Westover Capital Advisors LLC Sells 16,303 Shares of EOG Resources, Inc. $EOG

Westover Capital Advisors LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 51.7% in the second quarter, HoldingsChannel.com reports. The fund owned 15,203 shares of the energy exploration company’s stock after selling 16,303 shares during the period. Westover Capital Advisors LLC’s holdings in EOG Resources were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EOG. Kingsview Wealth Management LLC raised its stake in EOG Resources by 8.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,198 shares of the energy exploration company’s stock worth $538,000 after buying an additional 338 shares during the period. Csenge Advisory Group increased its holdings in shares of EOG Resources by 6.9% in the first quarter. Csenge Advisory Group now owns 7,372 shares of the energy exploration company’s stock worth $945,000 after acquiring an additional 476 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of EOG Resources by 15.9% during the first quarter. Kestra Private Wealth Services LLC now owns 13,241 shares of the energy exploration company’s stock worth $1,698,000 after purchasing an additional 1,816 shares during the period. OneAscent Financial Services LLC lifted its holdings in shares of EOG Resources by 67.1% during the 1st quarter. OneAscent Financial Services LLC now owns 3,236 shares of the energy exploration company’s stock valued at $416,000 after purchasing an additional 1,300 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of EOG Resources by 84.3% in the 1st quarter. IFP Advisors Inc now owns 24,185 shares of the energy exploration company’s stock valued at $3,102,000 after purchasing an additional 11,064 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.9%

Shares of EOG stock opened at $109.44 on Tuesday. The firm’s fifty day moving average price is $110.85 and its two-hundred day moving average price is $115.47. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market capitalization of $59.38 billion, a P/E ratio of 10.64, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. EOG Resources’s payout ratio is 40.64%.

Wall Street Analyst Weigh In

Several analysts have commented on EOG shares. Barclays set a $136.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. BMO Capital Markets dropped their price objective on shares of EOG Resources from $134.00 to $130.00 in a report on Tuesday, November 11th. Evercore ISI boosted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Siebert Williams Shank dropped their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Mizuho cut their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $140.31.

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.