Oak Family Advisors LLC Trims Stock Position in EOG Resources, Inc. (NYSE:EOG)

Oak Family Advisors LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 17.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 41,084 shares of the energy exploration company’s stock after selling 8,463 shares during the period. EOG Resources makes up 1.8% of Oak Family Advisors LLC’s holdings, making the stock its 17th largest holding. Oak Family Advisors LLC’s holdings in EOG Resources were worth $5,171,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors lifted its position in EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of EOG Resources by 26.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares during the last quarter. Capital International Investors lifted its holdings in shares of EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after acquiring an additional 766,056 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after acquiring an additional 373,365 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of EOG Resources by 67.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock worth $107,856,000 after acquiring an additional 339,480 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Bank of America reiterated a “buy” rating and set a $151.00 price target on shares of EOG Resources in a report on Friday, June 14th. Truist Financial lowered their price target on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Susquehanna upped their price target on shares of EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a report on Monday, August 5th. Fourteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $144.15.

EOG Resources Trading Up 0.2 %

EOG Resources stock traded up $0.24 during mid-day trading on Thursday, reaching $125.22. 2,216,054 shares of the company traded hands, compared to its average volume of 3,165,984. The firm’s 50 day moving average price is $125.79 and its 200 day moving average price is $124.91. The firm has a market capitalization of $71.97 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last released its 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. The firm 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 25.65%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

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.