180,451. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $72.77 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a fifty day moving average price of $126.24 and a two-hundred day moving average price of $127.15.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share 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 firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. The business's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 EPS. Sell-side analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources's payout ratio is currently 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.