EOG Resources, Inc. (NYSE:EOG) Shares Sold by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,171 shares of the energy exploration company’s stock after selling 105 shares during the period. Quadcap Wealth Management LLC’s holdings in EOG Resources were worth $1,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mountain Lake Investment Management LLC purchased a new stake in EOG Resources during the 4th quarter worth approximately $735,000. Oak Ridge Investments LLC increased its holdings in EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after purchasing an additional 2,311 shares during the last quarter. Tobam purchased a new stake in EOG Resources during the 4th quarter worth approximately $352,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after purchasing an additional 2,773 shares during the last quarter. Finally, Twelve Points Wealth Management LLC increased its holdings in EOG Resources by 27.2% during the 4th quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company’s stock worth $3,013,000 after purchasing an additional 5,259 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $115.79 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock’s 50-day moving average is $116.02 and its two-hundred day moving average is $124.31. The firm has a market cap of $63.20 billion, a P/E ratio of 9.32, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period in the prior year, the firm posted $2.82 EPS. The business’s revenue was down 7.4% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.37%. The ex-dividend date is Thursday, July 17th. EOG Resources’s payout ratio is currently 36.18%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EOG. Mizuho lowered their price target on EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Tuesday. Raymond James reissued a “strong-buy” rating and issued a $140.00 price target on shares of EOG Resources in a research note on Monday, April 21st. Susquehanna decreased their price target on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Eleven 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.63.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.