Audent Global Asset Management LLC Trims Stake in EOG Resources, Inc. $EOG

Audent Global Asset Management LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 71.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,495 shares of the energy exploration company’s stock after selling 8,565 shares during the period. Audent Global Asset Management LLC’s holdings in EOG Resources were worth $392,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EOG. Everhart Financial Group Inc. bought a new stake in EOG Resources during the 3rd quarter worth approximately $225,000. National Pension Service raised its position in shares of EOG Resources by 3.1% during the 3rd quarter. National Pension Service now owns 1,433,274 shares of the energy exploration company’s stock valued at $160,699,000 after purchasing an additional 43,626 shares during the period. Welch & Forbes LLC lifted its stake in shares of EOG Resources by 1.1% during the 3rd quarter. Welch & Forbes LLC now owns 25,324 shares of the energy exploration company’s stock valued at $2,839,000 after buying an additional 285 shares in the last quarter. Winnow Wealth LLC bought a new position in EOG Resources in the 3rd quarter worth $965,000. Finally, Bryn Mawr Trust Advisors LLC raised its holdings in EOG Resources by 10.9% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 10,124 shares of the energy exploration company’s stock valued at $1,135,000 after acquiring an additional 997 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 0.0%

EOG Resources stock opened at $112.13 on Friday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.87. The business has a fifty day moving average of $106.92 and a two-hundred day moving average of $111.80. The firm has a market cap of $60.84 billion, a P/E ratio of 11.17, a P/E/G ratio of 9.68 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 earnings per share. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.6%. EOG Resources’s payout ratio is presently 40.64%.

Analyst Ratings Changes

Several research firms have weighed in on EOG. Jefferies Financial Group set a $140.00 price target on EOG Resources in a research note on Wednesday, January 14th. Evercore ISI lifted their target price on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Siebert Williams Shank reduced their price objective 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. Susquehanna lowered their price objective on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating for the company in a research report on Monday, January 26th. Finally, BMO Capital Markets decreased their target price on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $134.07.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.